$30 Million now in contracts, solid effort don't get me wrong.
With Margins of between 8% - 12% in these tough market conditions in WA to keep the lights on and keep persons directly employed & Sub-Contractors on the go.
This equates to around $3 Million in Profit for those contracts over approximately the next 12 months.
WSI needs a Big Contract
$5 Million MC on close is perhaps what the Markets valuation is, leaving the South Australian tenements valuation as a separate entity, which is difficult to gauge. This was the only reason the SP got pumped imo, just like all the plays in the recent Paterson's Range pump
WSI Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
