WestGold Organic/ Inorganic Growth Plans 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