Why WC8 is prepping to burst to the upside - Chart inside!, page-17

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John515

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12/04/24

21:31

Post #: 73323921
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Originally posted by calmbeforestorm: ↑

Due to the poor responses to my views on WC8, I consulted geologists and mining experts for a view. The organisation I consulted have identified a long list of potential tier one and tier two discoveries at an early stage. They identified WC8 to be one of those last year. Not all the stocks they have identified have ended up with an economically viable deposit or good SP gains (eg CHN<, ALK, IR1, etc) but most have had extremely good returns.

I asked them what their current view of WC8 was and this is what they stated early today (I agree with them on tons):

"In our view WC8 has certainly made a sizeable discovery, its shortfall comes from its grade (as you mentioned) and the deposits geometry which is not ideal from a mining and waste ratio perspective. We believe that the deposit would struggle economically on its own.

At this stage we estimate a resource sized between 80-100Mt @ 0.8-0.9%, this is well below average grade indeed (we like to see >1.1%)"

Seems their view is the same as mine, funny about that!

Why would an informed investor buy shares in a stock with a MC of circa $1b including all the well in the money options, with a project that would struggle to be financially viable on its own? Uninformed or naïve investors, speculators and maybe up-rampers and dumpers would.

All the up-rampers can all stick it up your pipe and smoke it as you are all drinking the green cool-aid of WC8 management and board hyping this stock. Good luck as you all need it.

I will not be reading any responses or responding to comment to this post so you can comment all you like as it will be a waste of time.

There is an old saying something along the lines of the investor with the most data and information is the best investor ie do thorough research to be a good investor or lose money.

PS: the place to be now and in the next 12-18 months are gold, silver, copper, zinc and tin stocks, not any lithium stocks unless the lithium price goes up substantially.

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And other experts have a very different opinion. Respect that.
You don’t like it? Walk on.
Thanks for trying to “save” us all thought. Admirable.

WC8 Price at posting: 57.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.5¢		Change -0.005(1.52%)		Mkt cap ! $389.1M

Open	High	Low	Value	Volume
33.5¢	33.5¢	31.8¢	$508.3K	1.559M

Buyers (Bids)

No.	Vol.	Price($)
4	25156	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
32.5¢	35248	2

View Market Depth

No.	Vol.	Price($)
4	25156	0.320
2	172800	0.315
6	245217	0.310
9	366745	0.305
8	171002	0.300

Price($)	Vol.	No.
0.325	35248	2
0.330	700	1
0.335	58614	2
0.340	92371	4
0.345	70000	2

Last trade - 16.10pm 24/06/2024 (20 minute delay)

WC8 (ASX) Chart

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Why WC8 is prepping to burst to the upside - Chart inside!, page-17

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