2.50 is too cheap! Should be $3.50 at 40mt and if footwell results come back positive we are looking at 75mt and at $420t/lce start thinking about $6.50.
Excerpt from Foster's report!
"WR1 looks undervalued. The heightening M&A activity above emphasises the long-term lithium story is intact. This has excited the lithium bulls today with many stocks on the rise as investors ponder - who could be next in line? We like WR1 as it looks attractive not only as M&A target but also in terms of its growth profile that can offer inherent value with large-scale assets and sound management. Assuming a 40Mt Resource, WR1 is trading at only around $200/t LCE - under that of peers PMT (postplacement) of $420/t LCE and GT1 of $242/t LCE, implying ample upside if the company delivers."
31 Aug WR1 Webinar, page-77
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48.0¢ |
Change
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Mkt cap ! $103.8M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 47.5¢ | $368.9K | 757.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49964 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 6310 | 1 |
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| WR1 (ASX) Chart |