WSA
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0.00% $3.86 western areas limited

please explain ?

  1. plough
    33,439 Posts.
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    22/02/13
    12:41
    Post #: 11454256
    From latest presentation
    $2.69 a # cash ocst in in concentrate
    $ 8.50 price reveived for Ni
    Margin 8.50 a # - 2.69 = $5.80 a # approx

    $5.80 a # = $12,842 a ton

    $12842.00 * 13752 tons = $176 M

    however a cashflow of only $48M reported

    The NPAT is even worse at $6.5M

    Ok maybe there is smelter charges but thats going to have to be less than $1.50 a #

    Why the big veriation between margin and cashflow?
    Is this really a low cashcost per # operation?

    WSA Price at posting: $4.32 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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