Oversold

I expect a solid move higher in the coming months.
Glencore expects the Nickel price to track higher.

http://www.mining.com/glencore-sees-zinc-nickel-copper-price-rally-continuing/

With this the financial position of WSA is expected to significantly improve.

They have weathered the storm nicely, reduced costs/lb and purchased cosmos for a song.
In a great position to capitalize and produce strong cashflow and dividends going forward.

BUY for mine

Key Metrics:
Cash at bank and receivables of A$124.7m (A$46.7m) and debt free;
Pre-financing cashflow of A$22.5m an improvement of A$42.0m versus 1HFY16
Sales revenue of A$113.4m (A$105.9m);
Average realised price of nickel increased by 16% to A$6.59/lb (A$5.70/lb);
EBITDA of A$29.4m (A$18.6m), representing an increase of 58%;
Reported Net Profit After Tax (NPAT) of A$0.5m (A$20.0m NLAT);
Unit cash cost of production A$2.44/lb (A$2.25/lb) at the lower end of FY17 guidance; and
Capital expenditure and exploration cash spend reduced by A$24.6m (Comparisons in brackets refer to the corresponding period 1HFY16)