WPG wpg resources ltd
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Sold IOH, AKI and WDR. switch to WPGWPG is a near term iron ore...

  1. JTANG
    355 Posts.
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    25/03/11
    14:21
    Post #: 8165907
    Sold IOH, AKI and WDR. switch to WPG

    WPG is a near term iron ore exporter. Most importantly, it has railway and port. FOB cost at $66 is slightly higher but still very good. Around 270m shares and options on issue??at current share price of 68 cents, it only has a market cap of 183m. With 95m cash on hand, its 3-4mtpa project is fully funded. Last cap rise was 85m at 0.68 last November. It also has 569mt of magnetite at 36% Fe as well as a clean coal project.
    http://imagesignal.comsec.com.au/asxdata/20110309/pdf/01159840.pdf
    WPG Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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