What abuse? I was berated for saying that Australian mining and environmental regulations and our litigious society likely would not allow a new mine to get started as quickly as they used to in the 1960s. [I hope the stars align and it starts up ASAP, Australia is IMO underdeveloped and overregulated].
Do you think this is true or untrue?
The most imperative factor here to the upside is time to get the mine started. WA1 manages its capital raises well so dilution isn't really an issue. They can do an effective CR and reinvest to ramp up production.
If they came out after the resource estimates were made and gave a very short and well-funded plan to start production and sales, this thing could exceed any currently reasonable valuation.
Here's the thing. The longer it takes, the less value this share has now.
General discussion, page-7513
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Last
$17.89 |
Change
1.120(6.68%) |
Mkt cap ! $1.097B | |||
| Open | High | Low | Value | Volume |
| $16.80 | $17.94 | $16.37 | $6.402M | 376.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2422 | $17.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.92 | 1000 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |