Sep & Dec quarters are usually the best AISC quarters for WMX...

Sep & Dec quarters are usually the best AISC quarters for WMX with costs ramping-up considerably (for a variety of reasons) in Mar & Jun. It would be an achievement if they nail their FY AISC of $1950/oz....I'm expecting it'll be considerably higher than that by 30/06/21.

Also, the $9m they've estimated for drilling in their Feb'20 costings are part of (or separate to) the $30m they mention on page (1) of their Resource Upgrade Announcement.

So overall, I'd say the $97m (anticipated available cash for Stage 1 sulphide) & $61m (estimated total costs going forward) are probably optimistic projections. The real-world figures will no doubt be very different by the time plant commissioning has finished.



Cheers