This $60mil raise will take our cash balance to nearly $70mil .
This sort of war chest normally signals to the market the company is about to transition into a near-term producer with mine studies first at Cancet looking at first DSO by sometime in 2026 and leading into SC6 production shortly after with just DMS - no tailings required.
This can then help fund alot of other plans in the pipeline - with Adina development not far behind. You cannot get a better scenario than WR1 is in with an easy step-stone project at Cancet to get the whole plan off the ground before the big one at Adina. Adina sitting 100m above ground level is a bonus with little to no environmental issues by the sounds of it.
Cancet nearing production alone will mean we will be at CXO level of market cap $2 billion this is before factoring in Adina.
$4 to $5 billion by that time is very realistic imo What sp that equates to is mind boggling !
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