WR1 1.03% 48.0¢ winsome resources limited

Ann: Main Zone extended to 2.11km by systematic drilling at Adina, page-90

  1. 4,368 Posts.
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    Wow, the force is strong on these threads. Apparently blasphemy does exist on hc. Fair enough.

    The fact is that Winsome has not released any analysis or stated any expectation that the Adina project has an MRE of 150mt, nor, as far as I am aware, has any professional analyst or broker indicated that there is sufficient evidence that the Adina project has an MRE of at least 150mt. Worth remembering that with the current MRE of about 59mt Adina already is one of the largest hard rock lithium projects in the world and yet, as Heeman just pointed out, the market is not treating WR1 that way. So no need to goose this particular stock as it is already as plump as could be.

    I'm totally aligned with your views, Heeman, though I am not loaded to the gills, merely significantly overweight with WR1 shares. I thought some of the drilling Winsome has been doing would be infill drilling to firm up the resources for use in the feasibility studies. So yes, hopefully a focus on reserves for the next little while: Rose and Whaboucha both have lower MREs than Adina and both of them are in development stage (though of course they have reserves).
 
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