whizz21
8th-April-2005, 09:05 AM
I'd be interested to find out what people think of this upcoming IPO from Western Plains Gold?
View Full Version : WPG - WPG Resources
noirua
17th-November-2006, 01:46 PM
Western Plains Resources (WPG) is a Gold Mining Company ( formerly Western Plains Gold ) that has received shareholders approval to move into Iron Ore Mining.
http://www.westernplainsgold.com.au
WPG has acquired Southern Iron Pty., after a share issue at 20 cents per share quite recently. Southern Iron acquired, a short time before being acquired themselves, the former tenements of S.A.S.E., a 90% owned subsiduary of Felix Resources (FLX); Tenements RL 103 ( Peculiar Knob) and EL3196 (Hawks Nest), in South Australia. They paid $750,000 plus royalties ( no mention of the royalties by WPG., or by WPG or FLX as to what percentage they are ) plus a 10% interest in Southern Iron, that FLX say is now worth $450,000 ( Whether this interest has been converted into WPG shares or not isn't quite clear ).
http://www.asx.com.au/asxpdf/20061027/pdf/3z7hy6dnzhqg4.pdf
http://www.asx.com.au/asxpdf/20061019/pdf/3z28d6vn1c0p7.pdf
http://www.westernplainsgold.com.au
WPG has acquired Southern Iron Pty., after a share issue at 20 cents per share quite recently. Southern Iron acquired, a short time before being acquired themselves, the former tenements of S.A.S.E., a 90% owned subsiduary of Felix Resources (FLX); Tenements RL 103 ( Peculiar Knob) and EL3196 (Hawks Nest), in South Australia. They paid $750,000 plus royalties ( no mention of the royalties by WPG., or by WPG or FLX as to what percentage they are ) plus a 10% interest in Southern Iron, that FLX say is now worth $450,000 ( Whether this interest has been converted into WPG shares or not isn't quite clear ).
http://www.asx.com.au/asxpdf/20061027/pdf/3z7hy6dnzhqg4.pdf
http://www.asx.com.au/asxpdf/20061019/pdf/3z28d6vn1c0p7.pdf
noirua
6th-December-2006, 12:45 PM
A little bit of a belated lift to 25 cents from 18 cents and now back a little to 22.5 cents. The purchase of Felix Resources Iron Ore Tenements are taken very seriously by WPG and they expect production of 2 mtpa by early 2008.
noirua
18th-December-2006, 12:39 PM
WPG are now heavy into Iron Ore production, going great guns that is. Now trading around 27 cents, well up on their recent lows. Western Plains Resources have good prospects as they move towards Iron Ore production early in 2008.
Their Hawks Nest Tenement holds about 800 million tonnes of iron ore, that varies between low and high grade.
First production will be from their Peculiar Knob tenement that is set for production of 2mtpa - starting early 2008 - for the next 9 years.
Their Hawks Nest Tenement holds about 800 million tonnes of iron ore, that varies between low and high grade.
First production will be from their Peculiar Knob tenement that is set for production of 2mtpa - starting early 2008 - for the next 9 years.
noirua
29th-December-2006, 12:42 PM
Has WPG now got the Felix Resources ( FLX ) factor. Why? Well, they have bought a chunky iron ore reserve out there in South Australia called Hawks Nest, along with smaller high grade tenements, such as Peculiar Knob. So far, the area is known to have around 800 million tonnes of iron ore from low to high grade. Mining is set to start early in 2008 and reaching 2 mtpa just from the small Peculiar Knob reserve. MGX just closed an iron ore pricing deal up 9.5% for 2007 and HOPEFULLY, all augers well, for this gold miner become iron ore specialist by means of a vertical learning curve.
S.A.S.E. retains a royalty interest in iron ore sold. S.A.S.E. is owned 90% by Felix Resources and Ausmelt ( AET ) have a 5% interest. FLX own an interest in WPG through their sale interest in Southern Iron via the WPG takeover of the latter.
