Below is my take on the ‘value’ of the Wisa purchase.
As a comparative reference, I’ve looked at Pilbara Minerals’ purchase of Dakota Minerals’ (Now Novo Litio) Lynas Find resource in October 2016. PLS paid DKO $8M for 7.3Mt grading 1.25% Li2O – circa $88/t Li2O. ADV paid $80k for 330,000 t grading 1.25% Li2O - $21/t Li2O, 75% cheaper than PLS purchase. The premium paid by PLS, however, is justified as there is ~20x more Li2O in the PLS purchase. Still, the ADV purchase appears to be a good value purchase at this stage. Hopefully ADV can develop this quickly into a resource of substance. Please do not follow the Seymour model, both in terms of size and duration to prove up a resource piss-willy resource.
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Below is my take on the ‘value’ of the Wisa purchase. As a...
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Mkt cap ! $7.502M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
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1 | 10000 | 12.5¢ |
Sellers (Offers)
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13.0¢ | 11964 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 0.125 |
3 | 144702 | 0.120 |
1 | 14781 | 0.115 |
4 | 227270 | 0.110 |
2 | 90347 | 0.105 |
Price($) | Vol. | No. |
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0.130 | 11964 | 2 |
0.135 | 68926 | 4 |
0.140 | 30449 | 2 |
0.145 | 53438 | 2 |
0.150 | 52174 | 2 |
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