The value equation for ALB v Wr1 are different planets. And represent different buoyancy.
They are an industrial major of the sector.
We are a value proposition for a development that is a few years in the making. Our bets are on the future pricing of lithium, not so much in the fray of present.
At 108m mc - 45m cash, EV of 63m with a line on a 1 billion dollar Renard option, fast forward pass on Capex, finance, and approvals.
Our buoyancy should be measured against the likes of LRS with a 400m mc or so, similar capex requirements.
Ann: Renard Project Update, page-164
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Last
57.0¢ |
Change
-0.025(4.20%) |
Mkt cap ! $126.2M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 61.0¢ | 56.5¢ | $621.5K | 1.063M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13655 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 3478 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |