WA8 1.43% 6.9¢ warriedar resources limited

Not seriously given it any thought mate as the chance of this...

  1. 4,178 Posts.
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    Not seriously given it any thought mate as the chance of this happening in the short term is remote.
    The same can't be said for the American asset.
    What would be a fair price for permitted 1-million-ounce deposit with an active mine plan in Nevada that sits within 30km of a mill?
    At $20 an ounce (lowball IMO) that's 30 million AUD.
    At $40 an ounce (fair price) that's 60 million AUD.
    Gold is trading at $2,500 USD, does anyone seriously think that $40 an ounce is an excessive valuation?

    My thoughts are this.

    Let's say we chose Big Springs price between the lowball 30 and fair 60 million valuation (Big Springs = 45 million).
    WA8 Current Market Cap is 52 million.

    So essentially the market is valuing everything below at 7 million AUD;
    * Golden Range permitted 870koz gold inventory, mill, 200 room mine camp, TSF facility, grid power, water supply, Sb potential (government grant potential) etc
    * Fields Find Copper Gold tenements
    * Second Fortune Gold Mine 1.5% NSR royalty
    * 9.6 million cash




 
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Last
6.9¢
Change
-0.001(1.43%)
Mkt cap ! $52.65M
Open High Low Value Volume
7.0¢ 7.0¢ 6.5¢ $247.9K 3.645M

Buyers (Bids)

No. Vol. Price($)
1 7315 6.9¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 371579 1
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Last trade - 16.10pm 27/08/2024 (20 minute delay) ?
WA8 (ASX) Chart
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