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
LRS General Discussion, page-16996
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $685.8M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 23.3¢ | $2.306M | 9.473M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 467431 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 64683 | 12 |
View Market Depth
| Last trade - 13.57pm 30/05/2024 (20 minute delay) ? |
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Last
24.5¢ |
Change
-0.005 ( 2.35 %) |
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| Open | High | Low | Volume | ||
| 24.5¢ | 25.0¢ | 23.3¢ | 3136836 | ||
| Last updated 14.18pm 30/05/2024 ? | |||||
| LRS (ASX) Chart |