We area valued by the wind of fear and those who succumb to it, that can equally turn to the season of greed. Our MC of 104m, with 45m cash and an option on our fast forward pass to capex , approvals, finance.
A 1 Billion dollar Renard......thats like Charlie and the chocolate factory, when he gets the golden ticket, and Wonka leaves the whole inheritance to Charlie. He walked in with rags, and it wasnt long before he was putting on a suit.
How many other stocks on the asx, get a fast forward pass like Renard ? Think about how incredible it is, to not have to spend the extra hundreds of millions in capex, or the more arduous approvals.
We dont even have to drain a lake. or build a dam like our bigger brother. We just need to quarry Adina and road it, that is already in a prime location away from lakes.
And for that 104m mc, we also get 20% of PWM and off take rights. When it comes to take over, the sum of all, we are value all over.
A takeover from the likes of a major such as RIO, when we can offer the package that provides what is most important, the low risk approvals route.
WR1 Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
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