Articles in News today 16/02/2024.
Mercury: WES caught in Lithium Crash.
Market Index. Lithium only drag on WES results.
So when WES purchased KDR Mt Holland they acquired 100% rights to the 1,200,000 Oz gold resource with significant blue sky upside in potentially more Oz of gold.
So my basic calculation on this is;
1,200,000 MOz Gold @ $3,000/Oz = $3.6 B
1,200,000 MOz Gold @ $1,800/Oz cost = $2.16 B
Profit after costs = $1.4 BILLION !!!!!
So why ???? isn’t this being developed to offset Lithium Capex ?????? I don’t understand !
WES - Mt Holland Gold Potential, page-2
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Last
$63.62 |
Change
-0.710(1.10%) |
Mkt cap ! $71.82B | |||
| Open | High | Low | Value | Volume |
| $63.83 | $64.00 | $63.29 | $109.1M | 1.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3461 | $63.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.64 | 301 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$63.55 |
Change
-0.710 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| $63.84 | $63.96 | $63.30 | 153464 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| WES (ASX) Chart |