This is an excellent exploration result in my opinion, but the weakness in market also doesn’t surprise me at all.
The market in WildCat is waiting for sighter results on metallurgy, a Jorc target size (as Azure released) and some external validation (new strategic shareholder, or part offtake/financing options etc) that this Tabba Tabba project can progress without being overly beholden to MinRes and Gina. MinRes have had their hands full of late with commissioning of their new iron ore project and the digestion of some other deals done at the peak of the lithium rush. Dust is settling and MinRes may shortly be refocusing on what they need to be doing with WildCat … so definitely a good time for WildCat to consider all their options and be doing something corporately astute imho.
WC8 Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
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