From page 3 of their last update.
Anyone care to guess what WGX's budgeted year to date cashflow would have been from Starlight? They effectively made nothing from their Bryah operations in the September quarter. See page 6 of last quarterly.
For WGX to say they are now 227% of budgeted cashflow by the end of October means they must have generated some serious cash in the month of October in order to make up for the first three months. While I don't expect it to be huge, it would still be significant if the budget cashflow was say $2 million a month that would mean WGX generated circa $8 million in October i.e. 2 million a month for the first 4 months. I guess this is possible if the grade at Nightfall is averaging 12g/t instead of the budgeted 3.4g/t.
If October cashflow is repeated for November and October there will be quite a step up in cashflow for the overall quarter, not withstanding greater capex due to Great Fingall coming on line.
Looking forward to 2024 with this company in my portfolio.
GLTA/IMHO
Miner of the Year Award, page-15
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