Well WR1 here at just a measley $25mil Enterprise value - hardly the riskiest punt ever is it compared to WR1's peers at $500mil to $1billion market caps.
Therefore, what we talk about with the resource size being 10mt, 15mt or 25mt is all just moot point and schematics in the grand scheme of things.
WR1 is fully funded for the next 2 years so it should be a good re-rate to bring WR1 more in line with its surrounding Lithium peers. From current sp levels to $100mil enterprise value is a 4 bagger alone, to $200mil its 8 bagger.
Simple choice imo.
If not we head back down to 20c - even that isn't the end of the world from current sp.
Ann: Winsome Resources Updated Presentation, page-9
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Last
51.0¢ |
Change
-0.005(0.97%) |
Mkt cap ! $112.9M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.5¢ | 51.0¢ | $118.7K | 232.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50000 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 1690 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |