WR1 is sitting at approx $317m market cap fully diluted. All things considered, we are still at an early stage and imo, this valuation is remarkeble considering the limited assays released so far. I honestly never expected this valuation at this stage and dont believe it has sold off.
PMT got annihilated post a few days from listing after hitting a high of around $1.85 from memory whilst WR1 was surging.
PMT's last assays were remarkeable, freaky actually and its now re-rating after covereage from brokers and a general recovery in the lithium sector.
As mentioned previously, PMT are looking at delivering a 200mt resource mid year and applying $150mt per every 10mt, gives a valuation of around $3B, so it could double from here.
WR1 at this, its way too early to predict the size of the conbined deposits but lets say based on the info we have a ballpark figure of 20mt could be announced mid year, however they'll need to get cranking on drilling.
20mt x 150mt gives a valuation of around $300m. If we get lucky on strike extensions & depth, then 40mt is possible, so we could also double from here.
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Last
52.0¢ |
Change
-0.010(1.89%) |
Mkt cap ! $112.4M |
Open | High | Low | Value | Volume |
53.5¢ | 54.0¢ | 50.5¢ | $187.4K | 364.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19801 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 2578 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19801 | 0.505 |
1 | 2000 | 0.500 |
1 | 20000 | 0.495 |
1 | 1500 | 0.490 |
2 | 102000 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 6884 | 1 |
0.545 | 5506 | 1 |
0.555 | 5000 | 1 |
0.560 | 54118 | 2 |
0.565 | 5000 | 1 |
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
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