Aug 03rd 2012 - Edison Investment Research today published a report on Western Areas entitled "Dawn Of Sunrise". In summary, the report says:
The newly discovered nickel sulphide deposit of Sunrise at Forrestania, Western Australia, is located between Western Areas’ (WSA) Spotted Quoll mine and New Morning deposit within the highly prospective Western Belt package, and in close proximity to existing infrastructure. WSA is the third-largest and highest margin nickel producer in Australia with A$165m in cash (as at 30 June) and has off-take agreements in place with BHP and Jinchuan. This leaves it well positioned to fund its exploration and development activities and to benefit from any rise in the nickel price as a result of the Indonesian government’s ban on nickel exports.
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