Don't worry about the share price, it is manipulated by institutions at this moment because no news will come out in April. This is good time for them to accumulate and trade it. From May to July we an see seval milestons will be achieved, we will never see the share price at this level again.
1. Hawks Nest project mining approval from goverment (Hawke Report), It should come out in June, I put 70% chance. This approval will bring WPG share price up at least 100%, that means at least $1.50, IMO. because JORC resources including 18.4 mt [email protected]%, 569 mt magnetite@35%, 102 mt haematite [email protected]%. Exploration targets in addition to above is 2,190mt-2570mt @ 22-43%, watch the space. $45 million dollars JV with Chinese company WISCO still need goverment approval.
2. PB project MARP approval. (Between May and July) JORC resource 19.2 mt@64%. Once approved, productin will start after 6-7 months. Broker valution around $1.80 mainly based on this project.
3. Port Pirie Development Application approval. (Between May and July). Export shipping will start about 9-10 months after approval.
4.Penrhyn coal project. Drilling will finish in early May. JORC resource may come out in June or July. >200mt expected.
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