i think we will just continue to slowly step up i believe WPG is a good 5 year hold & thats my plan & i will tell you why.
WPG is now going to start up at 5mtpa with exploration upside WPG is a billion monster in the making.
AGO after 5 years is only shipping 6mtpa compared to WPG start up of 5mtpa
http://www.atlasiron.com.au/IRM/content/company_growth.html
it has taken AGO over 3 years of production to get to 6 mtpa
we all want to see the sp up around $1.20 plus but if we all be patient & not sell out to trade the latest runners then we will be rewarded big time.
after first 3 years production
AGO atm 6mtpa cash $300m BUT now has 815m shares after issuing 265m for giralia t/o current sp...$3.91
WPG 5mtpa cash $600m(2014) 247m? shares sp $0.89,valuation $2.44
so double the cash of AGO come 2014 with 70% less shares!
so if AGO is worth $3.91 now you can see what WPG should be worth now & by 2014
in 12 months time we will all be laughing...
my predictions for the future
xmas 2011...$1.80
first ore shipped 2012 $3.00
2013...$4.50-$6.00
2014...$7.80+ x2 of AGO
WPG v AGO 5mtpa v 6mtpa,247m shares v 815m shares,cash 600m v 300m(after 3 years production),sp $0.89 v $3.91...
so either we are seriously undervalued or AGO has been pumped to the max.
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- wpg $600m cash,ago only $300m
wpg $600m cash,ago only $300m
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