RE:WesdomeAnother thing not to forget is the production a Eagle River where WDO has produced 21 396 oz in the Q1 2020 .The grade there is excellent and resources improving each year .
So we may expect next year a production of 85 000 oz at Eagle River and 85 000 oz at Kiena for a total of 170 000 oz plus a small amount at the the Mishi deposit.
No debt and lower AISC to generate a very good cash flow.
Indeed avery good bet in investing in WDO
arh0070 wrote: I was just cruising around and found Wesdome .After some research decided to buy some .
What appealed to me was the way management executes.
The way that Kiena is expanding as a high grade deposit and will start mining this year,they are funding this mine out of cash flow for an relatively small amount with incredible economics. .It is on trend with the Macssa mine owned of course by Kirkland lake .
The fact that this mine was bought for 5 million ,what a steal.
If this high grade zone expands further ,we might have another Mcassa mine or even another Fosterville.Might perhaps attract attention from KL as a takeover target .
The POG is also rising .Seems like a good spec to me .ARH