Monument Mining Ltd. V.MMY

WestGold Organic/ Inorganic Growth Plans

[nozzpack]

The Presentation associated with the recent $100 m equity raise is provided in the link below..
Some relevant observations ...
1...WestGold is more and more an underground miner at Murchison .It's UG grades are decent but below the 2 to 1 grade ratio with Open pit......hence WestGold AISC is above peer average

2...WestGold has run out of new sources of  open pit gold within its Resource borders.....Open pit gold is much cheaper to mine....it's planned expansion continues to be limited to more Underground mines which might not help the AISC.

3...MMY / ODY hold the  largest potential source of new open pit mines in the Murchison region while not a single one of its underground lodes beneath more than 2 dozen of its previously mined open pits has ever been mined .
4...At some point, push will come to shove and WG will make its move on our Murchison assets....and they are well aware of shareholders discontent...

https://www.westgold.com.au/site/PDF/b2637f80-9871-4f9e-bcb0-a5eb6dcda7c9/WGXEquityRaisePresentationASX

[Wayned52]

Thanks for posting that link to West Gold`s presentation nozzpack .  Just putting this out there . I think West Gold`s AISC is very high and will be going higher ..  They need MMY ground to get their costs down .  They say they are looking at inorganic growth in the region . They only really good ground in the region is MMY and MMY Odyssey joint venture .   I see that

[nozzpack]

That is correct.....Organic is growing existing resources...Inirganic is by acquisition

[Gazoo2021]

Great Post Nozz West Gold has a strong opportunitty to take over MMY. Certainly there is enough of us, that wants this to occur. A $.30 share hostile offer will do for me. Hope all parties hold with the upcoming share price increase. The shorts need to buy back in soon.

[nozzpack]

Shorts are minimal here. About 200,000 or so every few months...probably the MM trying to make a bit of swing dough