It appears likely that a minimum mine resource of 10mt @ 1.5% Nb will be defined before the end of 2023.
150,000 tons of niobium resource must have an in ground value of around $5000 per ton given the global price of $67,000 AUD per ton for Ferro Nb.
150,000 X $5000 = $750m
Divide by SOI (53M) = $14.50 per share without moving a bucket of dirt,(wiwo price).
WA1 has a good chance of exceeding this target and a larger deposit is probable?
It is only a matter of time before large global steelmakers and other interested parties will be pounding on WA1's door!
Ann: Institutional Placement, page-308
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Last
$21.30 |
Change
2.140(11.2%) |
Mkt cap ! $1.306B | |||
| Open | High | Low | Value | Volume |
| $19.30 | $21.77 | $19.30 | $10.37M | 496.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1332 | $21.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.30 | 4997 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |