RE:Latest WDO presentationThe increased emphasis on Eagle was notable. If we can open a stope or two, on the east side of the mine, production has a lot of room to increase. According to Middlemiss, the main bottleneck is getting the ore to the shaft. a couple of conference calls ago, he said Eagle only skips ore on the night shift. Because all 3 production stopes are far west (and the shaft is on the east side of the mine), the transit west -> east is what is clogging stuff up. Hence the search for eastern extentions of the 300 and 7 seams. Note that the (old) 8 seam was continuous east-to-west; that's how the shaft ended up on the east side in the first place. So that's why there's all the interest in drilling at Eagle; two new stopes and we're over 100k ounces/year in weeks.
Those metrics that claim WDO is overpriced would value every explorer at less than zero. WDO's reported net earnings are small,precisely because most of earnings goes into exploring and re-opening Kiena. It's OK, shorts are good IMO. They keep bulls on their toes, and (mixed in with endless bullshirt) sometimes make points worth considering.
IMO, the key WDO metric is this: can WDO continue significant growth without outside money (aka, share dilution). And on that metric, we are doing quite well. The rest is just noise.