In my experience, it is best to look at the positives for a share, unless it is obvious its going to be a dog.
In respect to WA1, most end users of product want to have more than 1, 2 or even three suppliers, as it reduces their risk of not getting the product if a mine fails (tailings dam etc). I am sure the end users in this case would be happy to receive product from WA1 to diversify their supply.
Its also possible that some bigger players are eyeing WA1 off, but are unlikely to move until an MRE has been announced. These bigger plays (iron ore) can withstand a price war and the cost of the project. Another potential suiter may be MinRes, who are very experienced at developing remote projects and roads.
WA1 Price at posting:
$5.78 Sentiment: Hold Disclosure: Held
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