WR1 General Discussion, page-5729

Agree. I am long term WR1 and got on board not long after the IPO and I will keep holding. However, we need a bit of realism before calling out 4 to 5 billion valuations. Sigma is years ahead of WR1 and will soon be selling at all time high prices while being a very low cost producer. Also, Sigma is very much undervalued. Just check Sigma's latest investor presentation at page 12 for an excellent production rerate potential: https://ir.sigmalithiumresources.com/static-files/0bdb2c9f-ee38-474c-9401-539d8a2cb909

You can also see other undervalued lithium plays: CXO, Liontown (even with cost blowouts), PLL and Lithium Americas (holding all. Not investing in Sigma in 2018 was one of my biggest mistakes). Regarding PMT: we are not even close to their multitude of huge high grade interceptions. I do agree that their interceptions being under a lake is reason for concern.

I don't want to promote Sigma and others here because WR1 is one of my biggest holdings. However, it is good to do a realistic comparison with our peers. I assume Chris and Stephen Biggins we will very much follow CXO's strategy of getting an early (smaller) resource estimate out and go to production asap. While the mine is being constructed, we will increase the resource size. I therefore anticipate an early resource estimate being announced of around 10 to 15MT (much quicker than CXO btw due to our outstanding drill results so far). However, with the success of Adina and the potential at Cancet (plus our other potential deposits) we should be able to reach 30-50MT later on.
Everyone can do their analysis and comparison based on the graph in the Sigma presentation. But we should also take lower lithium prices into account by the time WR1 will get to production (i dont believe we will see a crash, but is is safe to assume prices will not stay this high in the next 5 years). All in all, my guestimate is a valuation of around 2billion in the next two years. Once we are producing with a bigger resource we should be able to get a valuation of about 5 billion but this will probably take 5 to 6 years (and that is very quick).

Anyways, long term holders will do very well. Hoping to see a great announcement tomorrow morning.