Gold - WGX was run like a backyard fish and chip shop by the past MD. WGX is just starting to turn a corner, and has already proven this actually occurring, however, the stigma is likely still there, so... WGX is a bit of a plaything, perhaps liked all the more by traders due to the size of the share price swings.
There will come a time where WGX quarterlies get closer to the likes of NST (in terms of AISC and profit). WGX is not a pretty beast, but... underneath the exterior, is a powerhouse of mining on the go. WGX may never have the AISC of say, CMM, but if it even gets close, the upside is... worth of attention. We could see a little more weakness in the POG over the near term, then, WGX hopefully has a solid quarter, with lower costs, drilling success continues and WGX starts to finally build up its cash reserves,
WGX Price at posting:
97.0¢ Sentiment: Hold Disclosure: Held
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