WC1 0.00% 2.1¢ west cobar metals limited

The lithium resources appear to be the value, but in the long...

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  1. 666 Posts.
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    The lithium resources appear to be the value, but in the long term Au/ Cu @ Bulla, Cawker and especially Nantilla which has never been drilled, perhaps holds most of the company's value.Current issues in West Cobar are land access and arbitration with landowners.However, REE, and Lithium mines will keep WC1 busy for drilling in the next 2-3 years.Will Salazar yield a feasible amount of REE to mine?Perhaps in the short- to medium-term, drilling in the NT and Nevada claim areas will enable WC1 to realize a sale of those assets after a JORC resource is established.Questions are why nearby companies like American Lithium, American Battery Tech, and Ioneer did not snap up these stakes as well.How did WC1 come by these opportunities? Or is the whole of the Nevada desert being dug up for Lithium?If drill results are favorable, then success in Lithium and REE further discoveries would naturally be translated into the share price, and align with the share price narrative of the fund managers holding company share options at AUD$0.20-0.32 expiring in November 2024.Will there be a TO of EC1, or its Lithium tenements or will it mine these and receive further funding? Will shareholders/ sophisticated investors need fund further drilling to upgrade JORC or is the A$3.9M sufficient for the next round of drilling at Salazar REE, NT, and Nevada lithium?What does the drilling cost per meter given it is into shallow soil i.e. cost to upgrade JORC to 100Mt LCE?This is the exit strategy
    Last edited by Chicarno88: 04/04/23
 
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