Maybe the rerate will occur when WDR show that they are on course to reach their 3 mt target ie. 250000t per month.
How much will each ship carry? How long will it take to load the first ship?
WDR directors have lots of skin in the game so I am sure they have done their homework. However, the ASX is littered with miners that can't get close to their DFS targets so investors flee and their market caps get trashed.
WDR has a relatively simple operation. I cannot see too much going wrong but I have to admit I am holding some back until some real shipping target is achieved.
WDR Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held