I wouldn't say i follow wsa super close, but when it dipped to...

I wouldn't say i follow wsa super close, but when it dipped to $2 recently that was a good opportunity. Even now its only 10% higher. I was re acquainting myself with SIR's 2012 announcements and LEG 2018/19 announcements and comparing to ESR (could be a company maker, were going to find out soon i guess) over the weekend and realised that WSA is often forgotten with all the hype around at the moment. WSA seems to be able to find these good deposits. They also did a good thing buying 20% of PAN but their cost of production is a little on the high side but they are exploring and could boost reserves further extending mine life considerably which would reduce their cost of production. But the cash on the balance sheet along with a lot of the gold miners make them like buffet value plays at the moment. Gold miners produce gaap accounting and this means they amotise their capital costs over mine life leading to non cash items increasing the aisc. If you strip these out their cash costs are much lower, half the s&p doesn't use gaap anymore that's all i was saying there. If Ni every say hit $20k on the lme then WSA would have to be worth $20.