Agree! The loose hands were dusted out over the past few months. Still feels like retail volume but that may just be because of the lack of sell side volume available.
@$0.30, the enterprise value for the 5 projects is only A$26m. Plenty of upside. Should Cancet hit the lower end of the MRE target of 15Mt @1.5% Li2O, that's 560,000 tonnes of contained of LCE. To put that in perspective, SYA bought 60% of the Moblan project (close to Cancet) for US$86.5m and that project had a MRE of [email protected]%. Thats the real low hanging fruit. and even after Cancet value, there is still 4 more projects!
Expect we will see insto buying closer to resource release date. Some of them like to tip their toes in the water to get that pop and if its positive, they generally add more.
Until then, very happy to hold as it runs its course.
WR1 General Discussion, page-184
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Last
51.0¢ |
Change
-0.015(2.86%) |
Mkt cap ! $112.9M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.0¢ | 51.0¢ | $260.9K | 505.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 96339 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 8525 | 3 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |