WMC 0.00% 20.5¢ wiluna mining corporation limited.

Good News Coming, page-11

  1. 1,205 Posts.
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    It should be a lot more more than $1,720 sales this quarter considering they 6K oz. in stock at the end of last quarter. That is, also considering their hedging agreement.(they have to sell 12K oz @ $1,675) for the quarter  Also add $2.8 mill farm in and the $1.6 mill in cash they had. It adds up to  around $9 mill cash to carry them through this quarter  Even at worst forecast production figures @ $1,700 for the quarter they are OK.
    As long as they cut feasibility and future development costs it should be OK. I sent an email a couple of weeks ago to them to reduce exploration/staff costs and hang in there for moment. I think we already have ample enough resource definition. Let us see if they concentrate on extracting rather than resource definition.
 
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