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 imoWhat sp that equates to is mind boggling !
This $60mil raise will take our cash balance to nearly $70mil...
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Last
$1.39 |
Change
0.040(2.96%) |
Mkt cap ! $265.1M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.40 | $1.33 | $633.4K | 464.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12495 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 3834 | 2 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.38 |
Change
0.040 ( 2.91 %) |
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| Open | High | Low | Volume | ||
| $1.37 | $1.40 | $1.34 | 143019 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| WR1 (ASX) Chart |