Agreed OneJay. It just confirms my very positive view of the companies prospects and forecast earnings.
The report has a bit more info than what I've managed to find reading through WPG's public announcements.
The cash they are forecasting to generate with 100% ownership of the mill is fantastic....cash "warchest" of $32m in 2017FY and $65m in 2018FY.....for a company with a current EV of ~$55m (@7.5cps).... WOW!
IMO Veritas is being conservative with their analysis, so my view is that there is plenty of upside from their 14c target.
Bugger the gap at 7.2-7.4, I'm topping up today and taking up my full entitlement in the CR.
WPG Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held