That is a extensive list of equipment easily worth $150m + imo to replace new by time you get them to site and operational, comms etc. Unfortunately nothing last long in the mining industry so devalues quickly. They constantly need maintenance. As a guide a full “like new” rebuild on those loaders listed at the bottom would push $1m each these days. I will ask my mate, he probably has a fleet about a third of that for rental, he will know the current prices.
Either way it shows WGX has invested serious dollars over time in building a fleet that is a rarity in the mining industry as most companies contract of out the services and own very little. It’s just more assets investors aren’t seeing.
If WB reset plan works making the bigger mines bigger and more efficient and the power savings come thru in a year WGX has to be massively undervalued going forward imo. I added again today.
WGX Price at posting:
89.0¢ Sentiment: Buy Disclosure: Held
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