S.A.S.E. retains a royalty interest in iron ore sold. S.A.S.E. is owned 90% by Felix Resources and Ausmelt ( AET ) have a 5% interest. FLX own an interest in WPG through their sale interest in Southern Iron via the WPG takeover of the latter.
noirua
5th-January-2007, 10:52 AM
I seem to be the only person on ASF to be in this stock, and why should you be indeed, as you'r all making a fortune elsewhere.
Well, WPG had a rights issue not long ago priced at 20 cents when they bought out Southern Iron, and now the stock trades at 27.5 cents this morning.
There are gold and other assets but WPG are now concentrating on producing 2 tonnes of High Grade iron ore from their tenement, Peculiar Knob.
May not be in the high flyer mode, but it is worth running your slide rule over this one.
Well, WPG had a rights issue not long ago priced at 20 cents when they bought out Southern Iron, and now the stock trades at 27.5 cents this morning.
There are gold and other assets but WPG are now concentrating on producing 2 tonnes of High Grade iron ore from their tenement, Peculiar Knob.
May not be in the high flyer mode, but it is worth running your slide rule over this one.
noirua
16th-January-2007, 02:06 PM
Radio interview with WPG's Executive Chairman, Mr Bob Duffin, about their progress at the high grade, iron ore deposit at Peculiar Knob: http://www.brr.com.au/event/wpg/160/18128
Not a potential Breakout stock are WPG, but should continue to improve on their iron ore endeavors. They have about 800 million tonnes of iron ore at Hawks Nest, in addition, at varying grades.
Not a potential Breakout stock are WPG, but should continue to improve on their iron ore endeavors. They have about 800 million tonnes of iron ore at Hawks Nest, in addition, at varying grades.
noirua
6th-February-2007, 10:25 AM
WPG have opened at 29 cents this morning and continue well above the price at the takeover of Southern Coal Pty., and the purchase of Hawks Nest and Peculiar Knob, Iron Ore Tenements.
The Iron Ore Tenement at Peculiar Knob will give WPG, 2mtpa of high grade iron ore production for a minimum of 7 years. The Hawks Nest tenement could keep them busy for another 400 years.
The Iron Ore Tenement at Peculiar Knob will give WPG, 2mtpa of high grade iron ore production for a minimum of 7 years. The Hawks Nest tenement could keep them busy for another 400 years.
noirua
11th-February-2007, 02:45 AM
WPG have hit 34 cents, up 5 cents on the week, in what is now a strong upward movement. The Iron Ore interests have pushed them on up, and that's not the only factor in this interesting gold come iron ore stock.
kransky
11th-February-2007, 03:10 PM
I've been in on this since 27.5c... :)
noirua
12th-February-2007, 12:16 PM
WPG are continuing to pull away from a 12 month trend. Up 3 cents at 37 cents this morning. Expectations of an announcement soon on the results of further exploration at the High Grade, Iron Ore Tenement, at Peculiar Knob.
noirua
21st-February-2007, 07:55 PM
A Linc to WPG's Iron Ore Holdings ( noted under previous owners S.A.S.E. ) at Peculiar Knob, Buzzard, Giffen Well and Kestrel, and the rest of the area known as Hawks Nest: http://www.pir.sa.gov.au/pages/minerals/commodity/iron_ore.htm:sectID=245&tempID=7
noirua
5th-March-2007, 12:42 PM
WPG are still a fair bit away from production at their Peculiar Knob mine and although everything is set fair, the time has come to exit this one whilst the 55% profit remains. Good Luck.
noirua
16th-August-2007, 10:47 AM
I sold out far too early on this stock and still regret doing so, missed a flyer. WPG have their second tranche of funding in place and are soon to develop their first iron ore tenement, at Peculiar Knob. $1.29 was paid and the funder must be wondering a bit as Western Plains reach 85 cents. Worth watching, imho.
noirua
30th-August-2007, 10:33 AM
Western Plains Resources are recovering strongly from their low point and have enough cash to develop their Peculiar Knob tenement. Production is due to start by the middle of 2008.
