Good analysis Cable.
I agree ,WC8 is overvalued.
Its low grade, but large volume maybe??
I don't think there is even a JORC compliant MRE yet?
What the mapping on their last announcement showed was near vertical seams,
so an underground mine is certain which increases the costs big time.
I think it's marginal, unless prices climb a lot.
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17.0¢ |
Change
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Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.5¢ | $1.608M | 9.399M |
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| No. | Vol. | Price($) |
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| 26 | 2237794 | 16.5¢ |
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| 17.0¢ | 250000 | 1 |
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