“I don't understand the high price of this share. It pays no dividends and makes no profit.Can anyone give me a brief of what's supporting the share price.”
It’s not a high price at all. It’s undervalued.
427 mn EBITDA from Nb alone once mining commences and likely only 50% solution at most.
So you get a minimum EBITDA per share of $3.31 in a zero debt situation and the firm will have a mine lifespan of at least five decades and it has at least 8 times as much unexplored ground/tenements.
General discussion, page-13187
Add WA1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.92 |
Change
0.330(2.43%) |
Mkt cap ! $942.6M | |||
| Open | High | Low | Value | Volume |
| $13.56 | $14.09 | $13.50 | $2.248M | 162.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $13.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.00 | 2730 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |