Its possible the 90m is wrong - not sure how one can tell the TW reliably when the company has not published sufficient information to properly assess TW but maybe I am wrong - I have seen situations (eg AZS) where a company has not been able to calculate the TW for some holes - it depends on how it hits the pegmatite and its direction and shape.
Re WC8 an interesting comparison - WC8 looks very fully valued at a MC of $520m or $670m including all options (many are well in the money) given the assays results to date show an average grade of about 0.80% with TW's which were reasonable but great. To date IR1 has better assay results - higher grade and thicker TWs but the MC is is 50% to 60% lower. I do not believe IR1 is under valued based on the limited assay results produced to date but that may change based on the next set of assays.
Ann: Diamond Drilling to Commence at the Beecher Project, page-22
Add IR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
-0.003(1.23%) |
Mkt cap ! $27.32M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $10.19K | 51.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18833 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 24000 | 1 |
View Market Depth
| Last trade - 15.09pm 23/08/2024 (20 minute delay) ? |
| IR1 (ASX) Chart |