The problem is the development costs and labour.
The big attraction of Latin is that it will will cost $400mil to get it producing 500mt a year.
They have cheap energy (Hyrdo) and plenty of cheap labour.
The project economics make it far more attractive then WC8. The risk as you point out, is juristiction. On that basis I'm not sure you can make the claim Wildcat is worth more.
It's all about low capital intesity projects at the bottom of the cost curve. Wildcat is stil attractive but I think there is a lot of false equivalence in your post.
PLS takeover for LRS is highly positive for WC8, page-4
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Last
26.0¢ |
Change
-0.015(5.45%) |
Mkt cap ! $319.5M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 25.5¢ | $962.5K | 3.663M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 253261 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 62724 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |