Westgold fair value 2026 and 2028Hi guys,
Disclaimer - I own this - not trying to "pump it," just trying to put a value on it for within the next 12 months and before the end of 2028.
This is entirely based on their 1st October three year gold production guidance for both years, which may change.
Within 2026 - even without further gold price rises - I would expect Westgold should be valued at or around 32% more at $6.96 - let's say $7. That was just based on a gold sale price of AUD5000 (spot price is AUD5845.65 at the time of writing). Should be valued at and will be valued at are two different things, although, at the moment, it would be reasonable to expect some 'over-shoot' of its fair-value.
By 2028 I am expecting WGX to be trading around $9.96 (lets call it $10) or another 89% higher. This is based on expected production numbers less expected costs of production at AUD$5000 gold. Add (or subtract) as the spot gold price fluctuates. However, I firmly believe that there are medium term (5 to 10 year) tail-winds in place that will drive the gold price higher over time.
For me; gold is generational wealth and gold miners represent leverage on an appreciating asset class.
