WDR 0.00% 14.5¢ western desert resources limited

more ore at roper bar iron ore project , page-10

  1. 293 Posts.
    No, it would depend on how soon they get to their production target; how much they spend on proving up the rest of the resource and their plans for capital investment in order to increase production.

    I would like to see them pay off the debt first and then distribute 30-50% of profits going forward. If they can increase shipped ore by 3x by investing 2 years of profit then I would be happy for them to do that as well.

    I am sure they would be doing the cost benefit analysis of many options at the moment. The directors have a lot of equity in WDR so they will be keen to maximise their return.
 
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