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Wesdome Gold Mines Ltd T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd. is a Canadian-focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the Kiena mine in Quebec. The Company has an exploration program both underground and on the surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Eagle River Underground Mine is located 50 kilometers west of Wawa, Ontario. The Eagle River underground mine near Wawa, Ontario is producing gold at a rate of 80,000 to 90,000 ounces per year. The Kiena Mine is located in the highly prospective Val d’Or, Quebec gold camp. The Kiena Mine is a fully permitted, integrated mining and milling infrastructure which includes a 930-meter production shaft and 2,000 tons-per-day capacity mill. The Kiena Mine Complex consists of the Kiena Mine concession, Kiena Mill, related infrastructure and equipment and land position in the Township of Dubuisson, Quebec.


TSX:WDO - Post by User

Bullboard Posts
Comment by PulpCutteron Jan 17, 2019 9:39am
124 Views
Post# 29244672

RE:RE:RE:Incredible valuation

RE:RE:RE:Incredible valuationEagle is 2nd highest-grade operating mine in Ontario, behind Macassa (#3 in Canada?)  You argue investors should consider it "low grade"?

WDO has had 1% growth in # of shares, in the 2+ years that Middlemiss has run it.  You argue we should consider this "less than Zimbabwean"? 

You claim the diff between P&P and M&I is irrelevant in valuing a mine - "neither here nor there" - yet claim you understand what the terms mean?

Yes, ER is generating $50M OCF.  Congratulations on getting a one fact right, Ace! Then you claim this OCF is disappearing into sustaining capital.  Did you somehow miss the fact that more than 1/2 of it is internally-funding the Kiena restart? 

You couldn't find the Moss Lake PEA.  It's right there on the website; click on Operations, then Technical Reports, then Moss Lake.  You don't even have to go to the sedar website.

Ready to defend your assertion that Kiena "doesn't hang together as mineable"?

I am as against share dilution as anyone I know, even the ~1% that WDO has incurred.  But options are an accepted incentive technique.  Further, WDO is raising cash so that they can internally-fund the Kiena re-start.  I 100% support their priorities, in this regard.










Bullboard Posts