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Mawson West Ltd Ord MWSWF

"Mawson West Ltd is an Australian-based copper producer, developer and explorer. It is engaged in the production of copper and silver concentrate production, mineral exploration and development in the Democratic Republic of the Congo."


GREY:MWSWF - Post by User

Comment by commodity16on Jun 13, 2013 2:44pm
110 Views
Post# 21521302

RE: RE: unreal buying opportunity

RE: RE: unreal buying opportunity

I am sure management is not happy for sure especially after successfully ramping the Dilkulshi mine back up into opertations as forcast. MWE is slated to produce between 20-22000 tonnes of copper in 2013. Even if you take the 20K number X roughly $7000/T for copper gives you cash flow of $140,000,000 per yr. The entire market cap of MWE is now down to only $79,000,000! Cash costs for producing the copper are supposed to only be around $0.35/ pound! These metrics don't add up. This being said I think something will change here shortly, I think we will just need to be patient. I think MWE has sold off mainly due to general lack of interest in the mining sector coupled with the copper ban, which management has come out earlier and has verified that MWE is excempt from this. but clearly people don't seem to be listening or care. A re-rating of the stock was anticipated after the 4th quarter of last yr but still hasn't happened so that could be a catalyst coming down the pipe also. Also their Kapulo project is scheduled to be started up later this yr, should also be a major catalyst if that mine is also ramped up trouble free. I think the SP will move,just a matter of time now and when it does it should go big...I don't see any reason the stock shouldnt be back up to previous $2 levels with mine operations producing as they are and with things running smooth.....at least. Maybey I am optimistic but I am just looking at the fact and right now they are not jiving even close with the share price. That being said when sediment turns around on this stock their should be fireworks  so right now will prove to be a unreal buying opportunity.

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