wsa must hedge aud, page-12

Agree, though anything possible in this market and selldown of commodities so strong ATM.

Not necessarily rational.

Starting to look at nickel producers and WSA is of interest given recent falls in share prices.

However, looking at falls in recent downturns going back to 70s, we could still have some way to go.

Chart 34 from the below presentation (if accurate) suggests prices could go as low as US$5500/ tonne.

Be interested in any thoughts and some insight as to what WSA's overall US$ cash cost/ tonne is currently: for each of Flying Fox and Spotted Quoll.

BUSH