WR1 6.85% 68.0¢ winsome resources limited

Ann: Strong lithium mineralisation from first Adina assays, page-361

  1. 2,679 Posts.
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    looking at other junior explorer with MRE

    1) RDT: 12.7Mt @ 1.2%, market cap is A$192m;
    2) LRS: 13.3Mt @1.2%, market cap is A$240m
    3) GT1: 9.9Mt @ 1.04%, market cap is A$223.4m
    4) GL1:50Mt @ 1%, market cap is A$ 514m

    10Mt resource worth A$150mil market cap in average, we have a top-level project team and high-quality projects, so it is easy to accept that the valuation should be higher than others imho.
 
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