A very comprehensive research report from "Independent Investment Research (Aust.) Pty Limited" about WKT values the company at 64c. This is about a 450% rise in their share price from that of today. This would give the company a market cap of $238m. A 450% rise in the sp for Volt would see the price at 10c.
Whilst the report is about WKT, there are a few points of interest worth considering and comparing to VRC's proposed mine. If WKT is able to achieve that sp in the future, it would be great for their shareholders and the company. Similarly, VRC was to achieve a similar mc, and a share price of 10c, then equally, VRC shareholders and the company would be very pleased!
Let's hope that VRC does find the funding to make it happen!
https://www.wkt.com.au/wp-content/uploads/2019/03/190319_WKT-IIR-Research-Report-update.pdf
Quote from the report:
"We have updated our valuation for Walkabout, with a risked figure of A$238 million, orA$0.64"
A very comprehensive research report from "Independent...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $20.79M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $5.49K | 1.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 30298271 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5169200 | 6 |
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| Last trade - 15.13pm 28/06/2024 (20 minute delay) ? |
| VRC (ASX) Chart |