WR1 0.66% 76.5¢ winsome resources limited

WR1 General Discussion, page-243

  1. 1,109 Posts.
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    Patriot metals has seen some good sp appreciation and its listed on the OTC as well as TSXV and frankfurt.

    they have some very big intersections. Circa 150m around 1% Li2O. From out cropping pegmatites but worth noting they are in what looks to be a difficult location right next to the waters edge, pretty sure an open pit down to 150m you'd have water flowing right into it. They now have a market cap of 530m CAD. With Only 127m SOI but no JORC.

    I'd say most of the attention they have received has come from the TSXV listing.

    Winsome resources is already listed on the Frankfurt exchange.. The OTC will hopefully come soon and could be an unexpected announcement leading up to drilling.

    WR1

    https://hotcopper.com.au/data/attachments/4636/4636846-cc924bf92d903b3837b0ad4c10aa1e37.jpg


    Plenty of upside to come and as @seaemay pointed out, us also having a low amount of shares on issue will propel our shareprice.

    However, it depends how the company goes about this.. Knowing the company will raise money either side of the JORC is going to make investors weary and out brakes on the SP. Feasibility studies are also not cheap by any means. Neither will it be cheap to explore all the tenements WR1 hold.

    So we will suffer dilution but none the less we start from a good base. Companies like CXO and the likes had to endure low level dilution as lithium prices were at rock bottom.

    With advanced exploration it means we are free from heritage surveys, rock chip sampling and modelling to a small degree enabling the company to be at the right place at the right time for a genuine lithium explorer. Not to mention a lot of metwork already conducted at the flagship project, cancet.

 
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76.5¢
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