That's because WR1 MC is around $200m and this is $800m plus at still a very early stage. Some will always take profits on big news, especially traders (surely you should know this given your name?).
It's undoubtedly one of the best lithium deposits/discoveries in the world (I still can't believe 25m at 5%?! Almost don't need to even process that!) but the upside is more limited to some due to the already very high market cap given early stage of development.
Ann: Patriot Drills 156.9m of 2.12% Li2O at the CV5 Pegmatite, page-93
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Last
52.0¢ |
Change
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Mkt cap ! $316.6M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 53.5¢ | 49.5¢ | $700.7K | 1.358M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27226 | 52.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 20559 | 1 |
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