At $2.55, Comsec's view that NWH has a 62% upside suggests a value of $2.55*1.62% = $4.13. I actually believe NWH is worth circa $4.00, and the current SP is the result of a significant long-term market imperfection that I have previously referred to as a zeitgeist (spirit of the time). Consequently, for now I see $3.00 as a doddle.
As an aside, on reflection, my previous post on lithium-from-kaolin was ill considered. One can only find lithium in kaolin-bearing clays that contain a lot of a mica called lipilodite, and this is not the case for many, if not all, the kaolin deposits in WA, and probably Australia generally.
2022 General News etc, page-290
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Last
$3.62 |
Change
-0.030(0.82%) |
Mkt cap ! $1.655B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.64 | $3.59 | $3.482M | 962.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 15302 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.64 | 8127 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| NWH (ASX) Chart |