SP is about to drop through 20 cents (50% discount to the recent CR price). From here it's fairly easy to imagine that a share price below 10 cents is a 'walk in the park' for WMC. More difficult to imagine that they'll achieve their 100koz per annum production target by the end of CY2022.
Perhaps the new BoD will provide some updated production guidance in the Jun'22 quarterly regarding their comments about 'resetting the mine plan' & 'a realistic executable mine plan' whilst also ensuring 'a focus on cost management'. Presumably that means there will no longer be 6 or 7 drilling rigs on site. Milan certainly had talent for spending the CR dollars while pursuing his Stage (2) dream of 200k+ oz p.a (which is now somewhere at the bottom of the WMC deep freeze at this stage, or maybe the new BoD has tossed it into the WMC dreams bin).
