Australia's largest stock trading and investment forum Australia's #1 stock forum

WR1

Click for more information

2.96%

$1.39 winsome resources limited

Yeah takes me back to that Rockstock channel interview with CE....

First 155 Last

Share
Profile

Follow
Blue swims

2,695 Posts.

1769

03/02/23

17:37

Post #: 66061138
Share

Originally posted by dtab: ↑

@Jasongray
"WR1 will be lucky to get to production by 2027, looking more like 2028 with the turn around time or these assays."

Not really how it works. Consider Core Lithium (CXO) which is starting at Grants deposit, a whopping 2.89mt. That's good for a couple of years open-pit and then half a year underground. Then they move on to BP33 (3.24mt) then Carlton (3.20mt).

You don't need 150mt and a 50yr LOM to make ridiculous money in the Lithium Decade. You just need to get started.

CE & SB aren't idiots, they know this and they'll plan ahead -- especially at Cancet -- eyeing up deposits, considering land use around them, strategically prioritizing drilling. Speed to market is everything. My guess: they'll begin work on the DFS in mid/late 2024. Permits done mid-2025. DSO for 6-9 months while they build the DMS plant. DMS plant spitting out SC6 from mid-2026.

Expand

Yeah takes me back to that Rockstock channel interview with CE.
And Howard Klein saying something like ‘the Canadians kinda drill,drill,drill, drill and then sit on it ,but the Aussies have the skills to get a mine up and running’.

WR1 Price at posting: $2.22 Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 316 more messages in this thread...

First 155 Last

Add WR1 (ASX) to my watchlist

(20min delay)
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

View Market Depth

No.	Vol.	Price($)
2	12495	1.360
1	5050	1.350
1	7888	1.340
4	17868	1.335
1	214	1.330

Price($)	Vol.	No.
1.395	3834	2
1.400	83786	5
1.410	4977	2
1.420	52623	4
1.430	22748	2

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $1.38			Change 0.040 ( 2.91 %)
Open	High		Low	Volume
$1.37	$1.40		$1.34	143019
Last updated 15.59pm 21/05/2024 ?

WR1 (ASX) Chart

SPONSORED BY