two other important distinctions,
- FL has a stranded asset and mgmt have been forced to plan a conversion plant on site (1bn usd capex for 160ktpa SC6 converted into just 20ktpa chemicals.)
- FL spod does not appear amenable to DMS-only flowsheet (per study referenced above)
FL have had some great drill results and surely their deposits will grow in size. But anyone saying WR1 and FL are similar have no idea what they're talking about. We currently see many Canadian-listed companies with much higher valuations than they ought to have, compared to ASX-listed ones.
Ann: A$34m equity raise at a significant premium, page-236
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Last
73.0¢ |
Change
0.055(8.15%) |
Mkt cap ! $157.9M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 75.0¢ | 67.5¢ | $639.2K | 889.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36699 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 1967 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |