As a long-term shareholder of LTR, I have been through this process of proving up a deposit. LTR’s first MRE was 20 million tons at 1.4 compared now with WR1 58 million tons at 1.12 LTR, over the time approving up their deposit went back to 1.3 before finally declaring a deposit of 156 million tons at 1.4. There is plenty of evidence around to say that the grading will not stay at 1.12 with further drilling.Further, it was stated by management that they may be able to develop mine with a single pit just like LTR. That is a huge advantage in mine development, both in terms of time and costs. let’s wait and see
As a long-term shareholder of LTR, I have been through this...
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Last
$1.29 |
Change
-0.015(1.15%) |
Mkt cap ! $245.1M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.35 | $1.27 | $636.0K | 489.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1970 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 9000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.28 |
Change
-0.015 ( 2.71 %) |
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| Open | High | Low | Volume | ||
| $1.35 | $1.35 | $1.27 | 129488 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| WR1 (ASX) Chart |