WR1 General Discussion, page-23582

Too be fair I think LTR is a bad example. They have a massive resource but not one that commands 3B MC.
They have been flooded with insecurity from the what has happened to CXO and the Albermarle rejection.

They have struggled with funds which is the polar opposite of where WR1 sites. We have front run CRs at the distaste of shareholders (me included)
But both CRs now look like we got them at a premium.

I don't think we will get to 1B MC anytime soon but with LRS still being at 470M with a 48 Mt resource, WC8 is still at 780MC with no MRE and PMT still being well over a 1B for 108 mt MRE. Makes me still believe that if we see 55mt, we will at least reach 300MC.(50% premium). Not even the LRS 500 MC for a larger resource. Literally a 60% equivalent

Call me crazy but lhat seems logical to me. Despite the downturn, companies that have value still have a much higher MC than 200 M

This is again based on the assumption that we see at least 55mt. There are no sure things