WSA
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0.00% $3.86 western areas limited

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  1. georisk
    1,324 Posts.
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    05/07/05
    07:30
    Post #: 971810
    They only converted 83% of T1 and T2 into reserves, plus 94% recovery expected, so:

    43,000*0.83*0.94*20,000 = A$671M

    Still bloody good. Lets hope the Ni price stays up.

    WSA have forward sold some T1 Ni at around $17,000
    WSA Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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