I think it is warrain…. What boat is on your wish list?
This lithium correction is continuing to feel like a coil getting wound tighter and tighter, particularly with stocks like Pilbara and WildCat.
WildCat are drilling hard despite things generally being nervous, as they have the money, and they know some big boys will be looking over the fence and ready to move when lithium market sentiment improves, when metallurgy confirms no issues, and when JORC MRE minimum of 60mt.
The more value adding and the more de-risking undertaken, the higher the inevitable take out price will be.
i would personally rather own the WildCat leases than the Azure leases. (Despite current pricing differential)
I believe the 2 orebodies will both end up being 100mt plus I think the average grades will be similar i think strip ratio at Leia may end up lower (from surface, good true width and continuity and easier to mine as consistent style of spodumene mineralisation) I think processing of Leia ore may be easier (less lepidolite and other elements not desired in sale products) WildCat should be developed quicker than Andover (as granted ML) WildCat is closer to Port Hedland
WC8 Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
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