had a look at WSA vs MCR which has had a good run of late.
WSA spinning off $120m in cash for FY2020 and $145 cash at bank. NPAT $31.9m, sales up over FY2019, 20% stake in Panoramic bought for a song, a stake in St George getting great exploration results, Odysseus getting close. Market cap $629m. Extra expenditure on Odysses to come, but extremely well managed company.
MCR, strong deposit and drilling results, not in production and not particularly close from what I can find. $45m cash and a bit of expense to come in establishing mining, market cap $391m. 62% of WSA MC, go figure...
Topping up WSA at these prices for a long term hold is great buying IMO. Doubt we will see this under $2 again in this cycle, unless the whole market collapses.
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had a look at WSA vs MCR which has had a good run of late. WSA...
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