West Coast Silver Limited

ERW.AX

Industrial Materials · Basic Materials

Price

A$0.11

+0.00 (+1.82%)

Market Cap

A$13.9M

Exchange

Australian Securities Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+202.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 39.9M (2021) → 120.6M (2025)

Winston Score History

The full picture

Errawarra Resources Ltd is a small Australian mining exploration company. It searches for mineral deposits, primarily focusing on lithium and other battery metals in Western Australia. The company is in the early exploration stage, meaning it does not yet produce or sell any minerals commercially.

Errawarra makes no revenue at this stage. It funds its operations by raising money from investors through share issuances, which is typical for junior exploration companies. With a near-zero market cap and deeply negative returns on capital, it is a high-risk, pre-revenue business with no established competitive moat. The key growth driver would be a significant mineral discovery that could attract a larger mining partner or lead to mine development, but the main risk is that exploration fails to find economically viable deposits, leaving shareholders with little to show for their investment.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

-50.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

45.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

A$3M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

West Coast Silver Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

Data not available

Profit after running costs

Operating Margin

N/A

Data not available

Return on the money invested

ROCE

-332.6%

Weak — -332.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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