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$3.86 western areas limited

it's going lower grade? man that's not too good!...

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Xterrorsinx

59 Posts.

10

01/09/19

21:25

Post #: 40268921
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Originally posted by entropylord: ↑

Nicholas,

LOL, not forgotten about leverage, the discussion started talking resources vs mc.

Not sure history defines the future, and if it does a 5 year rear view doesn’t even cover a nickel cycle, just the last low. Yes of course you want to be in WSA over such a period. However we are moving into a different part of the cycle and companies and mines don’t stay the same.

WSA is now going to lower grades and deeper, MCR is acquiring higher grade opportunities and PAN is getting a new broom.

You certainly get better leverage at WSA vs IGO, one of the main reasons I am here. I don’t think any mine is as safe as a house.

EL

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it's going lower grade? man that's not too good! I'm still heavily invested in wsa

WSA Price at posting: $2.48 Sentiment: Buy Disclosure: Held
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