GREY:GRFJF - Post by User
Comment by
amarkspon Apr 23, 2008 2:39am
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Post# 14999464
RE: WGI
RE: WGIDon't get your hopes up in regard to 1Q08 numbers. WGI has already given guidance that it will have a loss for 1Q08 as production below 15K ounces is not sufficient to cover its costs. That should change in 2Q08.
More important will be the guidance WGI gives for 2Q08 when it announces 1Q08 results. If WGI is on target still for 45K ounces in 2Q08, then WGI should show a profit and announce commercial production reached. Then WGI will start trading much higher.
Higher oil prices will hurt somewhat from the cost side, but price of gold anywhere above $850 will be just fine.