Mate all we have to go off is the most recent lithium divestment in the area, being Azure. Assuming they are exactly the same (which they are not) then the Tabba Tabba deposit puts WC8 at around $2.20 a share.
Yes pros and cons when you put the two deposits side by side, all of which everyone here knows.
Both deposits haven’t been fully explored and mapped also.
No one knows if Tabba Tabba is 86 million tonnes at 1% or 200+ million tonnes at 1.3%. We will have a better idea come July when 100km of samples have been assayed and mapped.
Of course this is assuming a TO scenario. If the company stays the course of bing “the next big producer” then the stock price could be double figures in 36 months from now.
Downside: Black swan event and company goes bust. You never know.
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Last
47.5¢ |
Change
-0.025(5.00%) |
Mkt cap ! $573.1M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 47.3¢ | $911.7K | 1.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13031 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 2063 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
47.5¢ |
Change
-0.025 ( 4.56 %) |
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| Open | High | Low | Volume | ||
| 49.0¢ | 50.5¢ | 47.5¢ | 730023 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| WC8 (ASX) Chart |