WSA +7%: jumped the gun in terms of quarterlies today, pre-releasing the March quarter numbers which show a solid rebound into the new year. Output was up 20% for the quarter, and the grade saw a nice 27% spike as well as the company put tough September and December quarters behind them. While they didn’t release cost numbers as yet, it would be reasonable to assume a decent falling in AISC for the quarter given the rise in production. The set up is pretty reasonable for WSA. A recent raise will help fund a number of growth options while the nickel price catches a tailwind.
MM is bullish WSA
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