Genuine question—where is the cash for caesium mining coming from when we barely had enough to keep the lights on for six months at our existing projects without raising funds well below our 52-week low?
To me, today’s announcement seems like little more than a rehash of last week’s (Winsome Caesium-Lithium Projects - 13 Feb 2025). To me it just looks like an attempt to drum up support for the SPP.
Call me cynical, but it’s hard to get excited over a few channel samples. Anyone following RDN should know how misleading those can be. Meaningful results will require drilling, which, of course, requires money—money we don’t currently have.
I’m not trying to be a wet blanket, but I just don’t see the “BOOM” here, especially when the channel grades appear to be less than a quarter of what PWM has found at Case Lake, and less than half the ore grade of the Sinclair Project in WA.
WR1 Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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