You're either poorly researched, or you're attempting to gaslight yourself and other holders here. Think about what you've stated:
"Low risk approvals route" - In the context of Canada only, then yeah. But we still require environmental approvals for the road, a problem that other projects don't necessarily have. If you zoom out and consider global projects, you won't find any informed lithium investor who would say that Canada is low risk for approvals. Consider the two most similar deposits to Adina (size wise) in Salinas (PLS) and Leia (WC8). Both of those projects easily have a lower risk approval pathway than Adina.
"Low CAPEX solution" - LOWER, certainly not "low". CAPEX for Salinas is US$253m to build it from scratch, whereas Adina is US$259m, just to modify the existing infrastructure of Renard.
"Low finance risk" - If that's true, why have multiple projects, that are further behind WR1, secured finance from partners (Mitsubishi with Frontier Lithium, VW with Patriot, etc) ahead of WR1? If it's so low risk, why did CE need an extension to try and lock in a deal?
"Significant MRE" - Compared to what? Within Canada you've got Galaxy, NAL, Moblan and Shaakichiuwaanaan that are all bigger, and Cisco is shaping up to be an absolute monster. No resource yet, but it's shaping up to be either the biggest or second biggest in Canada. So if we're realistic, Adina is number 6 in Canada, and is on par with key competitors elsewhere (Salinas in Brazil and Leia in WA). Respectable yes, but I don't think I'd say "significant" at this point. I think we'd need to keep drilling it out to reach that title, but we stopped just after we reached the performance options threshold of 75Mt. Funny that....
"Jurisdictional Longevity" - I don't even know what you mean here, but I assume you mean stability of government, etc. Once more, this applies to many, many projects in Canada, Australia, Brazil, Europe (VUL and EUR). Hell, EUR got an EIA exemption for their Wolfsburg project, so they're on the fast track. Do WR1 have an EIA exemption?
WR1 Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
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