At a $1.4b marketcap for WA1 and $500m ebitda projections...

At a $1.4b marketcap for WA1 and $500m ebitda projections long-term I guess with a conservative x10 multiple that would be a $5b marketcap assuming it gets to that ebitda in a few years time. How long 5 years?

So upside about x3 or x4 in marketcap ($1.4b to $5b) and less for shareprice upside potential if you consider a bit of dilution to raise capex for a plant but maybe if WA1 has a great deposit a chunk can be raised of the capex via loan(s) and offtakes underpinning the loans..

Anyway amazing run by WA1 15c to $23 about x150 but from here you can't compare to the likes of SUM from a low marketcap for potential upside if drilling proves up a decent discovery. The risk adverse won't even enter SUM unless it can prove up.a discovery and then big money would come as happened on WA1 for instance..