have a read up on azure , extract uranium Namibia from 2012 after a discovery in 2008
ltr had takeover bid pre revenue at $6billion
you will realise that mining companies that make a Tier one discovery go for sale for usually $2-3 billion
even lrs which is smaller than wa1 so far is going for $600 million from memory … this only has a jorc or 72mt so contained resource 720kt and not even close to wa1 initial contained resource of 2mt. Lithium versus niobium but similar high value metals and complex processing.
mining companies can make 500millon to $1 billion in revenue for 25 plus years (or longer in wa1 case) so $1 billion Is chicken feed.
General discussion, page-13185
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Last
$13.68 |
Change
-0.310(2.22%) |
Mkt cap ! $887.3M | |||
| Open | High | Low | Value | Volume |
| $13.97 | $13.97 | $13.52 | $2.072M | 151.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 155 | $13.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.71 | 827 | 1 |
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| WA1 (ASX) Chart |