RE:RE:The news release
$10 SP is $12 billion market cap and I always keep my expectactions conservative so I've never thought that this could get to that valuation until into 2022 earliest but I'm now wondering if we can't get to it later this year. Look at this confluence of storylines that will be going on, most if not all by end of summer:
- mining and shipping Cu from Kakula.
- report of extensions of Bonanza Zone, Kiala and Makoko massive high-grade Cu discoveries.
- report of new discovery of massive high-grade Cu elsewhere on WFL.
- Cu at $4 or close.
- leftist populist govts. ascendant in Peru and Chile discouraging investment.
- indications that EVs and are going into the steep part of the S-curve of technology adoption.
- infrastructure spending kicking-in all over the world including lots of green energy.
- Cu supply shortage of a couple hundred thousand tonnes.
- Covid being close to under control.
- No stock market meltdown.
- On or ahead of schedule on expansion of Kakula/Kamoa to 7.6Mtpa.
There's a good chance most of these will hit, that would be quite a stew and should easily get us to $10 by Q4.