robust scoping study supports open pit mine, page-5

Hi karicoum

Its hard to value a share like WSA because of its huge potential.

About 1 month ago I posted that I firmly believed that the share price would be around the $17 in the next two years.

This is still my opinion but we have the golden quoll who is moving thing ahead rapidly.

Excellent drilling results at dept can move the shareprice even more upwards, and ofcourse we have now an take-over premium in the share price.

If the Quoll is as good as I believe it is going to be then one of the majors will try to make a move on them, but they will wait for drilling resuls at dept.

It will be an interesting time and with heaps of drilling results coming from many different mines and explorations targets we can expect the unexpected with WSA.

So in my opinion the $16 will stand but we could get it earlier with continues good drilling results.

jojo




just one of my previous posts about the potential of WSA.
With the continues record drilling results it looks like my previous post is right on the ball.

Good luck.

jojo

wsa vs jbm ni resource (jojosydney)
Code: WSA - WESTERN AREAS NL (Google WSA) Post: 2776997 (Start of thread) Views: 75
Posted: 20/04/08 15:45 Sentiment: LT Buy Disclosure: Stock Held From: 202.7.xxx.xxx

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Hi guys,

For those who still not get my story that WSA is going to be the next JBM, I have some more info to add.

When JBM was taken over for $3.1 billion it has approx 400 Kt contained Ni in resource.

WSA has now approx 260 Kt Ni contained Ni in resource (including the recent SQ resource)

WSA is going to give us an upgrade of the Flying fox T4 deposit in the June Qtr and have a target of 50% increase of Ni resources in Flying Fox in 2008.

This would mean an increase from the Flying Fox alone of approx 50 Kt contained Ni in resource

Add this to the current 260 Kt and we have already 310 Kt.

With now 3 drilling rigs on site at SQ we could easily expect another doubling in resource imho and this would bring us close to 350 Kt of contained Ni in resource.

Give WSA another 12 to 18 months and imho we will have the same amount of Ni contained in resource as JBM has when it was taken over by Xtrata for $3.1 billion.

WSA has now a Mcap of $1.3 billion

If the Ni price keeps strong in the next few years and WSA keeps adding to their Ni resource I can see the shareprice to increase in the next two years by $10 to approx $17

Do your own research and you will see that we have still a lot of upside ahead of us.

And do not under estimate the fact that the Spotted Quoll has put WSA now in the spotlight and will be closely monitored by the predators.


Do your own research and remember I could be totally wrong.

jojo



28/04/08 13:13 (View) Back