You're right nothing will come out of PMT before 2029, and maybe even 2030! But at least when they do start getting it out of the ground they will have substantial economies of scale to help them escape the inevitable downturn of lithium and spodumene pricing as more and more projects come online.
There'll be at least 5 projects coming online this year. With many more coming next year and the year after. WR1 will be stuck with low low prices of the future by the time they get approvals
Why I've sold all my WR1... and all my other Stocks, page-78
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Last
50.0¢ |
Change
0.020(4.17%) |
Mkt cap ! $108.1M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 52.0¢ | 49.0¢ | $375.7K | 744.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14157 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 12000 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |