WA1 3.14% $14.50 wa1 resources ltd

General discussion, page-8432

  1. 288 Posts.
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    I'm probably the least qualified to warrant that question @Bohds! It all comes down to Paul and the management team's grand plan and how long they want to ride the bucking bronco.

    If they get and accept TO offer in the next 6 months my wild guess is it may be $50-60 circa $3.5b MC. Would be good to have a 3 horse race and ego showdown between Gina, Twiggy and Rio as others have mentioned. Then it may push higher.

    If they keep derisking and progress then I would guess we will be $120-$140 in a year circa $8.5b MC. Throw in some gov support for infrastructure and maybe some other finds in the region and it would help with momentum. US and EU market demand outside China/CBMM along with advancements of the various end-products will only support viability longer term.

    I'll let you know my slightly wild justification over a beer in Bali with @wombarrapete. I am at the more optimistic end of the spectrum (probably one step lower than @zappa07) with most of my forecasts, and I know that it riles some of the guys here but hey shoot for the stars and we might get to the moon.

    At the moment if feels like we are the little kid in the school yard getting bullied around for their lunch money by the big kids! No surprise given the prize on offer and parties that would sell their own grandmother to get their hands on it.

    All will be revealed once you clever blokes pull apart the MRE for us numpty punters. My humble and far from contentious opinion is simply that it is going to impress and blow some of these forecasts out of the water. Not to mention the fact that it will need to be updated for further drilling. And Niobium aside it will be interesting to see what other viable minerals might be in the mix as flagged by other holders.

    I know others want to see it all the way to mine and divvies. Personally I would be happy with a TO at any point. Paul and the team have been at this since 2017 according to one of his original interviews that I watched hence they are 7 years in, so you can't begrudge them if they are open to a juicy TO offer if/when it comes.

    Opinion only as usual, not investment advice. Good luck to all holders.
 
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