WPG 0.00% 1.5¢ wpg resources ltd

Agreed OneJay. It just confirms my very positive view of the...

  1. 33 Posts.
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    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.
 
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Currently unlisted public company.

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