WR1 6.85% 68.0¢ winsome resources limited

Ann: Winsome to raise up to A$60m to accelerate Canadian projects, page-349

  1. 16,081 Posts.
    lightbulb Created with Sketch. 3130
    Very true Helios.

    People fail to understand 3mt at surface is not the same as 3mt buried 100 meters underground for obvious reasons.

    Upon the 3 year environmentals studies which began June 2022 we could well have mining permits by June 2025 with most feasibility and financial modeling done on Cancet by then for FID.

    Basically Cancet is just a wheel loader scoop and load operations with the deposit just meters from surface IMO - the costs associated will be crazy low - hence CE is willing to be shot if he can't produce for USD500 per tonne. Hydro power lines on our land, Trans-taiga highway passes through as well. So SIMPLe!

    We get alot of haters because our deposit is such high grade and at surface making it such a easy and big cashflow machine for WR1.

    When you see our peers having to dig down 100 meters, or do box cuts into an underground mines get access to thin 15 meter veins of pegmatite its really sets their jealousy to the max smile.png



    Last edited by kevin103: 18/03/23
 
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