I agree with your view - still very over valued for what is a low grade deposit. Low grade lithium = high cost which will not survive except when lithium prices are very high. Close to ports and a ML only count for so much. One has to have rose coloured glasses to rate WC8 as a buy or even a hold at current prices.
I expect all the WC 8 chums to criticise me about my views but I deal on facts.hidden in announcements.
Go and look at the detailed assays not just the highlights and you will see it’s a low grade deposit in the making in a tiny tenement. So many investors get conned by the highlights in company announcements without looking at the detail
Look what happened to CHN’s SP down almost 90% from its peak as it is a low grade deposit. So many investors brought the CHN hype and marketing BS from the CEO. Yes it’s a big deposit but it’s not economic at realistic metal prices and a realistic cost of capital. The message from CHN (and RTR and many other deposits) is that even if it is a big deposit if its low grade it’s not necessarily economic.
WC8 SP has a lot further to fall. One must remember only about 1% of discoveries end up as a mine.
Now I wait for the barrage of criticism from heaps of posters which I expect will have few facts to justify their views (its normal).
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $377.0M |
Open | High | Low | Value | Volume |
32.5¢ | 33.0¢ | 30.8¢ | $960.1K | 3.017M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 142736 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 61216 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 133089 | 0.325 |
13 | 478442 | 0.320 |
7 | 403246 | 0.315 |
8 | 84680 | 0.310 |
12 | 632100 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 83491 | 10 |
0.335 | 143644 | 11 |
0.340 | 74568 | 5 |
0.345 | 59953 | 5 |
0.350 | 7983 | 2 |
Last trade - 11.14am 14/06/2024 (20 minute delay) ? |
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Last
33.0¢ |
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Change
0.000 ( 0.21 %) |
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Open | High | Low | Volume | ||
32.0¢ | 33.0¢ | 31.0¢ | 1293044 | ||
Last updated 11.35am 14/06/2024 ? |
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