I’d say it’s really too early for timelines on that and in my experience, such far in the future timelines are basically a joke every time anyway for small cap stocks. They haven’t declared MRE’s yet, it would look a little odd if they start talking about PFS and DFS timelines for deposits that aren’t properly drilled out and defined yet.
I also don’t see the point in setting those kind of expectations so early, that they’ll very likely never meet anyway.. every company claims to have fast tracks to production, WR1 is no different but reality is it’s several years away minimum, it’s barely worth entertaining thoughts about when literally anything can happen in that long a timeframe to totally alter things at macro or micro levels in the world/industry/our lives etc.
I’m happy just knowing that for now their priority is exploring, drilling and delivering some MRE’s which could be mid-year or IMO more likely back end of the year or early ‘24 for Adina especially, as I suspect they’ll want to go to market with much bigger and informed resource estimates that will come from more exploration and drilling. If they start talking PFS/DFS timelines now, they’ll almost certainly be delayed 6-12 months simply depending on when/what MRE’s they work towards in the next 6-12 months.
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