I think that over a longer period of time, the market generally gets the price right.
WCL has 211Pj of 3P one could say at 40c it is worth $84m. However what about flow rates, what about the uncertainty of conversion to 2P, what about nearly no drilling results from July to Oct....
The reliance on commissioning the Shramm (after the the monopolist rig company tried to blackmail WCL) was a major problem between July and Oct.
I am not a trader. I research and hold till it comes good
WCL Price at posting:
34.1¢ Sentiment: Buy Disclosure: Held