Bought some for Mrs CEOChair’s superfund at $1.48 yesterday (been flopping out of PRU recently). VectorVest says:
VALUE
Current Price: $1.47
Current Value: $3.00
WGX.AX has a current Value of $3.00 per share, which is undervalued compared to its Price of $1.47 per share.Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
GROWTH POTENTIAL (Relative Value/RV)
EXCELLENT
RV is an indicator of long-term price appreciation potential. WGX.AX has an RV of 1.66, which is excellent on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk
What % of this is a lithium play, anyone - 5%? Bit more? Seems like it stacks up as a beaten down gold producer play for the other 95%.
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