I understand that. Was heavily invested well before TA1 was fully discovered.
the difference is at what size do you stop drilling and start producing? I would say the 200mt they are showing they have would be that point. Whilst Wc8 is getting set for over 100mt resource with the mining licence in place.
you can’t compare the two resource wise you are correct, however you can compare as to who would have revenues first regardless of resource size. Would take 10-15 years to get thru 100mt plus, more than enough time to drill and prove up more.
I still maintain that Azs’s value at this stage would only be around double of where wc8’s valuation should be on the factors I mentioned above. Hence when I got out of Azs on the takeover offer at $3.50 I moved into Wc8.
just where I reckon it is at.
WC8 Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
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