You sound confused.
There is no suggestion that Adina (a shallow, low strip deposit) will be an underground mine.
Regarding capex, WR1 is lucky to have an exclusive option to purchase a nearby 2.5mtpa plant + extensive infrastructure and facilities for 60m CAD (which cost 900m CAD to build about a decade ago.) By.purchasing a permitting processing facility, Adina becomes a quarry and is not subject to rigorous environmental permitting. A huge derisk in Canada.
By contrast, PMET is planning a huge mine and will need a bigger DMS plant and the extensive infrastructure and facilities, not to mention the dams. By the time it's being constructed in 2029, capex inflation will be even greater.
Don't marry your investments!
You sound confused.There is no suggestion that Adina (a shallow,...
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Last
79.5¢ |
Change
0.040(5.30%) |
Mkt cap ! $465.9M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 79.5¢ | 76.5¢ | $2.486M | 3.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 6242 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 80.0¢ | 36313 | 3 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
79.0¢ |
Change
0.040 ( 4.08 %) |
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| Open | High | Low | Volume | ||
| 78.0¢ | 79.5¢ | 76.5¢ | 635300 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
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