How can you say it's overvalued at 20c (IPO price)
The IPO raised about $6-$7m which has been designated to complete the drilling program over the next 2 years.
At point of IPO; cash held = market cap
Considering the above it's ignorant to say it's overvalued.
Yes its a far way off being a successful producer, but this thing should only be valued up as it's assets increase (Resourse defined), the only down risk I see is finding nothing while burning the cash in the drilling program.. Otherwise it's a great opportunity to make some great money on the discovery of any resource.
johnston range., page-6
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WBT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.73 |
Change
0.350(14.7%) |
Mkt cap ! $518.4M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.73 | $2.40 | $3.852M | 1.482M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8666 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 6829 | 3 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |