The best way to play it is have WTP shares & FMG shares, cause Watpac get paid to do it, Fortescue just get half the income of BCI to facilitate transport - way better result than owning BCI. Expect to see a lot more news coming out of the west for WTP as more & more resource projects get the go ahead. Look at the history of WTP, they start in a new sector, do a great job (usually below budget & ahead of schedule) & thus secure a great reputation in a small close knit world of high quality clients. With the property write downs behind it, commercial property values heading up, schools program mid way through, a billion dollar order book & now mining service sector firing, the year end result will be a corker. That means big dividend which equates to lots more shares if you elect the DRP. It just doesn't get any better.
WTP Price at posting:
$1.49 Sentiment: ST Buy Disclosure: Held