They made the point that WSA was a good stock because of
Strong cash position Low cost producer Great management
Also to, all base metals have been sold off but Ni was the first to go and has dived to levels that cannot be sustained or at least in medium term. As supply is cut and inventory levels start to fall the price of Ni will rise although not rocket back to $10/lb or anything. prob $6lb to $7lb
I am unsure about mine life. Do we have 10 years. 15 years??? That is what I am unsure about. Anyone know.
Also too, that whole area is producing great grades wherever they drill. i am really confident that they will find another long life deposit in the next year.
Growth will be back, may take some time though, but when it does WSA will be back above $10 in no time
Just got to ride out the short term pain I guess
WSA Price at posting:
$3.19 Sentiment: LT Buy Disclosure: Held