fully valued

payments for the year will be around 90 million on top of minning cost and smelting charges this will give wsa a earning per share of around 30 to 50cents per share if the nickel price is above $10 per pound.
WSA with a pe ration of 15, the share price will be between $4.50 and $7.50 next june. If there is another large nickel correction the price will be substantially less. I think that WSA today should be valued at around $4 which is half the year at above $10 per pound and the other half allowing for a correction.