Rule of thumb for deposit relevance

At 44 cents the fully diluted market capitalisation of Wildcat is estimated at ~$600 million

A leading WA broker right across the lithium sector believes that 100 million tonne economic lithium resource, open cut, nearby a large port should currently have a mid point valuation of around $2.25 billion.

Obviously plenty of water to go under the bridge before Wildcat can talk with great confidence about a resource of that magnitude for Tabba Tabba …. but …

I personally can’t ignore those diagrams comparing other nearby projects, so I’m not going to be at all surprised down the track if Tabba Tabba turns out to be more than 200 million tonnes in time.

early exploration results seem broadly in line with the early results at nearby Pilbara project (which currently enjoys a market capitalisation of $13.5 billion)

Wildcat is the type of stock I’ll be keeping in the bottom draw, primarily because of 3 essential characteristics
- size, open cut and grade
- proximity to large port
- already on a granted mining lease (which otherwise can take a couple of years to get)

The big iron ore boys are all going to want to have a material stake in this lithium corridor, and Wildcat will now be on many shopping lists imho.