Australia's largest stock trading and investment forum Australia's #1 stock forum

WR1

Click for more information

3.77%

$1.02 winsome resources limited

Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-1099

First 1099 Last

Share
Profile

Follow
seventhseal

1,357 Posts.

488

19/12/23

08:04

Post #: 71517892
Share

Originally posted by cmwilson: ↑

This entire discussion is way too early. The 43-101 pit constraints and RPEEE mainly apply to M&I resources - so why are we even discussing this in relation to a 100% inferred resource which is also less than 1/4 drilled out. I agree that no meaningful comparison to PMET can be done at this stage... either to the positive or negative.

We will also have to look at the Adina pit design down the track. Personally I think that the pit shell will easily encompass the majority of the resource so I don't think that the difference between the 43-101 and JORC for Adina will be that great.

Also, how is the lake going to effect the pit shell design for PMET and the RPEEE is yet to be determined.

Personally, I only look at the valuation disconnect in comparison to other JORC resources e.g. something like LRS etc.

LRS proponents also like to compare their JORC resource against SGML's 43-101 as well, so it's not something that's uncommon.

NB: Not a geologist, so let me know if anything I said above was stupid & why.

Expand

Very sensible post. Well done.

WR1 Price at posting: $1.06 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 99 more messages in this thread...

First 1099 Last

Add WR1 (ASX) to my watchlist

(20min delay)
Last $1.02		Change -0.040(3.77%)		Mkt cap ! $194.6M

Open	High	Low	Value	Volume
$1.05	$1.07	$1.02	$186.2K	178.7K

Buyers (Bids)

No.	Vol.	Price($)
4	17427	$1.03

Sellers (Offers)

Price($)	Vol.	No.
$1.05	26016	6

View Market Depth

No.	Vol.	Price($)
4	17427	1.025
5	31742	1.020
1	3600	1.015
1	3600	1.010
2	8600	1.005

Price($)	Vol.	No.
1.045	26016	6
1.050	22710	2
1.055	8306	2
1.060	20804	1
1.065	12127	1

Last trade - 10.52am 06/06/2024 (20 minute delay)


Last $1.05			Change -0.040 ( 1.82 %)
Open	High		Low	Volume
$1.05	$1.07		$1.02	43428
Last updated 11.17am 06/06/2024 ?

WR1 (ASX) Chart

SPONSORED BY