WPG have further iron ore interests at their 800 million tonne tenements at Hawks Nest where low grade iron ore is inter-dispersed by very many high grade pods similar to Peculiar Knob, at Sequoia, Kestrel, Buzzard and Kite.
WPG have further iron ore interests at their 800 million tonne tenements at Hawks Nest where low grade iron ore is inter-dispersed by very many high grade pods similar to Peculiar Knob, at Sequoia, Kestrel, Buzzard and Kite.
noirua
17th-September-2007, 11:35 AM
WPG have reached $1.38 this morning as the 19mt high grade iron ore deposit at Peculiar Knob moves closer to development.
The lower grade iron ore deposits at Buzzard and Kestrel have an indicated reserve of 789mt.
The lower grade iron ore deposits at Buzzard and Kestrel have an indicated reserve of 789mt.
noirua
5th-October-2007, 10:46 PM
Onwards and upwards for WPG as they finish the week at $1.56.
The native title agreement over Peculiar Knob brings forward the development of the mine and 3mtpa production.
The native title agreement over Peculiar Knob brings forward the development of the mine and 3mtpa production.
Icharus
6th-October-2007, 07:43 AM
Hi Noirua, Thanks for keeping this thread alive. I did some number crunching this morning are these the type of figures you were thinking of?
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
I haven't been following it so I may have missed something but on first glance it looks very promising.
Icharus
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
I haven't been following it so I may have missed something but on first glance it looks very promising.
Icharus
peterke
6th-October-2007, 10:51 PM
Icharus, I think the earnings numbers you have used are low
In the BFS WPG have used $US130 for fines and $US105 for fines in the early years.
I was also thinking that WPG was going to debt fund the development but may need to do the capital raising you have included to fund a share of the project
I get EPS around 80c based on 3mts
regards
Peter
In the BFS WPG have used $US130 for fines and $US105 for fines in the early years.
I was also thinking that WPG was going to debt fund the development but may need to do the capital raising you have included to fund a share of the project
I get EPS around 80c based on 3mts
regards
Peter
nahman
11th-October-2007, 02:16 PM
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.
noirua
13th-October-2007, 10:30 AM
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.
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
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
noirua
29th-October-2007, 10:42 AM
Western Plains Resources Quarterly Report to 30th September 2007: http://www.westernplainsresources.com.au/announcements/reports-quarterly/2007-10-25%202007%20September%20quarterly%20report.pdf
michael_selway
29th-October-2007, 07:01 PM
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
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.
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.
MR.
31st-October-2007, 11:45 PM
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
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.
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
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.
michael_selway
1st-November-2007, 07:53 PM
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.
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.
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.
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.
noirua
12th-November-2007, 11:13 AM
Chairman's Address to shareholders on 12th November 2007: http://www.asx.com.au/asxpdf/20071112/pdf/315rjzynbggjnd.pdf
Presentation to shareholders on 12th November 2007: http://www.asx.com.au/asxpdf/20071112/pdf/315rkgp1fjsrr9.pdf
Presentation to shareholders on 12th November 2007: http://www.asx.com.au/asxpdf/20071112/pdf/315rkgp1fjsrr9.pdf
noirua
12th-November-2007, 11:49 AM
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.
noirua
22nd-November-2007, 05:39 AM
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.
So I'm out. Good luck guys, hope it flys for you.
noirua
18th-December-2007, 12:09 PM
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.
Can't be a bid from Territory (TTY) as their shares have continued trading.
Rob 17
18th-December-2007, 12:14 PM
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.
maybe its got something to do with the name.
noirua
20th-December-2007, 11:32 AM
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.
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.
So I'm out. Good luck guys, hope it flys for you.
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.
kransky
21st-December-2007, 02:45 AM
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]
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]
Rob 17
15th-January-2008, 09:14 PM
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
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
noirua
11th-February-2008, 10:17 AM
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
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.
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
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.
happytown
17th-August-2009, 03:50 PM
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
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
noirua
9th-September-2010, 02:17 AM
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.
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.
ricko74
2nd-February-2011, 10:18 PM
has anybody got any thoughts on wpg.
Joe Blow
2nd-February-2011, 11:29 PM
has anybody got any thoughts on wpg.
Hi Ricko,
Welcome to ASF!
Why don't you get the ball rolling and share your thoughts about WPG with us?
Hi Ricko,
Welcome to ASF!
Why don't you get the ball rolling and share your thoughts about WPG with us?
ricko74
3rd-February-2011, 10:38 AM
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.:)
Hi Ricko,
Welcome to ASF!
Why don't you get the ball rolling and share your thoughts about WPG with us?
Hi Ricko,
Welcome to ASF!
Why don't you get the ball rolling and share your thoughts about WPG with us?
RaymondJ
8th-February-2011, 04:40 PM
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.:)
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
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
lazyfish
8th-February-2011, 06:14 PM
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
There is no question about the viability of Peculiar Knob, for it has already received approval (mining, defence access, native title) and WPG has awarded mining contract for the project. The main question is whether they can bring Hawk's Nest into production. Hawk's nest lie in the 'red zone' of WTF (Woomera Test Facility) and is partly on the flight path. It is a very big question whether they would allow the WISCO JV to go ahead. Upside from Hawk's nest include doubling the DSO resource to 36MT and a 569MT magnetite project (~30% Fe). The port situation is still bad in South Australia, with no deep sea port that can handle CAPE sized vessels. A transhipment operation would have to be used until Port Bonython is ready and that kills the margin pretty quickly. Having said all the negative things Peculiar Knob is a solid project, with low strip ratio, very low contaminant and very high grade. Finance has been finalised through the recent cap raising and detsche bank debt facility that should be more than sufficient to last through to production. I hold. DYOR
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
There is no question about the viability of Peculiar Knob, for it has already received approval (mining, defence access, native title) and WPG has awarded mining contract for the project. The main question is whether they can bring Hawk's Nest into production. Hawk's nest lie in the 'red zone' of WTF (Woomera Test Facility) and is partly on the flight path. It is a very big question whether they would allow the WISCO JV to go ahead. Upside from Hawk's nest include doubling the DSO resource to 36MT and a 569MT magnetite project (~30% Fe). The port situation is still bad in South Australia, with no deep sea port that can handle CAPE sized vessels. A transhipment operation would have to be used until Port Bonython is ready and that kills the margin pretty quickly. Having said all the negative things Peculiar Knob is a solid project, with low strip ratio, very low contaminant and very high grade. Finance has been finalised through the recent cap raising and detsche bank debt facility that should be more than sufficient to last through to production. I hold. DYOR
RaymondJ
9th-February-2011, 04:34 PM
There is no question about the viability of Peculiar Knob, for it has already received approval (mining, defence access, native title) and WPG has awarded mining contract for the project. The main question is whether they can bring Hawk's Nest into production. Hawk's nest lie in the 'red zone' of WTF (Woomera Test Facility) and is partly on the flight path. It is a very big question whether they would allow the WISCO JV to go ahead. Upside from Hawk's nest include doubling the DSO resource to 36MT and a 569MT magnetite project (~30% Fe). The port situation is still bad in South Australia, with no deep sea port that can handle CAPE sized vessels. A transhipment operation would have to be used until Port Bonython is ready and that kills the margin pretty quickly. Having said all the negative things Peculiar Knob is a solid project, with low strip ratio, very low contaminant and very high grade. Finance has been finalised through the recent cap raising and detsche bank debt facility that should be more than sufficient to last through to production. I hold. DYOR
Thanks Lazyfish for the valuable information, yes I did forget to add the bit about the port. Isnt the JV partner undertading something to do with the construction of that?
