From my knowledge, they've got contracts with Iluka's mineral sands project near Mildura (upper tier), RMS's mt.magnet (marginal), BCI's nullagine (mid tier), PLV's cockatoo (upper tier - but unknown how deep that resource will run). The major problem WTP has IMO is not the mining aspect of the business, but rather it's inability to collect on invoices, ie. write the revenue but don't collect the money viz. work for free :( and it's a major challenge facing many companies atm, as a lot of companies (erm...cough... our banks) are bumping up "revenue" and hence "profit" on the back of unpaid invoices.
WTP Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
