Cancet 3mt, 2nd year of environmental checks, 3mt deposit sits next to the hwy.
Adina 20mt easy. CE alluded to this being the current known amount from the small area that had returned results from Jamar
23mt so far. Mcap for 10mt is approx 150mil. Current Mcap should be 350mil (However we will have 70mil in cash by end of March)
So, literally, we have only scratched the surface of Cancet and Adina (Wr1) - MCAP isnt taking into account any future growth.
Lets break it down:
Cancet claims , 5% has been explored to reach that 3mt. Another 1.2klm has been identified from the gravity survey within that 5%. Possibly 1.8klm of high grade, DMS only lithium on 5% of the explored Cancet claims so far.
Adina. 100mt could very well be on the cards.
If you have been following how and why they drilled hole 43 where they did, you know that the Gravity survey is being guarded like the crown jewels. CE also alluded to the strike heading SW in both announcements and during the CG presentation to instos. That would be 3klm of strike between what is now known pegmatite intercepts with either observed spodumene or historical results.
Furthermore, CE also mentioned in previous announcements and the CG presentation that other targets exist at Adina identified by the Gravity Survey. 100mt may in fact be a minimum when all the facts are presented.
We have offtakes for lithium from PWR. How long before wr1 build a DMS plant and produce sc6 offsetting the 2mil paid for PWR or the Capex to build the Sc6 plant. (really dont understand why certain posters would have prefered wr1 buy land, be forced to explore, drill etc to find lithium, when we have it locked up for 2mil )
How long before investors work out that Sc6 will not decrease in price, but increase. No analyst has provided a scenario whereby Sc6 production overtakes demand.
No current mine will disrupt this. AVZ will take years to be up a running. Aud explorers plays are coming up short almost everywhere you look. Those that do have a deposit are experiencing Capex and Opex issues. LTR just disclosed this, RDT will have issues. PLS product needs to improve, but can it?
Chilean and Argentinian plays? When do you start disclosing to the market that you are having issues with water?
Brazil plays. Lets see it when it happens. If so great.
Other african plays. If it happens great. But they wont put a dent in demand with the current delay and failure rate of known plays world wide.
So where does that leave Wr1 with my rose coloured glasses on that actually makes perfect F8888king sense by 2025.
By 2025
- Wr1 would have commenced construction on DMS plant near the border of the US.
- Cancet will be approved to be mined.
- Cancet will have a jorc of 10mt plus with indications that 50mt could be mined across the claim identified from exploration drilling and gravity survey results.
- Adina will be 100mt plus.
- Adina will be awaiting approval to commence mining.
- Wr1 will be added to both ASX200 and 300.
- Pwr will be approved to mine. Wr1 will have sold Sc6 offtake to someone using DSO from Pwr. (Dont care about the cesium)
- Pwr tantalum offtake deal done.
NOW THE CLINCHER for 2025
DSO remains at record highs.
Sc6 remains at record highs.
Lithium Carbonate and Hydroxide at 100K plus.
Every western nation requires every new house to have solar and battery packs.
Every western nation requires every new vehicle to be EV by 2030.
All busses become EV
EU, AU, US etc require transition of all trucks to EV.
Lithium Carbonate exploration becomes outlawed due to environmental issues, and water scarcity in South America. Current mine expansion limited.
Continued demand/supply problems exists in lithium production.
I am still a top20 holder and Wr1 has a mcap of 6billion. I have met many of you at the Sydney 2023 Rs and 2024 Rs. We have shared drinks, stories and discussed the real identity of Belter.
Screen shot away.
WR1 Price at posting:
$2.04 Sentiment: Buy Disclosure: Held
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