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WPG - WPG Resources

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Re: WPG - Western Plains Resources

nahman said:
This stock in 7 months has gone up 240% i kick myself for being stopped out around the 45cent mark, general upward trend check it out.
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Hi nahman, I keep kicking myself as I bought in brilliantly at 20 cents and sold out at 33 cents - what can you say. Bought back in again at $1.26 and hoping for $2, only a hope however - Good Luck
 
Re: WPG - Western Plains Resources

noirua said:
Hi nahman, I keep kicking myself as I bought in brilliantly at 20 cents and sold out at 33 cents - what can you say. Bought back in again at $1.26 and hoping for $2, only a hope however - Good Luck
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Hm hasnt stoped going up! Btw if Hawks Nest is up and running, how much would this company be worth?

thx

MS

Western Plains Resources is an Australian ASX listed mineral resources company with advanced iron ore projects located in South Australia.

The Peculiar Knob and Hawks Nest projects in the Gawler Craton contain significant deposits of iron ore. Initial resource development will be directed towards the Peculiar Knob and Buzzard haematite deposits (combined resource of 26.1 million tonnes @ 62.9% Fe) that have the potential to produce up to 3 Mt per year of direct shipping ore, for a ten year mine life.

The Hawks Nest project contains over a half a billion tonnes of magnetite, with significant exploration upside. The Company will be undertaking further exploration at Hawks Nest and is assessing a range of development alternatives.

Moving forward, the Company will leverage off its resource and operational base in South Australia to investigate other iron ore projects, with the objective of becoming a significant, profitable South Australian iron ore producer.
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Re: WPG - Western Plains Resources

Icharus said:
Capex 108 constituting 70 mill debt and future share issue 20 mill @ $1.5

Sales/t 84.45AUD FOB Whyalla (75USD/t 88.8AUD/USD)
OPex/t 55.32

OPmargin/t 29.13
2.9mtproduction

Op profit 84.47 million
interest 7.00 million
compOH 10.00
Depn 10.00
Tax 17.00

NPAT 40.million
FWD EPS 36.3cents/share
77million issued+13million options+ 20 million new issue

Icharus
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As per WPG BFS 24/9/07 production is 2.7MT'S. So NPAT = 34.65 million
FWD EPS 31.5 cents/share
@ close today of 1.71 is a p/e of 5.4!

Now thats a p/e of 5.4 if everything goes well and they get all approvals. They will get on top of their loan in first 2 years but what then? What happens if Iron Ore comes down to $60Aud.

Note the broker reports on WPG's website were written before the BFS.
 
Re: WPG - Western Plains Resources

MR. said:
As per WPG BFS 24/9/07 production is 2.7MT'S. So NPAT = 34.65 million
FWD EPS 31.5 cents/share
@ close today of 1.71 is a p/e of 5.4!

Now thats a p/e of 5.4 if everything goes well and they get all approvals. They will get on top of their loan in first 2 years but what then? What happens if Iron Ore comes down to $60Aud.

Note the broker reports on WPG's website were written before the BFS.
Click to expand...

Hi whats the mine life of WPG though?

Also whatsthe 2 yr fwd EPS?

thx

MS

Western Plains Resources (WPG) is an Australian mineral resources company with projects in South Australia and New South Wales.
 
Re: WPG - Western Plains Resources

The company presentation shows that Peculiar Knob and Hawks Nest, Buzzard and Kite deposits alone should see WPG producing an average of 3 million tonnes per annum of high grade ore out of Whyalla at least until 2018. The Buzzard deposit alone is expect to produce far more high grade iron ore and exploration on the massive reserves, about 800 million tonnes of low and high grade ore, at Hawks Nest, has hardly yet begun.
 
Re: WPG - Western Plains Resources

Despite the prospects, I'm wondering now whether WPG are going to make enough profit from Peculiar Knob with all the infrastructure costs etc., A good long term future with all the iron ore at Hawks Nest but, much of the 800 million tonnes is low grade and will be costly at the initial stages.
So I'm out. Good luck guys, hope it flys for you.
 
Re: WPG - Western Plains Resources

Western Plains Resources shares have been placed in pre-open and trading halted until Thursday.
Can't be a bid from Territory (TTY) as their shares have continued trading.
 
Re: WPG - Western Plains Resources

I like this stock. Lets hope its good news. It is very tightly held. I think it will be a good takeover target oneday. Just my opinion. Seems not many people have heard of it..

maybe its got something to do with the name.
 
Re: WPG - Western Plains Resources

noirua said:
Despite the prospects, I'm wondering now whether WPG are going to make enough profit from Peculiar Knob with all the infrastructure costs etc., A good long term future with all the iron ore at Hawks Nest but, much of the 800 million tonnes is low grade and will be costly at the initial stages.
So I'm out. Good luck guys, hope it flys for you.
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At first I felt I'd made an error in unloading WPG and after the announcement this morning I'm now feeling a lot happier. This loss of straight forward shipping out of Whyalla is quite a disaster and OneSteel hold the whip hand here.

Prospects in the longer term are still good but the shares may be deserted by the speculators.
 
Re: WPG - Western Plains Resources

i dont hold (i made a bit on these guys early in 07 as i saw the potential then but moved onto other things) but have kept my eye on these guys (and boy have they done well)

but they got fuktover by onesteel today...

Onesteel are probably looking for better $ and might get it once more miners start demanding port facility access..

We are stuck with these sorts of problems because we have had a Govt that has not wanted to spend money on infrastructure. Giving money back in tax cuts instead of using it constructively... [/rant]
 
Re: WPG - Western Plains Resources

Looks like the sellers have dried up on WPG.

Funny how everything was going well with negotiations with One Steel than all the sudden they pull the pin on Port Whyalla.

The heavy drop in SP would have been ideal for someone wanting to increase there holding as we await managements next move.

DYOR
 
Re: WPG - Western Plains Resources

Rob 17 said:
Looks like the sellers have dried up on WPG.
Funny how everything was going well with negotiations with One Steel than all the sudden they pull the pin on Port Whyalla.
The heavy drop in SP would have been ideal for someone wanting to increase there holding as we await managements next move. DYOR
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This OneSteel situation about iron ore from Hawks Nest and Peculiar Knob, goes back quite a longway. At the time Auiron Energy (now Felix Resources) owned the rights to the tenements and there were plans to build a 2.5mtpa pig iron production plant near Whyalla. OneSteel would never back the top lanced technology provided by Ausmelt as likely to be successful, and maybe they retain the negatives in their minds about success at Peculiar Knob.
 
Re: WPG - Western Plains Resources

wpg currently analysing a funding proposal recently received for their peculiar knob

pk dso jorc 19.0Mt @ 63.7% Fe, 7.5% SiO2, 0.3% Al2O3, 0.02% P, 0.5% loi

2Mtpa op - expect all necessary agreements and permits for pk to be in place by sep

2,750,000 oppies @ .237 and 3,475,000 oppies @ .337 exp 28 sep

sp currently .325

cheers :)

another quality post brought to you by happytown inc

 
Re: WPG - Western Plains Resources

Yes happytown, WPG are certainly taking the bull by the horns in the iron ore quest. About 800 million tonnes in the Hawks Nest region.
Now they're going for coal at Penryn, and this is similar to WEC's Phillipson area without the trappings of Woomera and high Sodium levels. Needs WEC's technology to fast-track this one, but wait for WEC to pile in if there's a hold-up at Phillipson.
 
Re: any thoughts

Hi guys I'm new to this, and been doing some research on wpg, i want to get in on these but wondering if i may be to late, any thoughts would be appreciated.:)

Joe Blow said:
Hi Ricko,

Welcome to ASF!

Why don't you get the ball rolling and share your thoughts about WPG with us?
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Re: any thoughts

ricko74 said:
Hi guys I'm new to this, and been doing some research on wpg, i want to get in on these but wondering if i may be to late, any thoughts would be appreciated.:)
Click to expand...
Hi gang, I just started looking at WPG, and I like to do some fundamental analyses to see if the coy is ok and then some technical to get in at the right time. So here is the little bit of research that Ive.
Let me state that Im no guru here ok these are my opinions only and please dont buy based on my research!!

Firstly the infrastructure is in place for this coy and thats a big plus for exploration coy's
well all but connection roads and haul rodes for the peculiar know and hawks nest!
Hawks nest is a joint venture with WISCO - CHINA which is a steel producer so they have a direct market for the ore.
There is quite an amount of hi grade magnetite which is I think above 53% fe.
3.3mtpa of direct shipped ore (DSO)
Market cap is $250m
They have 1billion tons of 2p reserves (probable)
3P reserves (possible) will be drilled immediately.

The things I like about this coy is most of the work to get this thing up and running is already done. The finance will be finalised in march I think?
Final approval of development and rehabilitation plans is pending in middle of march
Consrtuction starts in april
Sales begin at end of 2011.
The best thing about this coy is its resources are in Australia and it is politically stable
compared to coy's like sdl dml.
It has a rail link and port already built and theres not a lot of chance of being flooded compared to QLD and WA.

I think its a solid project and I think I want to be in before construction starts although not to soon before. If you want to know how much its worth I think the easiest way is to compare its resource reserves and proven reserves to other companies and compare their SP.

Anyway please do your own research

CHEERS
 

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