WPG based on what they have under ground and what they have in infrastructure should be worth 200 million plus as I type.
The facts:
The JV alone should be worth 50 mill based on what they have encountered so far.
- Infrastructure 70 million
- Mineable resource 280 mill
- 3rd mine 960 mill in ground resource.
- 50k producer to 70k next year.
- 122 mill in revenue at current aud price.
When we do a peer comparison, MOY and RMS Dwarf WPG and yet, WPG are producing gold at around 1000 oz a week maybe a touch more.
Thats 500k profit a week.... 500k profit a week!! ... (GaSp)
To put it into perspective on how cheap WPG is, would u buy a business for 50 million if its netting 25 million a year?.. Your answer is, YES.
We also have the technical side of things.
It hasn't held 10 cents for more than 3 days in the past 5 years. 5 Years of sleeping means the upward thrust from here should be HUGE!
A great example of how powerful a move ensues when such a technical level is breached and held is RMS.
RMS for a very long time struggled to break above 15 cents BUT, when 15 cents was passed and held, the move was epic! I expect the same with WPG when 10 cents is breached and held.
To add a little more, there isn't a gold stock on the ASX that even comes close to WPG in that this is so far undervalued imo.
Time is the only thing holding WPG back from getting into the 30's IMO.
WPG based on what they have under ground and what they have in...
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