WSA - Macquarie Upgrade. Price Target $3.3 (+13-14%), page-8

great bullish run 2 to 3 then that report was a surprise on lower grades lower production but still good profits & margins.
Note NP is now 8.05 so margins for WSA increasing despite the above.

Market oversold imho
2.30-250 level showed support.
Macq boyz still bullish LT.

WSA has a massive cash pile and good margins and grades (compared to PAN MBN) but has a small mill 0.6kTpa and beholden to BHP for tolling at kambalda so far away. They need a larger closer mill and higher grades.

With NP rising and expected to boom this year with the belated N3 eclipse 7 years late, WSA is one of the stocks that Stevenson picked to benefit from a NP boom. Im sure it will.

near BUYZONE at 2.00