So based on the range of values given by 5 research reports on the company, as a multiple of today's market cap, the share price is valued by them at roughly 4 to 7.5 cents. Ignoring the effect of options. And ignoring Sandfire's participation. Very rough calculation didn’t even use the back of an envelope. Think I'll put in a bid at 0.5 cents just to be cheeky.
Ann: WRM - Joint Venture Agreement signed with Sandfire Resources, page-16
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