RE:Crickets Kylemcc10 wrote
Has everyone jumped ship? Snooze fest in here. Lots of placements, no gold, no volume and mill is down. Or could this be a massive opportunity?
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"Or could this be a massive opportunity."
The market cap. of WGC is currently around $36 million CDN. If they can get production up to 30 000 ounces per year at costs that they predict they should be making around $32 million CDN. per year in cashflow.
Depending on how they perform we could either have a 10 bagger or lose every penny we put into this stock. Investing in these types of stocks and then waiting for what seems like forever to see whether you will be rich or broke is why these micro juniors are so much fun.
There are usually lots of problems trying to start up production for junior gold miners so whats happening now is not unusual and the Ball mill should be fixed in the next couple of weeks and hopefully they can then ramp up production.
Personally i am still holding quite a bit and may add some more.