WGX 0.38% $2.61 westgold resources limited.

Ann: WGX Corporate Update, page-39

  1. 11,796 Posts.
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    An interesting idea, however, I actually feel WGX is now heavily undervalued compared to RMS, yet... for now, the market disagrees.
    WGX E/V is barely $200m, yet its non-sustaining capex is winding down after many years of... hmm... overspend is a polite word.
    RMS however, is likely to see a huge increase with Stage 3 Edna May ($180m).

    I have in the past been very positive on RMS, yet, Edna May for me has a real question mark over it. WGX is finally, being led by someone that actually wants WGX to generate a real profit, and I think they have the U/G mines to do it.

    I accumulated a few more WGX this afternoon, though I am sure it won't be the bottom, it will hopefully be close, especially if the quarterly is even just a pass.
 
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