I will tell you what the fair value of WA1 is. No technical, no “fundamental”, no BS required. I only used basic logic.
2011. 30% of CBMM was sold for $4B USD.
USD, not AUD. Thank you very much. Non-voting stake, purely just for supply according to Paul Savich.
CBMM owns 50% of Araxa. The state of Mina’s Gerais owns the other 50%. Luni? 100% WA1.
Now if that sounds too good to be true, we are about to go one step further.
CBMM’s niobium production has doubled since 2011 and USD-AUD has fallen from $1 to $0.60.
Oh yes, we are also in a very politically stable mining country. I won’t even bother getting my old calculator out as the numbers will give me a big error. I rest my case
General discussion, page-11742
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Last
$12.98 |
Change
0.280(2.20%) |
Mkt cap ! $841.3M | |||
| Open | High | Low | Value | Volume |
| $12.75 | $13.30 | $12.07 | $5.758M | 451.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 983 | $12.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.10 | 270 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |