All the stress for nothing. Worry about nothing.
There IS a danger that any miner can run out of cash if the aisc is over POG for too long.
Fortunately WPG is close to break even and still has a bit of cash up the sleeve.
Grade is king (thanks for the quote Seth) and deeper Tarcoola ore is better, and more profitable.
(It costs the same to process a tonne of high grade as low); and there are better grades deeper at Challenger too.
Alarmist talk about risk is just that, 'talk'; but we have to wait - patience.
U/g development at Challenger will be slow and expensive to get underway. Tarcoola is giving us that time.
I'm keeping my shares. I believe it's a good 'risk'.
Others may disagree, but margins are fine, so we need good grades and an incident-free few months.
The costs are fixed - more rock of better grade is the answer.
Posters who worry about prospects should sell and buy some bank stocks so they can sleep well at night; and leave WPG to us crazy bunch.
WPG Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
