Delta have a current market cap of A$309.6m, which is only about A$45m higher than WR1. DLI's Mt Ida resource may only have an MRE of 14.6Mt, however, it is already approved to mine and they also have a an MRE for a significant gold resource. On top of this they also have Yinnethara, which they are busy drilling right now. By the time WR1's MRE is released, I expect DLI will be releasing an MRE for a similar sized resource at Yinnethara.
I hold shares in both and see a lot of value in each company. But looking solely at DLI's MRE for Mt Ida is not comparing apples with apples. If we're comparing strictly on an MRE basis, it's 14.6Mt for DLI versus 0Mt for WR1. A more reasonable comparison would be to wait until the MRE's are released for Adina (WR1) and Yinnethara (DLI).
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Last
59.5¢ |
Change
-0.015(2.46%) |
Mkt cap ! $131.7M |
Open | High | Low | Value | Volume |
59.5¢ | 62.0¢ | 58.5¢ | $682.9K | 1.138M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
60.0¢ | 381 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 0.590 |
1 | 1739 | 0.575 |
3 | 85263 | 0.570 |
2 | 5285 | 0.560 |
1 | 5200 | 0.555 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 381 | 1 |
0.620 | 28500 | 3 |
0.625 | 20000 | 1 |
0.630 | 81714 | 3 |
0.635 | 16333 | 3 |
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