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Hardrock25

3,037 Posts.

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07/09/16

10:18

Post #: 18984243
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Originally posted by wolfofbridgest ↑

This time last year I held 425,000 BLK at an average buy price of $0.11 (and 200,000 RSG at $0.25). Sold them both (regrettably) in the early to mid-$0.20s to fund a move to Canada for reasons that I wish not to discuss.

However, in the 6 months that I have been back I have been saving and researching tirelessly to fund and find, respectively my next gold play. And WPG is it. I am now locked and loaded and all in (balls to the wall).

Why WPG:

- Arguably one of the cheapest (if not the cheapest) gold developer/producer on ASX (it's trading at 1.44 times FY17e operating profit (my estimate);
- It is a major land holder around the only operational gold plant within cooee (and it has a JV with a high quality explorer who would love to run its ore through Challenger);
- Challenger (not worth much at A$1,300 gold but worth a fortune at A$1,750);
- Excellent management (btw old mate BD thinks the Veritas Securities Report is close to the money re FY17 AISC and production (which should also continue to grow beyond 70k/pa to > 100k/pa in time)); and
- Scores well on my little gold matrix against most other ASX-listed producers.

My price target is $0.33 per share.

It's our time.

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Couldn't agree more with you! Out of curiosity whats your take on AHK? have you run a rule over those guys?

WPG Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Redemption, page-2

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Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

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