Hey Joel, yes, the MD and.. it would seem the Investor relations team have finally resurrected how to craft a clear, concise and visually interesting presentation. The focus on cost controls and future proofing the business is very different from the past. WGX is slowly changing its spots.
Cannot help but wonder how many more ounces they might be able to squeeze of the plants, if they can bring in two planned U/G operations -
90,000 ounces from Fingall and Caustons, plus... potentially, Fender and Comet/Emu.. (though much harder to quantify). I assume these are in part, to fill the mill as they use up the last of their open pit stockpiles. It will be interesting to see whether they restart open pit mining, if costs reduce (fuel perhaps), or the POG rises sufficiently.
As you say Big Bell looks to be now potentially close the original runrate when it was first given FID. Though... I am still going to keep my overall expectations conservative. I think it will take a while for the MD to really instigate change throughout all the operations.
@wassa agree about AME (though... I am slowly coming to have an appreciation for their results). Still don't think there is any reason for WGX to acquire AME. Better to just keep funding exploration, perhaps increase their stake to 19.99%, then... if critical mass is in sight, then sure.... push the button. Cheers regarding the value of the equipment. That sounds about right compared to what they paid to bail out the original contractor, though.. as you say, they would be unlikely to fetch such price if simply sold off.
I would appreciate WGX showing a bit more inclination to share the exploration results they receive. As its still fairly cursory.
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