As WR1 is currently still on the exploring stage, similar players are PMT and WC8,
WC8 is estimated to be similar tonnage but its location is more favourable, so its valuation is around 5 times of WR1.
PMT is in the same region, but has a larger resource, maiden resource 109Mt @ 1.42% Li2O, enterprise value is around $1.2 billion (~$313/t LCE).
WR1,enterprise value is around $160m (~$98/t LCE).
Chris said just few days ago, current cash is comfortable for next 12 months drilling, and next resource update is due in 8 - 12 weeks.
WR1 is significantly undervalued, imo.
As WR1 is currently still on the exploring stage, similar...
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Last
$1.26 |
Change
-0.030(2.33%) |
Mkt cap ! $239.4M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.31 | $1.25 | $897.5K | 704.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.26 |
Change
-0.030 ( 1.31 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.30 | $1.25 | 132802 | ||
| Last updated 15.58pm 07/05/2024 ? | |||||
| WR1 (ASX) Chart |