RE:RE:Any good?So far Karora has been a bit of a drag on the merged entity. Q3 production was less than Q3 of 2023 and 2024 was supposed to be the ramp up year towards annual production of 200,000 oz/yr. I think pre-merger WGX shareholders have to be thinking that they overpaid when currently the Karora assets are not contributing anywhere near 50% of the production.
I'm sure the former KRR assets will eventually provide annual production of 200k oz/yr., but that still will be much less than a 50% contribution to overall production because per the latest NR Westgold NR Bramwell is quoted as saying "these two senior appointments broaden our leadership and technical capabilities and underpin our strategy to optimise and leverage our expanded asset portfolio to become a 500 – 600,000 ozpa gold producer from FY26/27 " . FY26 starts July 1 next year. If that happens, then the company is currently grossly undervalued.
I'd have to say that former KRR shareholders have lucked out a bit with this merger with Westgold.