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
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I did an analysis of WC8 to make sure I was not missing anything...
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $699.8M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 23.3¢ | $3.410M | 13.92M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 242237 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 165760 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 242237 | 0.240 |
8 | 379255 | 0.235 |
24 | 743412 | 0.230 |
8 | 571887 | 0.225 |
9 | 572275 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 165760 | 3 |
0.255 | 105000 | 2 |
0.260 | 213700 | 9 |
0.265 | 344040 | 10 |
0.270 | 799535 | 13 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
24.8¢ |
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Change
0.000 ( 1.36 %) |
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Open | High | Low | Volume | ||
24.5¢ | 25.3¢ | 23.3¢ | 4325933 | ||
Last updated 15.59pm 30/05/2024 ? |
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