Targeting maiden resource on cancet by March 2023. based on the drill information to date, its looking like it could shape up nicely to be a high grade and near surface project.
Once they have done the the maiden resource, they can do additional drilling along strike to increase it but more importantly, start wrapping some economics around the project with scoping studies. then increase geological confidence with a ore reserve and PFS.
But as a starter, $ESS have [email protected]% and from what i recall its petalite and they have EV of $100m. For us to get a $100m EV we're looking at +$0.70.
Cancet is shaping up to be an economic lithium project, just needs to go through the appropriate steps.
Eyes on the prize..... eyes on the prize
WR1 General Discussion, page-158
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