WR1 2.46% 59.5¢ winsome resources limited

WR1 General Discussion, page-32763

  1. 27,769 Posts.
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    Consider hard to operate in AUS.
    - remote
    - access to water limited
    - extremely hot, then Wet seasons in parts
    - facing mineral export isolation from a ring of steel that China- Taiwan conflict poses.
    - approvals risk - 20% according to Gina is what get past the red, black, green tapes
    - high cost electricity and wages, FIFO workers.
    - multiple aboriginal heritage claims of an intangible nature. (a sacred knoll of dirt etc) that can be fraudulently hacked by environmentalists.

    Consider Canada and specifically Renard / Adina
    - an 80km road to build out
    - plenty of water access
    - potential cheap hydro, but immediate access to own gas fired power plant
    - Low risk approvals and advanced build state.
    - Geopolitical safe and longevity of EV uni party.
    - Indigenous Cree support and for jobs to return to Renard.
    - Government as a shareholder if Renard option with scrip.

    All in all, a bit cold for Kev, but geopolitically the safe option, for longevity.
    All IMO.

    Last edited by stevenjd: 09/09/24
 
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