WR1 6.85% 68.0¢ winsome resources limited

Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-347

  1. 206 Posts.
    lightbulb Created with Sketch. 471
    Cancet's viability is part of the reason I'm happy to speculate on WR1.

    From the interview:

    Hooper: "Assuming there's a decent sized resource, that still could be a company starter for Winsome, Chris."
    Evans: "I've absolutely no doubt about that. I think Cancet is...sitting on its own would be a company maker."

    The interview language confirms that more resource needs to be found at Cancet. Chris caught himself and changed his words to 'would be', showing that he also understands 3mt isn't yet enough.
    Therefore, more assays are required to get a rerate where WR1 is considered a two project company.

    Your point is that it looks inevitable given how much exploration is yet to come. I'm hopeful of that too, or I wouldn't be here. But they need to deliver more than just promises in youtube videos to get the market's attention.

    In other news, Volkswagen has joined Minres and a few others in sniffing around Canada. They want proof of resource too. What WR1 might like to happen is PMT get taken over, and investors redistribute their funds into nearology. But WR1 still needs to get assays out to prove its the real deal, as we've already seen those big early hits won't sustain it forever.
    Actually, the redistribution of capital from PMET, and even CRE, is a factor that jasongray and dawgfather have underestimated when comparing with the Brazilian company.
 
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