GWR have a gold resource of 258000 oz at Wiluna refer their Dec 15 quarterly.
On to days gold price in excess of Aus $1700 per oz and say net profit after mining and processing is $600 per oz on 80% recovery this equates to $ 123 million to a company that has $11 mil in the bank and 258 mil shares on issue and trades at 3.5 cents for a total company cap of $7.7 mil. What is wrong with this company.
Gold resource of 258000 oz
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