100%.
They rely on their comment about using old data from 2023 (this slide was in their Jan corporate presentation).
It pretty weak, but shows they are worried about the appeal of WR1.
The new result this morning were more of the recent same - average at best. That doesn't look economic, so its back to the part in the lake which is high grade but is, well, in a lake. Permitting on that is going to take some time.
Willing to bet they think that there is more tonnage upside at WR1 right now and we will be producing many years before they are.
The differential in market cap was already ridiculous - now more so than ever.
So expect them to keep chipping us.
WR1 General Discussion, page-26064
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74.0¢ |
Change
-0.010(1.33%) |
Mkt cap ! $159.1M | |||
| Open | High | Low | Value | Volume |
| 75.5¢ | 77.5¢ | 73.0¢ | $496.1K | 661.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3479 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 3500 | 1 |
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