WR1 3.13% 77.5¢ winsome resources limited

WR1 General Discussion, page-29318

  1. 1,966 Posts.
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    This is a ridiculous comparison, and if people are using this sort of crap and wondering why they arent valued closer to PMT need to rethink their investment research.
    PMT used a pit constrained MRE, if they went by the same rules, PMTs deposit is more likely 3 times the size, and then theres the grade. 1.1% compared to 1.42% is a hell of a big difference.

    Now with the MRE increase from both companies, very soon no doubt PMT will be closer to 200mt at 1.4% and maybe 250mt using a non pit constrained resource. WR1 maybe what? 80mt @ 1.1-1.2% at the most?

    This is why PMT is valued 4 times higher then WR1, not to mention the land package potential between the 2 in regards to further potential.

    Do i think WR1 is a buy? Yes, i think WR1 should be valued at 500mil and eventually 1bil, but i also think being valued 4 times cheaper then PMT should be a thing also.
 
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