yeah, a 40m spend on exploration in the next 12 months is the minimum requirement per FTF obligations.
40m = 13.3 months at current 3m/month spend
Assuming 10km / month drilled = 133km further drilling
Here we are about to release a 55mt+ MRE from 30km drilling
The positive ROI from drilling a further 133km at Adina, Cancet and Tilly is going to be significant, even in a depressed market.
So I don't lose much sleep even as my investment in WR1 has lost value this year.
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Last
47.0¢ |
Change
-0.015(3.09%) |
Mkt cap ! $102.7M |
Open | High | Low | Value | Volume |
48.0¢ | 48.5¢ | 46.5¢ | $86.18K | 180.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 46478 | 46.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 8098 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 46478 | 0.465 |
5 | 106457 | 0.460 |
3 | 16393 | 0.455 |
8 | 162341 | 0.450 |
1 | 4800 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 8098 | 3 |
0.480 | 13478 | 5 |
0.485 | 12221 | 6 |
0.490 | 10126 | 3 |
0.495 | 23036 | 2 |
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