50mt @ 1.25% = 445 aud /t Li2O
at 1100 aud /t = 688m MC = 3.80 SP
for 120mt @ 1.25% valued at 1100 aud /t = 1.65bn MC = 8.60 SP
@patience suggests a sub-50mt MRE would be a disaster, but it really depends what the SP is prior to the MRE. If it's still at these levels I think we can easily anticipate a rise to 800 aud/t Li2O, i.e. for 50mt = 500m MC = 2.80 SP.
800 aud/t is a conservative target, still well below valuation of other decent spod resources out there. PMET and LRS have come off their highs are at 1100 aud/t, as imo are a few TSX-listed plays with unproven resources like LIFT, and even PWM (if they have 4mt @ 1.4%)
Considering WR1 almost certainly has 50mt just from the 18,000m of assays to date, I think after another 20,000m+ the company should conservatively be able to release a MRE of at least 75mt.
75mt @ 800 aud/t = 750m MC = 3.90 SP
75mt @ 1100 aud /t = 1bn MC = 5.35 SP
Josh the reddit geo did good modeling work on LRS and PMET and thinks we already have 75mt. He projects 125mt by June 2024.
- Forums
- ASX - By Stock
- WR1 General Discussion
50mt @ 1.25% = 445 aud /t Li2Oat 1100 aud /t = 688m MC = 3.80...
- There are more pages in this discussion • 10,428 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WR1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.31 |
Change
0.000(0.00%) |
Mkt cap ! $249.9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 182 | $1.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 182 | 1.375 |
1 | 2000 | 1.320 |
1 | 34 | 1.310 |
3 | 24606 | 1.300 |
3 | 7387 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.245 | 143 | 1 |
1.295 | 2065 | 1 |
1.310 | 10000 | 1 |
1.320 | 758 | 1 |
1.325 | 4000 | 1 |
Last trade - 09.18am 13/05/2024 (20 minute delay) ? |
Featured News
WR1 (ASX) Chart |
Day chart unavailable
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online