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Westgold Resources Ltd

www: www.westgold.com.au   email: reception@westgold.com.au
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
ASX:WGX AUD
OTCMKTS:WTGRF USD

Description

Westgold Resources Ltd are a gold focused mid-tier producer with one producing mine in Australia and three exploration properties. Currently they produce roughly 300koz. of gold per year. They have approximately 11Moz. of gold in the reserves and resources category of which 7Moz. are in the measured and indicated category. They have a market capitalisation of ~A$721.28M which is a rise of roughly 93% over the last eleven months. As of 02/17/2019 they have ~A$21M debt and ~A$50M cash. They have 389M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/17/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $374.19M $721.28M 02/17/2019 $347.08M
Total Assets: $473.98M $456.81M 02/17/2019 $-17.17M
Total Liabilities: $185.47M $178.75M 02/17/2019 $-6.72M
Current Assets: $110.86M $106.84M 02/17/2019 $-4.02M
Current Liabilities: $90.25M $86.98M 02/17/2019 $-3.27M
Total Debt: $22.03M $21.23M 02/17/2019 $-0.80M
Cash: $51.87M $50.00M 02/17/2019 $-1.88M
Enterprise Value: $344.35M $692.52M 12/12/1991 $348.17M
Cash Flow: $14.95M $69.38M never $54.43M
Cash Flow Multiple: 25.03 10.40 never -14.63
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 02/17/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/17/2019 0.00%
Misc 02/17/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 389,000,000 389,000,000 02/17/2019 0
Shares (FD): 466,000,000 466,000,000 02/17/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 02/17/2019 n/a
Production (Gold Eq Oz.): (guess) 
300,000		 (guess) 
300,000		 02/17/2019 0
Production (Silver Eq Oz.): (guess) 
25,149,746		 (guess) 
26,064,871		 02/17/2019 915,125
Initial CapEx (Outstanding): n/a n/a 02/17/2019 n/a
Funding Option: n/a n/a 02/17/2019 n/a
Documentation: none PRODUCER 02/17/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 02/17/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 3.00M 3.00M 02/17/2019 0.00M
Measured & Indicated: 7.00M 7.00M 02/17/2019 0.00M
Inferred: 4.00M 4.00M 02/17/2019 0.00M
Reserves & Resources: 11.00M 11.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 2.70M 2.70M 02/17/2019 0.00M
Measured & Indicated: 5.58M 5.58M 02/17/2019 0.00M
Inferred: 1.80M 1.80M 02/17/2019 0.00M
Reserves & Resources: 7.38M 7.38M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
300,000oz.		 (guess) 
300,000oz.		 02/17/2019 0oz.
Cash Cost: $900 $900 02/17/2019 $0.00
Extra Operating Cost: $350 $350 02/17/2019 $0.00
Average Grade: 2.00 g/t 2.00 g/t 02/17/2019 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 02/17/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: 7.00M 7.00M 02/17/2019 0.00M
Annual Production: 350,000oz. 350,000oz. 02/17/2019 0oz.
Cash Cost: $850 $850 02/17/2019 $0
Extra Operating Cost: $400 $400 02/17/2019 $0
SILVER 02/17/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 02/17/2019 0.00M
Measured & Indicated: n/a n/a 02/17/2019 0.00M
Inferred: n/a n/a 02/17/2019 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 02/17/2019 0.00M
Measured & Indicated: n/a n/a 02/17/2019 0.00M
Inferred: n/a n/a 02/17/2019 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/17/2019 $0.00
Extra Operating Cost: n/a n/a 02/17/2019 $0.00
Average Grade: n/a n/a 02/17/2019 n/a
Recovery Rate: n/a n/a 02/17/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/17/2019 0.00M
Annual Production: n/a n/a 02/17/2019 n/a
Cash Cost: n/a n/a 02/17/2019 n/a
Extra Operating Cost: n/a n/a 02/17/2019 n/a

Property

Last Analysis Data  (02/17/2019)
Stage Location Name Owned Type Au Ag Cu Notes
Production Australia, Australia Meekatharra 100% (guess) n/a show
130,000 oz of production in 2018.
Exploration Australia, Australia Central Murchison 100% (guess) n/a show
Planned 100,000 oz of annual production.
Exploration Australia, Australia Fortnum 100% (guess) n/a show
Production scheduled for 2017.

70,000 oz per year.
Exploration Australia, Australia Higginsville 100% (guess) n/a show
1.2 million oz deposit.
Current Data
Stage Location Name Owned Type Au Ag Cu Notes
Production Australia, Australia Meekatharra 100% (guess) n/a show
130,000 oz of production in 2018.
Exploration Australia, Australia Central Murchison 100% (guess) n/a show
Planned 100,000 oz of annual production.
Exploration Australia, Australia Fortnum 100% (guess) n/a show
Production scheduled for 2017.

70,000 oz per year.
Exploration Australia, Australia Higginsville 100% (guess) n/a show
1.2 million oz deposit.

Profitability (by resource)

Proven &
Probable		 02/17/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 9.15M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.70M 2.70M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 8.24M
Maximum Profit (Gold): $134.57M $624.46M n/a $489.89M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $134.57M $624.46M n/a $489.89M
Max Profit / Current MCap: 0.360 0.866 n/a 0.506
Max Profit Per Share (Gold): $0.29 $1.34 n/a $1.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.29 $1.34 n/a $1.05
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $138.59 $267.14 n/a $128.55
FD Mkt. Cap / Silver Eq.: $1.65 $3.07 n/a $1.42
FD Mkt. Cap / Per Metal
as % Spot Price:		 10.49% 16.90% n/a 6.41%
Measured &
Indicated		 02/17/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 7.00M 7.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 21.35M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.58M 5.58M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 17.02M
Maximum Profit (Gold): $278.11M $1,290.54M n/a $1,012.44M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $278.11M $1,290.54M n/a $1,012.44M
Max Profit / Current MCap: 0.743 1.789 n/a 1.046
Max Profit Per Share (Gold): $0.60 $2.77 n/a $2.17
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.60 $2.77 n/a $2.17
Total Free Profit Per Share: $0.00 $0.51 n/a $0.51
FD Mkt. Cap / Gold Eq.: $67.06 $129.26 n/a $62.20
FD Mkt. Cap / Silver Eq.: $0.80 $1.49 n/a $0.69
FD Mkt. Cap / Per Metal
as % Spot Price:		 5.08% 8.18% n/a 3.10%

Reserves &
Resources		 02/17/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 11.00M 11.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 33.55M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 7.38M 7.38M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 22.51M
Maximum Profit (Gold): $367.82M $1,706.85M n/a $1,339.03M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $367.82M $1,706.85M n/a $1,339.03M
Max Profit / Current MCap: 0.983 2.366 n/a 1.383
Max Profit Per Share (Gold): $0.79 $3.66 n/a $2.87
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.79 $3.66 n/a $2.87
Total Free Profit Per Share: $0.00 $1.40 n/a $1.40
FD Mkt. Cap / Gold Eq.: $50.70 $97.73 n/a $47.03
FD Mkt. Cap / Silver Eq.: $0.60 $1.12 n/a $0.52
FD Mkt. Cap / Per Metal
as % Spot Price:		 3.84% 6.18% n/a 2.35%

Future Valuation (Cash Flow & Totals)

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