WR1 General Discussion, page-32656

the share price is like winter reeds, for those who are swayed by the doomsayers.

The bet on takeover, post PEA, alike LRS $560m / 215 FP = $2.60 Approx

But what more then, for come 100mt ? and uni party EV friendly canada. ? Jurisdictional LONGEVITY has a premium for a vertical OEM.

Takeover prize, for the accumulators, only need to bet on the same nervousness which PLS had, to get diversification away from AUS. And supply disruptions, come lithium 3.0. A opportunistic takeover, predator is hedging to position at counter cyclical, than pay the 2-6b for a CXO - LTR value when the sun comes through the clouds.

A predator, looks for increasing diversification in the counter cycle, and is also betting on the cycle turning. And they would be happy to wait that cycle through as long as they can identify and acquire the best assets at counter cyclical pricing.

Diversification is key, if you were a single asset jurisdiction like PLS. You cant have all those eggs in one basket.
But also, betting on the chaos of geopolitical, from serbian environmental protesters to cultural heritage (also environmental imo) Tanya Plibersek in AUS. & To China / Taiwan.

So how long after the PEA, is a 100m mc say, WR1, with a line on 500m book value saving, with a 1b booked asset in renard, going to remain ours ? Its a pretty nice low capex (say 250m) way into a tier 1 country.
Pretty awesome hedge for a major.

The nuffer retail sp discount, is the accumulators gift who bets on industrial value, come takeover or lithium 3.0 resurgence. Even the predator is betting on forward growth, and having those safe supply capacity.