it's best not to forget prior drilling results and it's beyond doubt that Wr1 has some high quality assets with high grade intercepts very close to surface. This ticks a lot of boxes over other similar staged explorers which will require more capital to get ore out of the ground.
Having 60 or so million in cash needs to be also taken into consideration. They are cashed up during this sector set back so no dilution should occur in the near and mid term.
Ann: High Grade Drilling Results at Adina Project, page-82
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