I see it differently for explorers with top MRE and good resource upgrade upside.
LRS - 45 MRE got them 1bmc a few months back and now around 500m mc.
PMET/PMT - 109 MT valued around 2b a few months back and not 1.3b mc
Both down from speculative high to now fairly valued for their respective MRE.
I think WR1 will be re rate to fairly valued for their MRE of 55mt or more. Plus there is strong upgrade upside after the MRE.
WR1 General Discussion, page-23613
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Last
51.0¢ |
Change
0.030(6.25%) |
Mkt cap ! $109.7M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 52.0¢ | 49.0¢ | $276.0K | 546.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6546 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 66500 | 4 |
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| Last trade - 13.31pm 15/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |