But this sort of Cookie-Speak can be a complete coverup. If a company is not having free cash flow, they can always say 'oh, we are not having free cash flow ON PURPOSE; so we can have more for the future'
Their resources are over 11 million oz over 2 g/t. Their reserves are over 3 mill oz at 2.4 g/t. They own multiple plants and infastructure and their own mining services company.... all to the tune of $1.12 NTA.
They have everything in place. And what do they do. Mine for profit? Nope. They buy a bit more, sell a bit more, restructure this and restructure that. In the midwest of America we say '$hit or get off the pot'. It is now time for Cookie to do a $hit. He has goobled enought goodies to produce some free cash flow into the pot.
News: WGX Westgold Resources To Buy Andy Well And Gnaweeda Gold Projects, page-16
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