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These numbers seem prescient now

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3,282 Posts.

1071

09/05/24

17:59

Post #: 73748599
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Originally posted by Tcb007: ↑

Frontier Lithium has a market cap of A$238m and cash around A$17m, excluding their JV with Mitsubishi. They will end up with 75% of the project if Mitsubishi complete tranche 2 of the deal. EV is around $221m

At $238m market cap, WR1 share price will be $1.26 + they have A$53m in the bank. WR1 EV at $221 = $1.44 share price.

So anything under $1.44 tomorrow will be cheap as chips. How Frontier funds A$800m to bring their project into production whilst WR1 only needs around A$80m + whatever is required they need to chip in to complete the road.

Wouldnt be surprised to see this around A$300m cap tomorrow but impossible to predict.

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These numbers seem prescient now

WR1 Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 97.0¢		Change -0.085(8.06%)		Mkt cap ! $185.0M

Open	High	Low	Value	Volume
$1.03	$1.04	96.0¢	$1.004M	1.005M

Buyers (Bids)

No.	Vol.	Price($)
5	18589	97.0¢

Sellers (Offers)

Price($)	Vol.	No.
98.0¢	10085	1

View Market Depth

No.	Vol.	Price($)
1	589	0.970
1	10291	0.960
3	16648	0.955
11	79106	0.950
1	2648	0.945

Price($)	Vol.	No.
0.980	10085	1
1.000	13700	2
1.005	13000	1
1.010	2800	1
1.040	25100	2

Last trade - 16.10pm 11/06/2024 (20 minute delay)


Last 97.0¢			Change -0.085 ( 7.54 %)
Open	High		Low	Volume
$1.05	$1.05		96.5¢	143398
Last updated 15.59pm 11/06/2024 ?

WR1 (ASX) Chart