Anyway I think this coy has a good future in the medium term. think the Woomera approval will be forthcomming, the Governments of Australia dont often knock back mining applications and the Indigenous are usually agreeable although this could be the Defence Department approval. Anyway Im going to get in on this stock in the next few days I think. This project is a lot safer than those in other countries such as Cameroon, West and Southern Africa. This problem in Egypt could very easily spread down that way, as if the country isnt unstable enough now.
Anyway I would appreciate any other information you have on this stock.
CHEERS
Thanks Lazyfish for the valuable information, yes I did forget to add the bit about the port. Isnt the JV partner undertading something to do with the construction of that?
Anyway I think this coy has a good future in the medium term. think the Woomera approval will be forthcomming, the Governments of Australia dont often knock back mining applications and the Indigenous are usually agreeable although this could be the Defence Department approval. Anyway Im going to get in on this stock in the next few days I think. This project is a lot safer than those in other countries such as Cameroon, West and Southern Africa. This problem in Egypt could very easily spread down that way, as if the country isnt unstable enough now.
Anyway I would appreciate any other information you have on this stock.
CHEERS
tigerboi
11th-April-2011, 01:30 PM
I recently had another look at WPG & i like the way the company is going with everything
looking to be happening by the end of this year.
they have the cash & customers so im going to jump in for a reasonable amount.
what do others think about WPG'S progress?
i tried but i couldnt find anything negative about them...cheers..tb
looking to be happening by the end of this year.
they have the cash & customers so im going to jump in for a reasonable amount.
what do others think about WPG'S progress?
i tried but i couldnt find anything negative about them...cheers..tb
Boggo
11th-April-2011, 03:13 PM
what do others think about WPG'S progress?
i tried but i couldnt find anything negative about them...cheers..tb
From an EW charting perspective this was on my list as a candidate based on a weekly scan a few weeks ago but took a while to get going.
The software has picked the last few significant points accurately and places a theoretical minimum target of $1.115 on it based on the current pattern.
(click to expand)
i tried but i couldnt find anything negative about them...cheers..tb
From an EW charting perspective this was on my list as a candidate based on a weekly scan a few weeks ago but took a while to get going.
The software has picked the last few significant points accurately and places a theoretical minimum target of $1.115 on it based on the current pattern.
(click to expand)
tigerboi
3rd-May-2011, 02:47 PM
boggo the hawke report has just been released giving the go ahead for mining in the woomera area,this has changed everything for WPG as it can now access a huge region...tb
oldblue
3rd-May-2011, 03:05 PM
boggo the hawke report has just been released giving the go ahead for mining in the woomera area,this has changed everything for WPG as it can now access a huge region...tb
Hi tigerboi.
Do you have a link to this news?
WPG's presentation today said that this report hasn't been released publicly but that a favourable outcome is expected shortly.
:confused:
Hi tigerboi.
Do you have a link to this news?
WPG's presentation today said that this report hasn't been released publicly but that a favourable outcome is expected shortly.
:confused:
tigerboi
3rd-May-2011, 03:29 PM
yep sure can...
http://www.minister.defence.gov.au/Smithtpl.cfm?CurrentId=11749
the full report is in a pdf on the defence site...tb
http://www.minister.defence.gov.au/Smithtpl.cfm?CurrentId=11749
the full report is in a pdf on the defence site...tb
oldblue
3rd-May-2011, 03:41 PM
Thanks, tb.
I recently bought a few WPG, largely as a result of researching the informed comments on this thread.
:cool:
I recently bought a few WPG, largely as a result of researching the informed comments on this thread.
:cool:
Buckfont
3rd-May-2011, 04:12 PM
At last a light at the end of this long tunnel. The announcements due May/June will have no doubt solidify all the questioning that has abounded about govt regs etc.
With the large tenements IO and coal, I can`t wait. Have held since early 09.:)
With the large tenements IO and coal, I can`t wait. Have held since early 09.:)
tigerboi
3rd-May-2011, 04:33 PM
Thanks, tb.
