Won't take a lot of volume based off history on this stock to get it back up again. Several chances left on this one yet and Medcalf isn't over yet. I'm in WR1 as-well.. I jumped the gun on this one too, but still quietly confidant.
Best comparison is Manna deposit. We just need high grades on the assays for this to pop 1m-5m x 2-5 with 2% etc hits and we should rocket upward. Technically this is going to consolidate and build support around here untill results, unless someone with 300k-500k cash wants to get it moving faster.
Remember a 2-5mt deposit with high 2% + grades is the same as a 4mt-10mt deposit, but should have better economics due to higher grades and be high value DSO at a minimum...
We have 7m cash in the bank, so our EV is around 14 million... Ridiculously cheap in comparison to many other lithium stocks that have much less showing. Assays due end of Feb and drilling in ongoing. Talks of diamond drilling and MRE = very nice to see and makes me think we will get some high value spodumene DSO out of this at a minimum, just like they did with Ceasium over at ESS. Even if its 2mt @ 1.5% x $1000 = 2 billion dollars of material...
TechnicallywWe're oversold with a rounded formation in place currently following a downward channel. Getting back above 34.5 was key, as this is a support area, so we broke a resistance line today. Gaps are now closed, which makes the chart look much healthier. A lot of buying has occurred above these prices, so a market mover/smart money who's already in could bring change our trajectory upward very quickly. Low SOI and price history suggests not much volume is needed to move this stock.
Not financial advise. My opinion. DYOR!
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