Looks like enough earnings now to pay for the refurbishment cost of the newly purchased south plant at Murchison. Both plants then will run at full capacity, with a very substantial cut in haulage costs from mine to plant. Process 2m tons + of ore p.a. between them. Plants bought cheaply. The economics of Big Bell were quite OK but now it looks much better. The lower the cost per ton the safer the economics of the operation is.
Know some people who are tipping a spike in the gold price when the deep state funded and staged ANTIFA communist faction riots occur in US in a couple of days time. WGX has just dipped due to gold price dip, but it is hedged. Working in an operation with no debt expanding like this looks one of the safer jobs around in WA just now. If Trumpie has a shot at North Korea, as US might feel they have to do, watch the price of gold go Formula 5000.
Looks like enough earnings now to pay for the refurbishment cost...
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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 |
