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(but still make lots of money)?

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Want to invest ethically for a brighter future? 
(but still make lots of money)?

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Here’s why the Western Areas (ASX:WSA) share price is soaring

The Western Areas Ltd (ASX: WSA) share price is up more than 6% after giving a March quarter production update.

What was in Western Areas’ update?

The miner said that there was an improvement in both mine and milled physicals, resulting in strong nickel in concentrate production for the quarter.

Western Areas said that the total nickel mined was 4,236 tonnes, which was up 20% quarter on quarter. The mined ore grade was 3.6%, up 27% quarter on quarter. The nickel produced in cencetrate was 4,267 tonnes, up 21% quarter on quarter as a result of higher mined grades and mill recoveries.

The Western Areas Managing Director, Dan Lougher, said: “As previously flagged to the market, we re-entered the higher-grade areas of the Flying Fox mine this quarter, and saw improved mined nickel grades from Spotted Quoll. This result was setup by the significant development and rehabilitation of existing ore drives achieved during the previous December quarter, which allowed access to and mining of higher grade ore tonnes in the March quarter.”

Summary thoughts

I’m not mining expert, but I am fairly cautious about miners because they are price takers – they have to sell at whatever price they can get for their commodity.

However, there could be a good long term future for nickel because it is used in both the steel industry as well as batteries and hybrid vehicles.

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW or entering your email below.

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Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

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As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

Enter your email below to access this report for free, including the names, ticker codes and analysis.

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