WA1 7.23% $15.13 wa1 resources ltd

WA1 Econs 101, page-135

  1. 3,197 Posts.
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    Sorry if this has been posted previously.

    https://thewest.com.au/business/pub...ging-as-battery-world-game-changer-c-11027034

    The attention of WA1 is fast gaining traction now in the media space.

    It is hard to not see why that is the case. There are probably a dozen or so, or more of multi-billion lithium producers in the world that are publicly listed right now, including our very own PLS, MIN and LTR.

    However there are only 3 operating niobium mines in the world, owned by 3 companies - Brazil’s CBMM, China Molybdenum’s, and Canada’s Magris Resources. CBMM and Magris are not publicly traded. COMC, also known as China Molybdenum Company Limited, is listed on the Hong Kong and Shanghai stock exchanges, with niobium only forms a small part of their mining portfolio and the company's market cap is currently worth around 110B Yuan or $23B AUD. The choice is limited for any investor who wants to have a dip at a publicly traded company that owns Tier 1 niobium assets.

    As our MD Paul Savich says, "this is getting so real now."

    GLTA!
 
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