Now that the Westgold options have expired, the company should comfortably sail over $2 over the next 2 months, conditional on the June quarterly containing nothing that is nasty. I have been reviewing more closely the company's mining and processing as I have started collecting these data and including these in my analysis. The company's processing plant capacities are average and may benefit from larger mills to take advantage of the economies of scale. But given they have come off a rather long period of substantial maintenance and expansion, they may be best to take a breather on large spends and let the results flow through.
The sale of the Higginsville and South Kalgoorlie Operations looked like pretty good recycling of capital. All eyes now on the Big Bell mine to see how that delivers.
The ugly duckling may well be turning into a swan, the junk yard dog may turn out to be a prized husky.
WGX Price at posting:
$1.84 Sentiment: Buy Disclosure: Held
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