Good drop here. I may buy before quarterly report on this low volume. Maybe a few other junior meltdowns has infected WMX. AUD POG looks good. Balance sheet OK and current forward sales on cash in advance well in tact. Maybe share holders of expanding companies may have to accept AISC for 6-18 months. Newcrest, Barrick NST or EVN. All their AISC is not hot either, and rising. Let alone exploration and development costs that are not related to their production report as they do not include this. They palm this off this investment in other hopefuls they invest in. AISC is based on proven reserves and mine not a start up green fields/blue sky investment. That is how the bigger companies get away with reporting lower AISC. Then all of a sudden have a huge multi million dollar write down on investment.
WMX Price at posting:
$1.33 Sentiment: Hold Disclosure: Held
