There's a plethora of reasons why I think WGX will have a stellar cash generating FY23.
All IMHO, DYOR.
*Grades have increased in all WGX's major mines.
*Now only processing ore from the larger, cheaper to mine UG deposits.
*Stopped Open Pit mining.
*Monetizing Stockpiled ore.
*Big Bell now producing 100k tons of very cheaply mined ore per month (essentially BB is an underground open pit).
*Bluebird mill in the process of being repaired which could add a further 400,000tpa of processed ore.
*Bluebird mine ramping up to 50,0000tpm.
*Cash realised from sale of open pit mining equipment.
*Decreasing leased mining equipment capex.
*Two of the four gas/renewables power plant conversions projected to be completed in FY23 (funded by installer).
*Haulage capex decreasing YoY with less mining fronts.
*Growth capex nearly halving YoY.
*Fortnum 1,000,000tpa plant upgrade due to start very soon.
Using my own discounted cash flow analysis and a $2,400 gold price, I estimate WGX will have a cash balance in excess of 250 million by the end of FY23.
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