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WPG wpg resources ltd

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Mill motor in April - EST target 60000 to 70000 ounces of gold...

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gpHiggsBoson

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20/02/18

17:10

Post #: 31196905
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Originally posted by jmb87 ↑

Interesting to have a few 'positive' people join the bandwagon after the recent announcement.

I prefer to stay as neutral as possible, given they have a mine to run and things havent been smooth sailing for the last year. As a longer term holder,we have had a number of institutions state fair value is anywhere from 11c to 15 c, then the last year of issues led to a slide from 8 c down to 1.7c.

Sure there is upside for a turn around story, but there's plenty of hurdles still to come (getting the mill motor upgrades in place, proving they can increase the average grade and access the deeps, sorting out the PYBAR dispute, lowering AISC to <$1400/ounce from the current $1700+/ounce, paying off the $20 million loan with 20% interest rate).

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Mill motor in April - EST target 60000 to 70000 ounces of gold 2018 out of the ground, so will be an improvement this year if all goes to plan. Looking at the high grades of gold we might even have a happy ending - and we all like happy endings

WPG Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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Mill motor in April - EST target 60000 to 70000 ounces of gold...

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