RE:RE:More GOOD News TODAYReminds me of Newmarket/KL, 2016-2017; WDO is having tremendous good fortune*. One good exploration result after another, at more than one mine. Just crushing it, at both Kiena and Eagle, not to mention Moss Lake and even Mishi.
That last Eagle Zone 7 sill drift - a drift that will be in production soon - averages 30.5 g/t, at 146m in strike and 2.61m true width. Zone 7 is getting longer in strike, and richer, as it goes deeper. And Zone 7 is not even the richest lens at Eagle; that would be Zone300/303, at 50.5 g/t, 20.1m strike, 8.6m true width; aka "the jewelry box". This is all relatively-new, BTW; the 300 Zone only got started in mid 2017.
The sole negative I can come up with is Eagle hasn't yet found faces 4 & 5, to the east, to relieve their production bottleneck. Note, however, that WDO just added more drills at Eagle: now 6 (Kiena has 4); 4 underground and 2 surface*. If/when WDO can document that 7 & 300 continue, east of that diabase, Eagle will be on the path to 100k/oz year.
Middlemiss made an offhand comment, in Q3 conf call, that if VC was rich enough (and in particular was an up-plunge continuation of Deep A), that re-start drifting to it might take as little as 6 weeks. Mining is always risky, but strong cash flow from Kiena sounding more likely and sooner. Consider what a strong cash flow from Kiena, rather than a Kiena exploration expense, will do to bottom line earnings. 6x? 2000 tonne/day mill, working those Deep A ore numbers.
Beyond that? 1) The rest of the Val d'Or land package. 7 old mines, 10 shafts, with again a 2000 tpd mill to get things started. "This rare combination of modern, fully permitted infrastructure and extensive contiguous property ownership in a proven, world class gold mining camp resulted from a decades long consolidation effort." 2) John Tuzamos continually refers to Moss Lake. WDO treats Moss Lake as a big optionality to higher gold prices, but keep in mind the 2013 PEA is > 200k oz/year, 10 year mine life with 2 year capex payback..and subsequent exploration significant improved both ounces and grade (see Sept 2017 press release).
*Luck is often, but not always, a function of how much work one puts it. "It was amazing; the harder we worked, the luckier we got" - Vince Lombardi