WA1 4.18% $14.90 wa1 resources ltd

OzBlue - there's a lot of confusion and ambiguity about...

  1. 597 Posts.
    lightbulb Created with Sketch. 703
    OzBlue - there's a lot of confusion and ambiguity about ferroniobium pricing. Because the Nb content of FeNb can vary between suppliers (e.g. CBMM's FeNb supply is often described as 66% Nb, whereas Minsur/Taboca say their supply from from the Pitinga mine is typically 55% Nb), and presumably between batches, in my opinion the price should always be quoted in units of contained niobium (e.g. US$/kg.Nb).

    The Edison graph you show is a particularly poor piece of work. Below is a screen shot of the graph, and the text immediately above it, from the reference you supplied. I have underlined in red two conflicting descriptions of price, the first being per "kg contained Nb" and the second per "kg".

    https://hotcopper.com.au/data/attachments/6257/6257608-ccfdf21d79f6258835d3195072de1628.jpg
    I posted quite a lot on this back in Aug 23 (e.g. https://hotcopper.com.au/posts/69106097/single). I have noticed the continual confusion by some posters ever since. The confusion and ambiguity persists and probably always will - it probably should be considered a normal part of the niobium space. I'm 100% sure that a reasonable current price for FeNb is about US$45 per kg of contained Nb (or US$45/kg Nb for short).

 
watchlist Created with Sketch. Add WA1 (ASX) to my watchlist
(20min delay)
Last
$14.90
Change
-0.650(4.18%)
Mkt cap ! $985.9M
Open High Low Value Volume
$15.51 $15.63 $14.81 $3.380M 221.7K

Buyers (Bids)

No. Vol. Price($)
2 6 $14.87
 

Sellers (Offers)

Price($) Vol. No.
$14.90 887 5
View Market Depth
Last trade - 15.19pm 23/07/2024 (20 minute delay) ?
WA1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.