$30 Million now in contracts, solid effort don't get me wrong....

$30 Million now in contracts, solid effort don't get me wrong.

With Margins of between 8% - 12% in these tough market conditions in WA to keep the lights on and keep persons directly employed & Sub-Contractors on the go.
This equates to around $3 Million in Profit for those contracts over approximately the next 12 months.

WSI needs a Big Contract
$5 Million MC on close is perhaps what the Markets valuation is, leaving the South Australian tenements valuation as a separate entity, which is difficult to gauge. This was the only reason the SP got pumped imo, just like all the plays in the recent Paterson's Range pump