White Rock Minerals (ASX:WRM)
Professional and novice investors alike know that buying undervalued company shares is a pretty handy way to make money in the stock market.
So when multiple independent research groups identify White Rock Minerals (ASX:WRM) as a small-cap bargain, taking notice could pay off.
Independent Investment Research (IIR) published a report on the company’s Red Mountain Project earlier this year, finding that the project’s value was not yet recognised by the market.
That report has been followed up by a research report from stock broking firm DJ Carmichael. Its analysis covered WRM’s Red Mountain Project in Alaska, plus its flagship Mt Carrington Project in NSW.
While WRM is flying under the radar at just 1.3 cents per share, DJ Carmichael sees significant value in the Red Mountain Project that is not reflected in the share price, having valued that project alone at 6 cents. On top of that, the broker valued Mt Carrington at 1.9 cents per share — also above the current share price.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
Red Mountain’s significant value and resources do not seem to be fully captured in WRM’s current share price and enterprise value… this has now been backed up by two independent research groups.
Supported by rising zinc prices, it may be just a matter of time before the market starts to catch on to the potential on offer from WRM.
Sandfire Puts its Money on High-Grade Alaskan Zinc & Precious Metals VMS Project
Mar 25, 2019
Why would one of Australia’s largest copper-gold producers, Sandfire Resources (ASX:SFR), commit $20+ million to a project 13,000 kilometres from home?
Related White Rock Minerals (ASX:WRM) articles
White Rock Minerals Triples VMS Zinc Project Area in Alaska with a Little Help from $1BN Sandfire Resources
Nov 27, 2018
New Massive Sulphide Mineralisation at WRM’s Red Mountain High-Grade Zinc Project
Jul 4, 2018