We have a fantastic ore body on our hands with grade and width increasing at depth . Its hard to put in perspective the scale of this resource so early in the piece but IMO this is Tier 1 material with PLS mark 11 potential and the scary thing is this is only a minute part of Tabba / Boltcutter.
100mill $s raised at the bat of an eyelid and Min Res positioning itself on the register to the tune of $168 million $s speaks volumes about the quality of Tabba .
I can see this playing out 1 of two ways -
We have multiple takeover offers bidding up the Share price to somewhere between $2 -$5 . With the 100 million $ cash injection being taken into account WC8 is a significantly more Interesting proposition especially considering how within 2months after AZS raised $120 million $s , SQM launched its take over deed.
OR
We go at it with a partner /Jv arrangement all the way to production which is a nice option to have considering the mining license we already have .
I have faith that management will have its loyal shareholders interests at heart in their decision making process. It’s going to be a very exciting 6 months ahead for all involved. Gltah
WC8 Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
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