POTASH WEST NL (PWN)



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General Information
Company Name: Potash West NL
Stock Code: PWN
Website: www.potashwest.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 14
Equiv. Shares (M): 92

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.150 $ 0.150 $ 0.150 $ 0.150 $ 0.150 60,098 0%

Company Overview

Business Description:
Potash West NL (PWN) is an exploration company focused on developing potassium-rich glauconite deposits in West Australia’s Perth Basin. PWN has a major land holding over one of the world’s largest known glauconite deposits, with exploration licenses and applications covering an area of 2,905sqkm.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -3.9 -4.6 -- 0.0 0.0 0.0 --
2011  A -0.8 -1.1 -- 0.0 0.0 0.0 --
2010  A 0.0 0.0 -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Evolution Mining (EVN) $556 M -- 0.2435 0.2132 11.3112 9.0962 7.4976 0.0000 0.0115 0.0242
Newcrest Mining (NCM) $11,153 M -0.0378 -0.4474 0.0888 10.2834 18.6085 17.0915 0.0241 0.0222 0.0241
OZ Minerals (OZL) $1,284 M -0.6077 -0.7395 2.7051 10.1561 38.9862 10.5224 0.0709 0.0175 0.0381
Potash West (PWN) $14 M -- -- -- -- -- -- 0.0000 -- --
Regis Resources (RRL) $1,722 M 0.7775 1.2655 0.3111 23.8472 10.5263 8.0284 0.0000 0.0552 0.0807

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
PWN -- -- 2.30 -- --
Market 1.08 12.7 0.89 1.87 2.60
Sector 0.59 8.57 0.69 2.00 7.29

Directors
Name Position Start Date
Patrick Bernard McManus Managing Director 23 November 2010
Mr Adrian Griffin Non-Executive Chairman 12 November 2010
Mr Gary Johnson Non-Executive Director 12 November 2010
Mr George Sakalidis Non-Executive Director 12 November 2010

Management
Name Position
Robert Van Der Laan Chief Financial Officer
Amanda Wilton-Heald Company Secretary
Lindsay Cahill Geologist

Substantial Shareholders
Holding Name
12,500,000 (14.92%) Elsinore Energy Pty Ltd
15,000,000 (17.90%) Barclay Wells Limited

Calendar of Events
Date Event
25 April 2014 Report (Quarterly)
29 January 2014 Report (Quarterly)
29 October 2013 Report (Quarterly)
26 September 2013 Report (Annual)
29 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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