Interesting analysis but I think the overlooked feature of anything in Canada is the time to production. Even comparable stage Aus explorers aren’t expected to make production till 2028.
PMT is going to be 2030 or after. WR1 won’t see production till 2028 or after (hence the discount on the stock - along with the lack of a JORC and conflicting strategy on Cancet).
WR1 General Discussion, page-16539
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