From BlueSwims' post above, it looks like someone with good geo technical background has put an estimated resource of 18mt for Jamar alone, with more possible if extensions are proven.
Add on whats known at Cancet we have over 20mt of high grade, high recovery and low capex cost / minimal strip ratio deposit.
20mt = 2 x $150m or $300mil market cap just on in-situ resource value without attributing any premium for anything else.
I believe WR1 should be at least a half billion market cap in the short term based on current resource alone.
All imo
From BlueSwims' post above, it looks like someone with good geo...
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Last
73.0¢ |
Change
0.055(8.15%) |
Mkt cap ! $157.9M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 75.0¢ | 67.5¢ | $639.2K | 889.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36699 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 1967 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |