This is a ridiculous comparison, and if people are using this sort of crap and wondering why they arent valued closer to PMT need to rethink their investment research.
PMT used a pit constrained MRE, if they went by the same rules, PMTs deposit is more likely 3 times the size, and then theres the grade. 1.1% compared to 1.42% is a hell of a big difference.
Now with the MRE increase from both companies, very soon no doubt PMT will be closer to 200mt at 1.4% and maybe 250mt using a non pit constrained resource. WR1 maybe what? 80mt @ 1.1-1.2% at the most?
This is why PMT is valued 4 times higher then WR1, not to mention the land package potential between the 2 in regards to further potential.
Do i think WR1 is a buy? Yes, i think WR1 should be valued at 500mil and eventually 1bil, but i also think being valued 4 times cheaper then PMT should be a thing also.
This is a ridiculous comparison, and if people are using this...
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Last
$1.24 |
Change
-0.065(5.00%) |
Mkt cap ! $235.6M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.32 | $1.24 | $1.102M | 872.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9005 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 548 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
-0.065 ( 5.15 %) |
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| Open | High | Low | Volume | ||
| $1.30 | $1.32 | $1.24 | 248989 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| WR1 (ASX) Chart |