Hi Dubya, Whilst I am never offering any sort of financial advice, WGX register is actually quite tight for a mid cap producer. 475m shares. At $2.38, WGX would have a market cap around $1.13b, which I feel is very achievable if they continue to refine their operations and become for all intensive purposes, a pure U/G miner. I believe within the next 2 years, WGX will outperform SLR as a minimum. On and E/V and Market cap basis. Perhaps hard to see yet, but... WB is putting everything in place for this to be achievable.
Perhaps bookmark this post for future reference ( I am willing to eat humble pie, though I don't want to! As that will mean my significant investment in WGX was unfounded).
Just in case anyone has forgotten, WGX is tantalizingly close to be being the only unhedged mid tier producer on the ASX (based in Western Australia that is).
Could see an average sale price above $2600 this quarter.... maybe even a little higher if we are lucky with the timing of sales.
WGX Price at posting:
$1.30 Sentiment: Hold Disclosure: Held
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