I think WGX being a higher cost gold producer in Australia works against it in an environment of negative gold sentiment, which I'd argue is the case right now.
That said, with $A selling off, oil prices up, US inflation rising and global gold production falling makes me think that the A$ gold prices are at or near their lows.
So with WGX trading at and EV of ~$A50 per measured and indicated ounce seems decent value when compared to AU miners of similar size.
Where have all the buyers gone?, page-5
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Last
$2.86 |
Change
0.050(1.78%) |
Mkt cap ! $2.527B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.87 | $2.78 | $13.35M | 4.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 72565 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 17255 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WGX (ASX) Chart |
