WR1 8.15% 73.0¢ winsome resources limited

Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-125

  1. 1,251 Posts.
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    @Jasongray
    "WR1 will be lucky to get to production by 2027, looking more like 2028 with the turn around time or these assays."

    Not really how it works. Consider Core Lithium (CXO) which is starting at Grants deposit, a whopping 2.89mt. That's good for a couple of years open-pit and then half a year underground. Then they move on to BP33 (3.24mt) then Carlton (3.20mt).

    You don't need 150mt and a 50yr LOM to make ridiculous money in the Lithium Decade. You just need to get started.

    CE & SB aren't idiots, they know this and they'll plan ahead -- especially at Cancet -- eyeing up deposits, considering land use around them, strategically prioritizing drilling. Speed to market is everything. My guess: they'll begin work on the DFS in mid/late 2024. Permits done mid-2025. DSO for 6-9 months while they build the DMS plant. DMS plant spitting out SC6 from mid-2026.
    Last edited by dtab: 03/02/23
 
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