i can't for the life of me understand how WSA can be worth 5x the value of MCR or PAN. it still has not produced a profit and sure i know it has high grade and is a lower cost producer....but it is not yet PROVEN how profitable they will be. Atleast MCR and PAN are proven performers over the last several years....increased earnings and dividends.......sure it may command a PREMIUM but to value it at 1.2 Billion while MCR and PAN are valued at 230Million with 120 Million in CASH is beyond me.......'
I stll say they(MCR and PAN) should do a share buyback of 15-25% of the register......they are decreasing costs and while the NICKEL price may show some weakness in the short term I don't buy it over the next 2- 3 years.......aat these low nickel prices a hell of alot of producers are going to shut down.....SUpply SIde will be decimated.
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i can't for the life of me understand how WSA can be worth 5x...
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