WSA's Forrestania mines has suffered from higher cost and lower production at the end of their life cycle. However, it's now all about the new Cosmos mine with 10 years' life and their 20% PAN holding. Please do more fundamental research on WSA other than just looking at the price chart.
Also, similar things may happen to Nova when we get closer to the remaining 5.5 years. In fact, our production has started decreasing year on year. Peter is doing his best to protect all the long term shareholders in my opinion.
As he said in the conference call, they are looking to build a Nickel Sulfate plant with 10 years' sulphide reserve. The profit margin would be higher with a premium on top of LME Nickel.
There will be a lot of short term fluctuation and I am ready for it.
All in my honest opinion and please do your own research.
IGO Price at posting:
$9.49 Sentiment: Buy Disclosure: Held
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