Morning all. @goldatwidgie Great numbers in our project as you point out. If I look at what is happening with the chart with the current GP- I may be early but I think we have had the pause and about to move higher again. I am expecting to see $3,000 as this year progresses and maybe even higher. Yes we all know, don't count your chickens. I also looked at the chart on AWJ-
That white line is a little like a magnet. When we get too far from it, we revisit. Looking at the last 2 trading we just had our revisit while we are well underway with JF along with higher GP than we expected. We will move into Munda soon and indications of even higher GP could be more fuel to the fire here. I could add here for a trading package above my long term holding. Looking around at anything that is in the space, I think there is still room for movement here.
What's next- 1. Possible further consolidation in the area. 2. The hunt for a 1m oz deposit in a great area that is not an unrealistic expectation. 3. Improvements in the Munda mine plan with grade control drilling as well as higher grades possibility. 4. With an enormous improvement to cash flow we could make an acquisition? 5. Further GP appreciation and the positive sensitivity effect to our metrics. Anything else?
Oh did I mention that given the possible $80m/year plus net for the next 3 years, a special dividend could be possible also. I actually hope to see money better spent than a dividend but let's see just what the GP movement does to the space.
Kind regards, Wack.
AWJ Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
(20min delay)