WDR
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0.00% 14.5¢ western desert resources limited

I did the calculation and assumed WDR could make a profit of...

  1. NTgeo
    111 Posts.
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    02/09/14
    11:35
    Post #: 13910265
    I did the calculation and assumed WDR could make a profit of $20/tonne. I agree with what you have said and have recently sold all of my holding as I feel WDR's problems are terminal and cannot see how it can survive at these lower IO prices. I suspect that they are high-grading the AREA F reserve to keep the grade close to 62% and this will affect the ore reserve in the future. All my own opinion - DYOR
    WDR Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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