Hey @HAC30 If WFE finally ( Fingers Crossed ) touch wood and all that stuff ( Open up ) and we are actually producing Cobalt and making ( Cash ) something bloody strange for a spec play to do
Cash that can be used to pay down debt and fund further exploration and acquisitions , cash that will stop dead the need to dilute the register more , cash that puts WFE in front of any other ASX cobalt play by many Years ! I can not see how anyone here can predict ( Or deny ) a SP prediction It will open at , well who knows really !
This simply has not been done in this ( Reverse ) order on the ASX before , to use NZC or any other plays as a marker for were WFE"s SP should or could be is simply wrong on every level. Find me a cash positive Cobalt producer on the ASX and we will compare them to WFE . Because thats is clearly the path WFE is "trying" to adopt.
Note: WFE is not there ATM , yes I agree with that , there is plenty to go right ( And Wrong ) before we come out . But we need to compare WFE to producers not explorers , just my opinion for what its worth.
Ps. Well done NZC shareholders , I hope this is what you guys wanted . It just shows how much value Cobalt ( future ) worth really is, when the big players start snapping up the small guys.
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held