Mawson West Ltd

MWE-T

(Top Pick Dec 27/12, Down 32.43%) The sector has come down. People decided they don’t want to be in this space. As long as operations come through you are okay holding it. Cash flows are very good and you could see an uptick on this

In the Congo, which creates some concern, but stock price reflects this. Very opportune time to get in. Production is going up a lot this quarter and they are getting much higher copper grades. Expects increase cash flow this quarter and the stock should get re-rated. Trades at about 2.5X NAV.