And WC1 sitting at market cap of only $2.8m. Dilution is definitely a risk and probably what's holding this back. Key will be management getting bang for buck progress on the project to drive value before raising.
I am liking management's approach thus far. I think this initial met work is the way to go, it only costs ~$50k for a modest met program and that can massively derisk the project in demonstrating no metallurgical red flags. Then we can circle back to (much higher cost) additional drilling to prove up size and grade knowing we can process it cheaply/simply to high grade products.
Too many companies burn cash drilling extensively without any met work to prove it can be processed. If this antimony was weathered and present as stibiconite, and/or the copper weathered (malachite, cuprite etc) then the project would be dead in the water without flotation. Same goes for if the antimony was fine grained and disseminated in non-sulphide gangue requiring ultra fine grinding and extensive cleaning. At least we know now that those risks are largely resolved, but it appears the market may need more convincing? Definitely some value here at 1.6c, I have topped up over the past few days.
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WC1
west cobar metals limited
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1.8¢

And WC1 sitting at market cap of only $2.8m. Dilution is...
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.750M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.8¢ | $8.968K | 498.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44406 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 75200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 44406 | 0.018 |
6 | 1028800 | 0.017 |
6 | 1276687 | 0.016 |
4 | 1626666 | 0.015 |
3 | 1681427 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 75200 | 2 |
0.021 | 814095 | 1 |
0.022 | 105263 | 1 |
0.023 | 900000 | 4 |
0.024 | 416666 | 1 |
Last trade - 10.38am 22/07/2025 (20 minute delay) ? |
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WC1 (ASX) Chart |