WMC 0.00% 20.5¢ wiluna mining corporation limited.

DYOR My target for this stock is $0.50 post quarterly...

  1. 92 Posts.
    DYOR

    My target for this stock is $0.50 post quarterly update/announcement.

    I made a simple math based on the info provided in the presentations and previous announcements.
    AISC $1,058/oz
    POG $1,650/oz
    Gross Profit per oz - $592

    Estimated production for Sep 17 will be significantly higher than Jun 17(15,720).
    Let's say a 15% increase in production results in total gold produced (oz) 18,078 in sept quarter.

    The gross profit is approx $10,702,176
    Lets say Operating Costs of $12,000,000 per year.
    The net profit per year in the range of $30Mil

    P/E @ 10 the estimated share price should be $.87

    Catalysts
    Dated 31 Aug 2017 - Funding facility of $72 Mil is secured for expansion from The Australian Special Opportunity Fund, a New York-based institutional investor, managed by The Lind Partners

    June 17 Qtr production is 15720 oz and the company has high grade stockpiles targeted for Sept 17 quarter production.

    Stripping ratio is almost halfed from 14:1 to 7:1 reducing costs incurred per ounce

    Average grade is increasing from 1.4 g/t Au to 3.0 g/t Au


    I am happy to receive any comments.
 
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