No ones denying itll cost alot to get PMT up and running, and WR1 will be alot cheaper initial capex, and having to build dams is okay when it for arguably the largest deposit in the world. All i know is when it comes to the major players, 300mt+ at 1.4%+ is alot more appealing then 100mt at 1.1%. Size does matter. WR1 will be worth 1bil eventually, but at the same time PMT will be worth 3bil.
Building a dam for a deposit with a LOM of 30+ years is well worth it for not only the company but also Quebec itself with the jobs it will create for many decades to come.
The dam is a non issue because of the size of the deposit as it is well worth the hassle. Having water around PMTs deposit is and never will be a reason for WR1s deposit to somehow become worth more then PMTs.
I think WR1 could reach 500mil mcap while PMT remains at 1bil, but they'll be both going up together with PMT leading the way due to the scale.
For all we know we might not need as much lithium mined for the EV market as ppl are expecting. And all I know is that I'd rather be with a top 5 deposit just incase that happens, as the largest will be the ones who can survive the smaller margins.
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