I agree with your view - still very over valued for what is a low grade deposit. Low grade lithium = high cost which will not survive except when lithium prices are very high. Close to ports and a ML only count for so much. One has to have rose coloured glasses to rate WC8 as a buy or even a hold at current prices.
I expect all the WC 8 chums to criticise me about my views but I deal on facts.hidden in announcements.
Go and look at the detailed assays not just the highlights and you will see it’s a low grade deposit in the making in a tiny tenement. So many investors get conned by the highlights in company announcements without looking at the detail
Look what happened to CHN’s SP down almost 90% from its peak as it is a low grade deposit. So many investors brought the CHN hype and marketing BS from the CEO. Yes it’s a big deposit but it’s not economic at realistic metal prices and a realistic cost of capital. The message from CHN (and RTR and many other deposits) is that even if it is a big deposit if its low grade it’s not necessarily economic.
WC8 SP has a lot further to fall. One must remember only about 1% of discoveries end up as a mine.
Now I wait for the barrage of criticism from heaps of posters which I expect will have few facts to justify their views (its normal).
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $267.0M |
Open | High | Low | Value | Volume |
22.5¢ | 22.8¢ | 22.0¢ | $367.1K | 1.650M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 167903 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 41921 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28352 | 0.220 |
1 | 276800 | 0.215 |
1 | 83311 | 0.210 |
3 | 122000 | 0.205 |
5 | 211281 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 23893 | 1 |
0.235 | 120000 | 2 |
0.240 | 95755 | 4 |
0.245 | 126000 | 2 |
0.250 | 335000 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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