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53.5¢ winsome resources limited

Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-209

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aurelex90

4,404 Posts.

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11/12/23

15:18

Post #: 71386577
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Originally posted by cmwilson: ↑

Most of the WR1 holders here, including myself, hate the LRS deposit (rightly so). The only reason LRS is being mentioned is that multiple non-holders who own LRS are in our forums today telling us how garbage our deposit is. No idea why - I have never gone to the LRS forum to tell them what I think of their deposit... I just did not invest after doing DD on LRS.

Personally I have difficulty accepting forecasts of $800/t spodumene. Is there any producer in the world whose AISC is less than that? As far as I'm aware that would require every single producer to be selling at a loss. But this is irrelevant in terms of Adina valuation as this affects ALL lithium developers/explorers/producers and can't be used to justify the relative valuation gap between them.

Our deposit should be valued compared to peers in the market. Currently I cannot justify the valuation differential between Adina and any other deposit in any country. Even worse case scenario it should be double what it is.

I would welcome a justification of the valuation gap between ANY other deposit and Adina.

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It's because Canada jurisdiction is expensive (constant CR's)

And brazil is cheap

That's why the market's tend to like stocks not in canada

WR1 Price at posting: $1.05 Sentiment: None Disclosure: Not Held
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Last 53.5¢		Change -0.035(6.14%)		Mkt cap ! $118.5M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
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Price($)	Vol.	No.
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6	61948	0.525
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0.570	24587	2
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