WR1 winsome resources limited

Ann: Restructure of the Renard Options, page-80

  1. 1,118 Posts.
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    Definitely. Not sure why Rio hasn't taken a serious look at Winsome yet. Or maybe they have.

    Rio has JVs with Midland, Saga. As well as Azimut. All of which have had little to no exploration.

    Total considerations for a couple of those above include C$115m and $65m for another.. but in exchange for 50% plus an option to acquire more. However Rio would fund to production and cover exploration costs.

    But according to Kevvy Rio have no interest in Quebec.

    A month after the deal with Saga (July 2024) they immediately began exploration.

    https://hotcopper.com.au/data/attachments/6666/6666058-9c355efa253698ea4a9d165d4550c4d9.jpg


    https://hotcopper.com.au/data/attachments/6666/6666060-2164cb8c108b8a0e23f1a8b672d94a52.jpg



    https://hotcopper.com.au/data/attachments/6666/6666071-1ef0464c27ddd6b78af4cc01213b5e85.jpg


    https://hotcopper.com.au/data/attachments/6666/6666073-272901d405dc7ea2d0b9cbc01772f755.jpg
 
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