It's not that great a cash drain, thirteen-dollar silver is not helping of course but they're at about 2m ozs/yr now and on the way to 3m/yr, plus credits, when metals prices recover they'll do well ... as for fixing up the other shaft and general development, they've already laid out the majority of expenses, haven't they ... not right up to date on fine detail, but imho the crunch point is quite comfortably far away considering their cash position, of course they have to execute well to make it, but that is always the case
Trouble with wgi/wgw is fuel prices, maybe grade/recovery concerns, plus possible political risk being in the US, and especially California [? - whatever happened to that mining bill] ... large low-grade open-pit, has leverage either way, big reward if/when things work out, big risk when/if they don't ... it's not very far up on my list right now actually, and not up to date on it either, but there are fond memories because it treated me well, plus that's definitely good management, eventually somewhere somehow they will do well |
