Hi all,
Read an encouraging report from Macquarie looking at the impacts of higher energy prices on the resources sector.
Their view is companies with a competitive advantage in relation to spiralling energy costs included the high grade underground nickel sulfide miners, whose operations are less diesel and power intensive - such as Western Areas,Independence, Mincor or Sally Malay.
They had a outperform rating and Price target on WSA of $12.00.
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