Adina has nearer-term production and much lower capital intensity than Corvette, so yes there is an easy case to be made that WR1 should be valued higher than PMET.
The Adina resource is less but km drilled / tonnes of Li2O discovered are basically the same. It will continue to grow.
And of course Adina's high grade zone is at surface, whereas Corvette's is underwater and may never be mined. WR1 will start mining 1.4-1.5% grade whereas PMET is forced to start mining 1.1% grade.
many such stories in mining history, hyped projects crashing and burning, the tortoise beats the hare etc etc
Adina has nearer-term production and much lower capital...
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Last
$1.06 |
Change
-0.005(0.47%) |
Mkt cap ! $201.2M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.10 | $1.05 | $507.3K | 473.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15943 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.06 |
Change
-0.005 ( 0.62 %) |
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| Open | High | Low | Volume | ||
| $1.08 | $1.08 | $1.05 | 54241 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| WR1 (ASX) Chart |