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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