If you add the likely capex bill to the market cap, WC8 trades close to $1.5bn.
That makes very little sense to me when LTR is producing and trades at $2bn. Not sure where the upside comes from once you take the future dilution into account (also taking into account SC6 @ $756/t currently).
Maybe there’s some sort of takeover premium baked in, but that seems less likely to me given the existence of MIN on the register (unless they do it themselves, which they clearly can’t).
RIO takeover for LTM (Arcadium) is also highly positive for WC8, page-99
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 (20min delay)
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $171.4M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.8¢ | $269.8K | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1921382 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 24202 | 10 |
View Market Depth
| Last trade - 13.25pm 18/06/2025 (20 minute delay) ? |
| WC8 (ASX) Chart |