What about this scenario.
Strategic pays say $200m for 50% of Adina-Renard project.
Total cost of acquisition $52m + capex $260m + C&M/E 8.5m etc = $320m approx
Strategic then pays for 50% of capex etc = $160m
Total strategic spend = $360m.
WR1 spend its 50% also $160m capex etc, leaving it with $40m left over from the $200m contribution buy in stake from the strategic.
ie, can we get a free carry, keep 50%, and have cash left over.?
Then add that to our Ceasium exploration.
We would look very different if partnered with big brother, free carried, and cash left over.
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13.0¢ |
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Mkt cap ! $31.70M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $134.3K | 1.005M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 213038 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 169541 | 5 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| WR1 (ASX) Chart |