Nice to see some interest come in but agree that this is still relative value compared to peers and presents one of the risk vs return.
They have a high grade spoddumene resoure (cancet) which will be JORC defined within the year. Then four prospective projects on top of that.
If they hit +10Mt at +1% Li2O on Cancet alone (which looks like they will at least double), were looking at +$60m EV or almost $0.60 per share. 20mt@2% going to see us over $1.Then there is exploration upside on the 4 other projects with strong nearolgy, which is easily worth $10-30m of value.
Still one of the best RvR lithium plays.
WR1 General Discussion, page-155
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Last
$1.35 |
Change
-0.050(3.57%) |
Mkt cap ! $257.5M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.42 | $1.31 | $1.585M | 1.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 5145 | 2 |
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| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$1.35 |
Change
-0.050 ( 3.64 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.37 | $1.32 | 119370 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| WR1 (ASX) Chart |