Wesdome Gold Mines Ltd T.WDO

Reserves & Resources - Comments

[snowshoedb]

I've read the news release and I'd like to hear other peoples on the update.

1) Grades increased on reserved but ounces have fallen. They didn't replace reserves with all their drilling

2) Grade increased on resorurces and theri was a modest increase in ounces. 

I'm surprised that their wasn't more gold ounces in the report. The production was very low in 2022... So the ounces taken out of the ground were minimal. We have big drilling budgets at both properties. Mining was curtailed at both properties but drilling has progressed largely to plan. Why are the results minor at best?

Why did the market embrace the stock this morning? I was expecting the price to fall.

[wafertechian]

May i suggest that the market has already discounted all the bad news coming out from this company?  That along with the price of gold this mourning, this move in WDO does not surprise me in the least.  Been in this company for 10+ years and still holding on to my shares. Actually come to think of it, I think I was the one who pretty much started this board years ago when the stock was

[bossu]

Just showing that, as a 10 years  WDO investor ,you ''must''have been playing the game. I dont want to beat your investment time  in Kiena but 10 years ago  I  already had been a 33 years or so a  shareholder  in  Kiena and invested at the time Falconbridge decided to built the mill. I made some very good investment at this time and still playing

[wafertechian]

Hold your shares is good advice.  Another note to add here is the GSHR shares that we own. The MRE is going to come out in April...word on the street it could be 6mm ounces. If so, we are looking at a 5-10 bagger with gold at our back.  Just say'n

[GoldBandit]

In my humble opinion a number of things affected the share price today. I'll list a few. 1) In reference to the grades and proven & probable resources, I read this today. "According to Wesdome, the reserves and resource estimates at both sites reflect higher cut-off grades, reduced exploration budget in the second half of 2022, a higher allocation towards definition and infill

[bossu]

Absolutely d'ont agree with your point number 3  A 2000 tons per day is not for 2024 but most probably for 2025  So just assume a 1000 tons/day for a 100 000 oz in 2024 and 2000 tons per day in 2025 Of course it's pretty far away but I will have plenty of time to trade WDO frquently ! Buy low and sell a little higher assuming variation in the gold price and drilling results all