I recently bought a few WPG, largely as a result of researching the informed comments on this thread.
:cool:
no probs,i had a look at WPG about 3 years ago & decided to wait & last month i was alerted
about them about to get all the go ahead,so i cashed up & took a seat at 75c which when you consider the IO & coal about to come on line imo sub $1.00 is a very good entry.
good luck...tb
I recently bought a few WPG, largely as a result of researching the informed comments on this thread.
:cool:
no probs,i had a look at WPG about 3 years ago & decided to wait & last month i was alerted
about them about to get all the go ahead,so i cashed up & took a seat at 75c which when you consider the IO & coal about to come on line imo sub $1.00 is a very good entry.
good luck...tb
oldblue
4th-May-2011, 09:39 AM
And here's WPG's own announcement.
http://asx.com.au/asxpdf/20110504/pdf/41yfzjytz3g945.pdf
:)
http://asx.com.au/asxpdf/20110504/pdf/41yfzjytz3g945.pdf
:)
tigerboi
16th-May-2011, 12:42 AM
veritas recommends a buy with a target of $1.72 for 3.3mt dso & $2.44 for 5mt which is a possibility that WPG will commence production of 5mt pa as they have capacity for 7mt out of the port.
WPG has a JV with wisco the 3rd largest steel mill in china plus 2 coal projects with jorc of 200mt+
see the report at:
http://www.wpgresources.com.au/pdf/veritas%20research%20report%209%20may%202011.pdf
also here is a sky news interview with bob duffin ceo of WPG
uduzX_fYSgU
WPG has a JV with wisco the 3rd largest steel mill in china plus 2 coal projects with jorc of 200mt+
see the report at:
http://www.wpgresources.com.au/pdf/veritas%20research%20report%209%20may%202011.pdf
also here is a sky news interview with bob duffin ceo of WPG
uduzX_fYSgU
tigerboi
1st-July-2011, 02:10 PM
final mine approval is expected next week & bigger trades are happening so expect WPG to punch thru the $1.00 by the end of this month.tb
Gringotts Bank
1st-July-2011, 02:29 PM
Small but perfectly shaped cup and handle, bullish break. 86 res. Waiting for fill. :(
tigerboi
8th-July-2011, 10:48 AM
final mine approval is expected next week & bigger trades are happening so expect WPG to punch thru the $1.00 by the end of this month.tb
here it is the anns that sends WPG on its way to 3.3mtpa...tb
WPG Resources Ltd (ASX:WPG) is pleased to advise that the South Australian
government has approved the Mining and Rehabilitation Program (MARP) for the
Company’s flagship DSO iron ore mine south east of Coober Pedy, and has also
approved the Company’s Development Application (DA) for the iron ore receival,
storage and export facility to be built at Port Pirie.
The approvals mean that WPG can now move to the project construction phase.
Site works at the mine and port will begin before the end of July. Sales are expected
to commence late in the current financial year.
WPG will spend some $170 million to bring the project into production. Contractors
engaged by WPG will spend an estimated additional $250 million on mobile plant
and equipment. Some 180 jobs will be created during the 10 month construction
phase. During the production phase, over 240 jobs will be created at the mine site
area, with an additional 60 jobs at Port Augusta and Port Pirie.
With a reserve grade of 63.2% iron, Peculiar Knob is Australia’s highest grade
undeveloped iron ore deposit. It will produce 3.3 mtpa of high grade iron ore fines for
a minimum of 6 years based on known resources and reserves. The
Commonwealth’s recent adoption of the recommendations in the Hawke Report that
mining and military activities can coexist in most areas of the Woomera Prohibited
Area paves the way for the development of the Buzzard DSO deposit at Hawks
Nest, which will extend the project’s life to more than 10 years.
WPG looks forward to developing this exciting and highly lucrative project. It will be
South Australia’s newest mine, and will transform the Company from explorer to
producer status. WPG thanks the South Australian government, all stakeholders and
shareholders for the encouragement and support given to it over the last few years.
