PortfolioDirect Stock Reviews and Rating Analysis

John Robertson


The Potash West NL (PWN:AU) GLOSS quality score within the PortfolioDirect rating process has been raised. The critical change warranting the upgrade for the company developing the Dandaragan phosphate and potash deposits in Western Australia has been the doubling of the anticipated mine life to 40 years for an asset toward the upper end of available operational lives in the sector. The company continues to advance its longer term value proposition. No single event expected in the near term is likely to achieve a discrete change in market price. This is more likely to come with the longer term accumulation of evidence that the Dandaragan project is viable and capable of being funded. From a portfolio perspective, there are grounds to recognise the company as an agricultural-oriented investment enabling reduced exposure to mineral commodities relying on GDP growth and enhanced portfolio diversification characteristics in a resources portfolio. (VIEW LINK)

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...


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