WSA 1.65% $2.39 western areas limited

streeter buys some

  1. 25,572 Posts.
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    So I decided to buy some to today after seeing the announcement
    Would love to know what they expect their profit to be I was guessing on $3 a pound profit, per pound of Ni (US $660 a ton profit) on $7 a pound sale price for Ni.
    So US$660 * say 10,000 TPA = US$66M per annum or around A$90M

    450M/90M = about a PE of 5 for first full years production and not takening into $200M in financed notes or the positive of around $80M in the bank.
 
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