8 July 2011
here it is the anns that sends WPG on its way to 3.3mtpa...tb
WPG Resources Ltd (ASX:WPG) is pleased to advise that the South Australian
government has approved the Mining and Rehabilitation Program (MARP) for the
Company’s flagship DSO iron ore mine south east of Coober Pedy, and has also
approved the Company’s Development Application (DA) for the iron ore receival,
storage and export facility to be built at Port Pirie.
The approvals mean that WPG can now move to the project construction phase.
Site works at the mine and port will begin before the end of July. Sales are expected
to commence late in the current financial year.
WPG will spend some $170 million to bring the project into production. Contractors
engaged by WPG will spend an estimated additional $250 million on mobile plant
and equipment. Some 180 jobs will be created during the 10 month construction
phase. During the production phase, over 240 jobs will be created at the mine site
area, with an additional 60 jobs at Port Augusta and Port Pirie.
With a reserve grade of 63.2% iron, Peculiar Knob is Australia’s highest grade
undeveloped iron ore deposit. It will produce 3.3 mtpa of high grade iron ore fines for
a minimum of 6 years based on known resources and reserves. The
Commonwealth’s recent adoption of the recommendations in the Hawke Report that
mining and military activities can coexist in most areas of the Woomera Prohibited
Area paves the way for the development of the Buzzard DSO deposit at Hawks
Nest, which will extend the project’s life to more than 10 years.
WPG looks forward to developing this exciting and highly lucrative project. It will be
South Australia’s newest mine, and will transform the Company from explorer to
producer status. WPG thanks the South Australian government, all stakeholders and
shareholders for the encouragement and support given to it over the last few years.
8 July 2011
oldblue
15th-July-2011, 10:20 AM
Development of Buzzard iron ore deposit to be fast tracked, in parallel with Peculiar Knob.
http://asx.com.au/asxpdf/20110715/pdf/41zsgr30fvlzgd.pdf
:)
http://asx.com.au/asxpdf/20110715/pdf/41zsgr30fvlzgd.pdf
:)
tigerboi
20th-July-2011, 04:53 PM
WPG is now going to start up at 5mtpa & has just signed an offtake with chinese steel mill.looking very nice at around the 95c.
big players that were waiting for final approvals now look to be taking a seat...TB
big players that were waiting for final approvals now look to be taking a seat...TB
Buckfont
2nd-September-2011, 11:29 AM
Noice little bag of lollies from WPG today.
From the proposed sale of their iron ore assets, WPG intends to make a tax effective distribution of the bulk of the transaction proceeds by way of a capital return and a franked dividend.
The total distribution would be $1.05 / share, consisting of a capital return of $0.42c and a fully franked dividend of $0.63c, with an attaching franking credit of $0.27c.
Just gotta be voted on.
Noice:)
From the proposed sale of their iron ore assets, WPG intends to make a tax effective distribution of the bulk of the transaction proceeds by way of a capital return and a franked dividend.
The total distribution would be $1.05 / share, consisting of a capital return of $0.42c and a fully franked dividend of $0.63c, with an attaching franking credit of $0.27c.
Just gotta be voted on.
Noice:)
kingink
21st-January-2012, 11:16 AM
Hi guys,
Pretty new to the market.
Have been looking into WPG, does anyone think they will bounce back?
Take care :D
Pretty new to the market.
Have been looking into WPG, does anyone think they will bounce back?
Take care :D
kingink
24th-January-2012, 01:21 PM
Woot,
Put a small ammount into this company just yesterday and they went up 20% today.
Good start for a noob investor...
The announcment today appears like they will be making some good progress with their mining projects again...
Let's see if they can't get closer to those old prices hahaha :rolleyes:
Put a small ammount into this company just yesterday and they went up 20% today.
Good start for a noob investor...
The announcment today appears like they will be making some good progress with their mining projects again...
Let's see if they can't get closer to those old prices hahaha :rolleyes:
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