I did an analysis of WC8 to make sure I was not missing anything as I do not get why it’s MC is nearly double LRS.
My conclusion is that WC8 is very overvalued compared to LRS or LRS is very under valued. I do lots of comparisons between deposits and stocks to get a view of value (under or over) as it helps to make better informed investment decisions.
I also concluded I am not missing anything about WC8. I was stunned that 36% of all assayed holes for WC8 had NSI ie no lithium (62 or 171 holes). The weighted average grade of the remaining holes was 0.88%. I am not aware of any Australian producing lithium mine or one in development or one the has down a FS or SS that has a lithium grade less than 1.0% along less than 0.88% Happy to be wrong.
Details of my analysis are in this link.
https://hotcopper.com.au/threads/ann-tabba-tabba-delivers-119-2m-at-1-0-li2o-from-leia.7887304/page-57?post_id=72758089
I did an analysis of WC8 to make sure I was not missing anything...
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Last
12.8¢ |
Change
-0.003(1.92%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $85.76K | 676.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 455761 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1169633 | 41 |
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| Last trade - 12.21pm 12/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |