Quick numbers reaffirm the thesis here - 800t/d processing @ Some quick numbers assuming 800 tonne per day processing capacity of 7g/t Au for 365 days per year.
800t/d at 7g/t = 5600g/day
5600g/d 28g/Oz = 200 Oz/d =~$460k USD/d
$460k x 365 = $168M USD / yr
in the near term once production resumes (planned for 2025) $WRLG could be mining 73K Oz Au in one year for revenue of $168m USD.
REMINDER current mcap = $148M Cad
Current indicated resource is 1.7M Oz Au @ 7.4g/t = ~$3.9B USD current value
With only 800t/d mill it would take them 23 years to mine the current 1.7M Oz indicated resource =
obviously they are going to scale this operation up once into production and producing revenue.
I think the numbers speak for themselves.