If you look at companies like WA1 now at $19.56 SP see below when they found Niobium. Yes different Market Caps obviously but Nb can certainly have a massive affect on the Share Price. WA1 is not the only one just an example. Anyway it may just be a dream but interesting ithey have found some next door. Obviously need drill results. Anyway as I said we can dream. Just an observation.How have WA1 and West Arunta blipped the radar?
Imagine if we had a crystal ball two years ago when exploration companyWA1 ResourcesandEurozHartleys rattled the tin for the company’s IPO. We would have snapped up its new shares at 20 cents a pop in December 2021!
The Western Australian company is now worth about $506 million, but back then, it was only valued at around $4.5 million as they sought out another $4.5 to 6 million. It wanted to use the extra cash to explore its flagshipWest Arunta project, primarily for gold, copper and nickel. Investors were keen and signed up, allowing the company to debut their shares at 24c each on February 11, 2022.
While their share price slid down over the following nine months to an all-time closing low of 12c on August 11, 2022, WA1 broke out of the doldrums in epic proportions.
On October 26, 2022, they entered a new era by revealing they had found thick high-grade niobium with niobium pentoxide gradings of 0.31-1.22% at the P2 target at the project’s Pachpadra prospect. The grades put WA1 West Arunta Nb2O5 in the ballpark of two of the world’s three producing niobium mines. Things went bananas, with the even more impressive Luni discovery unveiled on November 16, 2022, featuring 28m at 0.9% Nb2O5 from 28m. The P2 carbonatite had 54 metres at 0.6% Nb2O5 from 162m.
The Tier 1 hunters haveadded a monster 4288% to their market valuein their 21-month history on the ASX. But when you look at their 12c low, the super-gainers have added an impressive 9067% to their value in an even shorter 15 months
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