WR1 3.36% 61.5¢ winsome resources limited

WR1 General Discussion, page-24872

  1. 375 Posts.
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    Off course these are being sold together, they're highly comparable, both are non-producing Lithium developers.

    Main difference is:
    * PMT has a somewhat bigger deposit
    * PMT has a much bigger marketcap
    * PMT is quoted on both ASX and TSX-V, while WR1 only is quoted on the ASX

    Both look like Tier 1 deposits in firstclass jurisdictions.

    To me it seems that WR1 is relatively undervalued vs PMT, due to the TSX-V quotation that it lacks. Looks like a serious miss by management. In Canada there aren't that many lithium plays to choose from, while on the ASX they're abundant.

    It also would enable Winsome to issue flowthrough shares with taxcredits to Canadians at a much higher valuation.

    To me it seems stupid not to get a TSX-V quotation before issuing a new MRE. After the MRE is issued Canadian investors will automatically do a peer comparison with PMT and pull WR1 valuation up on the basis of market cap per MRE tonnes.



 
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Last
61.5¢
Change
0.020(3.36%)
Mkt cap ! $133.0M
Open High Low Value Volume
59.5¢ 61.5¢ 58.0¢ $298.5K 505.3K

Buyers (Bids)

No. Vol. Price($)
2 47301 59.0¢
 

Sellers (Offers)

Price($) Vol. No.
62.0¢ 12915 2
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Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
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