I was in, wrote it off, back in with the new facts. New facts which are compelling. Management change and this should be the game changer. With Big Bell starting to hit it straps! Forward guidence which improves every quarter.!
Big Bell orebody grows with strike increased by 150m with drilling success. Adds 400,000 oz to resource base – now 16.8mt @ 3.13g/t for 1.69 million oz.
Big Bell now in clean air with an initial10yr + reserve. Ramp-up continuing over year – current run-rate is circa 450,000tpa
But Big Bell is only part of it, take a good at Great Fingall and Golden Crown mines, looks like the crown jewels. The ore body trends 45%, which makes it far cheaper to mine, as far as the decline goes. Very high grade gold.
Then there is Starlight!
So if Ramelius is worth 2 billion, Westgold should be close to 3 billion, if all goes to plan. Ramelius needs continious capital to develope new mines, Westgold has spend their capital spent and will require miminal over the next 10 years.
WGX Price at posting:
$2.36 Sentiment: Buy Disclosure: Held
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