some good signs.

I've been accumulating at these prices for the three main reasons:

1. Indonesia tipped to ban exporting pig iron nickel to China. This could put dent in the stockpile.

2. The Company remains the lowest cash cost nickel producer in Australia with the highest grade mines. It remains on track to produce around 25,500t of nickel in concentrate this year, which represents a near threefold increase over the past five years. (From Chairmans letter, 5/4)

3. "And, get ready for the upside because when the nickel prices do recover and they will recover, there will be a huge resurgence in profitability in West Australian miners and certainly in our projects." David Singleton.

All bodes well for the future of WSA.