Westgold Resources Ord Shs WGXRF

The knowledge of Westgold

[Rainman01]

If you want to post numbers for Westgold make sure you have the correct information first. Westgold Aisc is 2000 Australian and gold today in Australia is 3800 . So that's 1800 dollars Australian profit. Our Aisc is gradually going down also with higher grades from Beta Hunt. Also the combined duplicate management savings is huge especially the KRR board was paid very well and they are mostly gone. We have over a thousand workers not contractors and that saves millions per year. Also we are unhedged and that means we are going to benefit the most from rising gold prices. I don't need to do the math for you to see what kind money we will make do I.

[Rainman01]

Actually gold is $3883.00 Australian. 

[Heartbrker]

Thanks for the knowledge! Good to know it. I'm in with this more share now

[Rainman01]

We should be roughly 1 dollar per 100 thousand Oz produced if our aisc is inline and ours is. We have a expenditures of 238 million but that is to elevate Westgold to 450 thousand Oz. Next step is to go to 500 thousand Oz per year maybe 2 years away. We have a 50 million dollar budget for drilling and 19 drilling riggs owned by Westgold turning right now and it will probably bring in 1 million Oz