With the recent revelation, from a known WKT detractor, that WKT could be making a profit of USD $4M per month it is interesting to see that the market cap is only AUD $94M.
Imo, the market is still risk averse and waiting to see the drawdown of funds from the Tanzanian Bank before a re-rate. The other milestone being the signing of binding offtakes that we will expect once construction is well underway. Once these agreements are signed, no amount of games will be able to hold the price down because buyers will be flocking until such time that a good portion of a projected earnings multiple market cap is achieved.
It's rare that I see a stock where I can feel confident that it will be multiples higher in a year without having to rely on exploration results that could go either way.
DYOR
GLTAH
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- Possible $64M EBITDA. MC $94M
Possible $64M EBITDA. MC $94M
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