This stock is still very cheap, especially compared to PMT, as it will be quicker into production and has a dramatically lower EV. North America is a discrete market for Li plays and I think WR1 is a strong enough project to attract a buyer or strategic this year. It also has $50m in cash. Just on valuation terms I reckon there is a double in this over the next few months if the Li price remains intact.
Agree dtab, from the sp action, it does feel like something is brewing.
WR1 General Discussion, page-26967
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Last
57.5¢ |
Change
-0.025(4.17%) |
Mkt cap ! $124.3M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.5¢ | 57.0¢ | $204.3K | 350.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17212 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 6000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |