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clock Created with Sketch. 28/05/18
18:45
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Originally posted by brianchu82
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Interesting that out of all the mid-tiers listed on the ASX (with annual production of over 200koz), Westgold is by far the most unloved of them all. They are producing 280-300koz out of 3 mine projects (Central Murchison, Higginsville and Fortnum), with reserves of 3.4Moz and over 15Moz of resources. The Big Bell mine will also be producing later this year, with a potential of bringing annual production approaching 400koz. The market capitalisation at current price is around $650m, compared to others such as Resolute Mining ($~850m), St Barbara ($2.3b), Regis Resources ($2.4b) and Perseus Mining ($450m). All the producing mines are based in Australia, which is considered a low sovereign risk nation.
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Yes but now they have a coop going with nearby Musgrave who have from recall some good ground only 40k away. WGX can't let this go by with their asic. Hopefully good all round.
(20min delay)