The nickel price is not doing them any favours. They have several years of drilling out a resource and trying to find high grade zones in front of them. If they keep the funds coming to do this they might benefit from the next nickel price boom. I think it will be a long term hold for shareholders and even high grade zones may not generate market interest this year.
If funds get tight they may reduce costs to just the high grade zone exploration. They may try to make existing funds last until next year.
It seems unlikely that their will be corporate activity this year given the mine closures and scaling back at BHP nickel business.
Perhaps they will pursue gold projects.
DYOR Not investment advice.
WMG Price at posting:
18.0¢ Sentiment: Hold Disclosure: Not Held
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