WGX 1.08% $2.80 westgold resources limited.

Cant understand why SP going up when the FY profit only $15.7m....

  1. 303 Posts.
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    Cant understand why SP going up when the FY profit only $15.7m. Take out the Cannon mine profits and there would be no profit. Cannon was mined on costs and then 50% of profits ... which were about $15m each for SAU and WGX. Also one cant understate the value of the high grade ore WGX received from Cannon to blend with its low grade ore to make their SKO plant viable (invisible earnings ?) Dare I say again, Cannon UG is VIP for both SAU and WGX.
 
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