Well Chris with all due respect you do come across as paid...

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Oden1

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28/10/17

12:51

Post #: 28277760
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Originally posted by chris1983 ↑

Your really coming across as a disgruntled ex employee or someone who was involved at the company previously or you obviously had close ties to someone previously there.

What I will say is a lot of the reported losses in financial statements have been made while challenger and Tarcoola have been moved to
Mineable states. Tarcoola has had its hiccups and probably added an additional 1-2 million loss to the financials in fy17 as they performed the stripback of the weather topsoil oxide. This is on top of any initial capital expenditure that was required to be spent on Tarcoola so it was a producing satellite pit.

They spent a fair bit of cash also getting challenger back to a state where you can mine. Installation of new ventilation and prepping deeps for mining and drilling. That development would of costs some serious $$.

Now I’m not saying things are amazing I’m just providing clarity to your comments. What we look forward to is Tarcoola actually being a cashflow positive operation. Unless that’s DFS conducted is complete and utter rubbish they should be able to pull all in sustaining costs for 5000 ounces a quarter under 1000 aud and they still have 50,000 odd ounces to produce from the current pit and existing/reported resource.

As for challenger we need to see how the new contract with byrnecut plays out but it is a contract that is much better suited for WPG moving forward. In fact byrnecut actually needs to do their job and show development meters are actually being produced to get paid. This is somewhat different to the agreement with Pybar whereby they were paid from memory for the amount of ore pushed through the mill. Not bad getting paid to push though surface stockpiles. It’s good they are gone.

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Well Chris with all due respect you do come across as paid excutive of WPG and had illuded to that in my earlier comments some 4 minths ago siteing facebook comparisms.. If your tired of me just hit ignore. Others know I am on the mark when you look back.

As for Pybar if they get paid for pushing stockpile of surface dirt then its a fault of onsite management and/or WPG competence in writing/evaluating contracts.

WPG Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
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