Hi Mate
Both are high risk. WA1 is at end of discovery phase and entering feasibility stage. Risk v rewards have generally peaked and typically this means only one thing. Investor departure to avoid the orphan stage. Currently Regal are divesting their investment.
Refer Lassonde curve to verify!
SUM
Exploration and Discovery Stage risks. Proof of mineralisation has been derisked, however drill testing for economic deposits require confirmation at Ecuador.
However the management have been very astute and not put all their eggs in one basket. Ecuador project is one of six projects in Brazil. In addition to this the Stallion uranium project in WA has an MRE of 3.3m lbs with uranium at 80 USD a pound has an in ground value? I do not recall the other existing projects as they will not move the SP.
Honestly wish the best for both companies and they add wealth for their shareholders.
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