Yes every deposit has NSI but 36% is just extremely high. Never seen anywhere near that proportion.
I wanted to make sure I was not missing anything and my analysis tells me I sure ain’t. Mis- pricing of stocks especially mining stocks is very common and WC8 clearly falls into that category - just look at CHN, RTR, etc.
You can wear your rose coloured glasses by ignoring facts. I analysis lots of stocks and compare them as it allows one to understand whether the SP is over valuing or under valuing a company - I that for a variety of different commodities.
I notice you did not answer my question of any Australian lithium stocks with operating mines or being developed of have a SS or FS with a grade below 1%. I am not aware of any but happy to be proven wrong. Bald Hill has 1% and that is the lowest I am aware of - look at its poor record.
I saw a post last year of an investor who brought a mining stocks to see it soar to a level that he/she was $5m and then lost it all as the SP went right down to a loss for the investor.
AZS is a quality deposit with a grade according to BP that will be 1.35% (their estimate not mine) which is 50% higher than WC8 and a size that will be multiple times WC8 in a tiny tenement. Chalk and cheese - they are very different quality.
WC8 Price at posting:
71.0¢ Sentiment: None Disclosure: Not Held
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