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$3.86 western areas limited

Ann: Quarterly Activities Report, page-7

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CashedUpBogun

8,328 Posts.

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28/01/20

13:31

Post #: 42601459
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Originally posted by entropylord: ↑

Happydad,

I’ve not been through it in detail yet but think you need to consider two other things. On the one hand the high inventory position at the end of the quarter, but on the other hand the pon has fallen quite a bit since, and could fall further.

I prefer to see WSA for it’s potential for a decade or so a few years out, rather than to view it for it’s current rather mediocre cash generation.

Still waiting for a better top up opportunity.

EL

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I agree @entropylord - however I am concerned such valuable high-grade ore reserves are getting depleted during a low NP environment - making money but could be making more when the sun starts shining. Exploration success appears to have been a long time in the past - nickel is notoriously difficult to find I guess.

WSA Price at posting: $2.62 Sentiment: Hold Disclosure: Held
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0 Great analysis

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