I did an analysis of WC8 to make sure I was not missing anything as I do not get why it’s MC is nearly double LRS.
My conclusion is that WC8 is very overvalued compared to LRS or LRS is very under valued. I do lots of comparisons between deposits and stocks to get a view of value (under or over) as it helps to make better informed investment decisions.
I also concluded I am not missing anything about WC8. I was stunned that 36% of all assayed holes for WC8 had NSI ie no lithium (62 or 171 holes). The weighted average grade of the remaining holes was 0.88%. I am not aware of any Australian producing lithium mine or one in development or one the has down a FS or SS that has a lithium grade less than 1.0% along less than 0.88% Happy to be wrong.
Details of my analysis are in this link.
https://hotcopper.com.au/threads/ann-tabba-tabba-delivers-119-2m-at-1-0-li2o-from-leia.7887304/page-57?post_id=72758089
LRS General Discussion, page-16996
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $475.9M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 16.5¢ | $1.608M | 9.399M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 2237794 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 2237794 | 0.165 |
23 | 1549645 | 0.160 |
8 | 729812 | 0.155 |
19 | 872117 | 0.150 |
7 | 836904 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 250000 | 1 |
0.175 | 673776 | 7 |
0.180 | 965644 | 8 |
0.185 | 817682 | 12 |
0.190 | 702951 | 11 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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