WSA 0.00% $3.86 western areas limited

Ann: New World Metals Conference Presentation, page-15

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  1. 80 Posts.
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    Hi @Lord Bell - is the $16 fair value target you're quoting the SimplyWallStreet number? A bit off-topic, but if so, I'd caution against relying on this.

    If you understand what that website is, and how they generate their web articles, you'll understand why that figure isn't very reliable in this context. If I understand correctly, they are basically using a software API script to pull financial information from a data provider and then automatically plugging that data into another standard model to spit out a number. It might work for companies with more predictable cash flows but I don't think it's very relevant for mining. In this context I think it's just meaningless noise. If I'm wrong and WSA goes to $16, I will definitely be happy and buy you a beer (or 100).
 
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