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.
yeah, a 40m spend on exploration in the next 12 months is the...
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Last
57.5¢ |
Change
-0.020(3.36%) |
Mkt cap ! $124.3M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 59.0¢ | 56.0¢ | $248.2K | 435.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12850 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 1195 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |