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Mutley8

2,722 Posts.

1265

26/03/18

11:01

Post #: 32020387
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Originally posted by vontrader ↑

At 1.9c the fully diluted cap was $49M

Less cash of $3-4M, you are talking an EV of $45M

Other than the current Cobalt leases they paid $100K for, what are people buying currently ?

Anyone want to give a breakdown in valuation ?

Or it is the combination of "Cobalt + DRC + JB + ML" warrants a $45M EV, they are the dream team ?

If all people are paying for is the JB + ML combination, I'd ask which mines has either ever found, or lead from discovery to production ?

If this was worth $10-15M, it wouldn't cop half the scrutiny as it wouldn't carry 3-5 times the risk ...

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WFE is being judged on its new acquisition or acquisitions which is a ripper by the looks of it.

Your evaluation is flawed same as last week.

Why do you spend so much time and effort on a stock you don’t hold and don’t like??
Seriously it defies belief.

WFE Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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