But if August comes and WWI isn't at or above 12c then they're worthless. So I highly doubt you'll be trading them for 4c in August.
For these options to be worth 4c WWI has to be worth 16c or a ~$278M market cap.
Given the post tax project NPV of all four stages attributable to WWI is only $147M that's an extremely bold bet. Even if you ignore the 66% allocation it's still more than the entire post-tax NPV of $223M.
Or if you just focus on the DFS NPV of Stage 1 (which might be sensible given the proximity to August) the pre-tax NPV (not even adjusting for the 66%) is $205M so you're betting that WWI will be worth 35% more than it's project's NPV ignoring project ownership.
A bold bet indeed.
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1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $38.12M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $17.56K | 1.170M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 4021999 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 4021999 | 0.014 |
6 | 1760000 | 0.013 |
4 | 1557223 | 0.012 |
9 | 2525922 | 0.011 |
13 | 3763999 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 50000 | 1 |
0.016 | 869709 | 4 |
0.017 | 1936158 | 10 |
0.018 | 1483827 | 4 |
0.019 | 728001 | 5 |
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