"seems like a bit of a non-sense. If there is any truth to the rumours they should highly reconsider. the upside on SPR compared to any other potential stock for WGX is unmatched. A third mill and becoming a new regional hub to toll treat other smaller operations and create more synergies.:
WGX already has three mills, Bluebird , Fortnum and Tuckabianna , maybe you forgot Fortnum , you may also want to check where the Meekatharra resources are in relation to Delgeranga (SPR) compared to Fortnum .
As for stranded assets at meekatharra - depends really on cut off grade when including transport .
Personally I am pretty ambivalent to the opinions on SPR as a takeover target , apart from a lack of skill sets (easily fixed) and a little capital development SPR is plenty big enough as a standalone .
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$2.13 |
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Mkt cap ! $2.847B | |||
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