WSA 0.00% $3.86 western areas limited

https://www.theguardian.com/world/2019/jul/19/guatemala-fenix-nic...

  1. 59 Posts.
    lightbulb Created with Sketch. 10
    https://www.theguardian.com/world/2019/jul/19/guatemala-fenix-nickel-mine-consultation-solway-group

    Now another 20k/PA supply is off the market. 1.5 years to complete the LME reserves. Nothing more affirmed than before. Even at 13kUSD/Tonne, WSA should be worth 3AUD. Despite the slight correction of Nickel price to 14600/Tonne, it is still a good opportunity for this long term play.
    Their Oddyseus is not producing nickel yet. When it comes on line, it means 13k Tonne of nickel coming into play. They have invested 300M AUD into this. Return is not felt yet as not yet producing. Just 200m AUD more investment to get it going and we will see potentially 57M extra free cash flow/PA based on current price. No idea? 57m for P/E ratio of 10 will be additional RM 2.50/share value added. Dayummmm.
 
watchlist Created with Sketch. Add WSA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.