It has a proven resource, it has started setting up manufacturing. It is in an area of manufacturers of the product without the need of shipping, Pumps straight out of the ground without even the need of the pump due to the pressure of the reserve, it is fully funded and is trading at 9.5c currently due to the value of the lithium market.
Yet, you want to pay 41c or more, for another lithium company that isn't even 100% sure it has "as you say" 100mt of product in the ground?
ASN will be a producer under the name of Anson resources. WC8s best chance here is when the price drops down to 10c that Minres buys it for pennies in the dollar!
If I was a betting man,(which I am) id take the short priced favourite in this market.
WC8 Price at posting:
41.0¢ Sentiment: Sell Disclosure: Not Held
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