WSA western areas limited

Yes be very worried about IGO mine life, but worth being...

  1. 14,176 Posts.
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    Yes be very worried about IGO mine life, but worth being cautious about WSA mine life.

    FF looks like being dead before Odysseus produces, and Spotted Quoll not long into the Odysseus period, so production will drop, if Odysseus has to go on alone. Agree Odysseus itself has a good mine life.

    As for disregarding profit, surely you’ve got to use some such measure, perhaps free cash flow.

    Myself I am probably more weighted to reliance on the NPV of Odysseus, looking for upside from the pon and/or the prospectivity of some great ground. I also look at the cash as being reserved for the development of Odysseus. But each to their own way of looking at things with so many uncertainties.

    EL
 
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