That's because WR1 MC is around $200m and this is $800m plus at still a very early stage. Some will always take profits on big news, especially traders (surely you should know this given your name?).
It's undoubtedly one of the best lithium deposits/discoveries in the world (I still can't believe 25m at 5%?! Almost don't need to even process that!) but the upside is more limited to some due to the already very high market cap given early stage of development.
Ann: Patriot Drills 156.9m of 2.12% Li2O at the CV5 Pegmatite, page-93
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Last
46.0¢ |
Change
-0.010(2.13%) |
Mkt cap ! $246.2M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.0¢ | 44.5¢ | $1.983M | 4.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19879 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 52070 | 4 |
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| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| PMT (ASX) Chart |