WR1 6.50% 57.5¢ winsome resources limited

Ann: New targets at Adina from gravity survey, page-31

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  1. 1,373 Posts.
    lightbulb Created with Sketch. 2057
    disagree.

    AZM finding good stuff across the border in Galinee would be very good for WR1

    It means more parties share the cost of infrastructure build + more pressure on Quebec govt to offer support

    If they do a JV it's almost certain WR1 would retain operational control, given management's experience and WR1's first mover status.

    Just generally the deal space becomes more interesting, as it would offer a more enticing opportunity for a large player to get involved and even potentially buy both projects.

    Keep in mind that Quebec govt (SOQUEM) owns 50% of Galinee. They don't want to operate mines, just to get things moving.

    Winsome's VP of Exploration (Antoine Fournier) is the former principal geoscientist at SOQUEM.
    Last edited by dtab: 29/08/23
 
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