It is a very good announcement that suggests to me that the Bluebird mine and its related processing plant could have an AISC around the average for the industry and help carry the higher cost WGX operations such as the Big Bell mine in times of an AUD gold price fall.
Hopefully the operations around Beta Hunt acquired from the Karora merger will be even better, and also support other struggling operations (Higginsvill?), but I need to do more research on them for a better understanding.
Thr 2025 forward guidance is going to be interesting, as will the next quarterly report that will cover the expanded WGX.
While I still think WGX is fully valued for now, it seems that its larger market cap/production levels is having the intended effect suggested in the merger documents that WGX would attract a premium post merger as it gets increased fundies' attention.
GLA
loki
It is a very good announcement that suggests to me that the...
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Last
$2.84 |
Change
-0.260(8.39%) |
Mkt cap ! $2.678B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.91 | $2.78 | $12.01M | 4.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 92498 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 89641 | 2 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |