WR1 General Discussion, page-25352

It looks like the market has been spooked by the SYA quarterly, SYA look destined to go into C&M, if they don't they will go under.

SYA and WR1 might both be operating in Quebec, but that's where the similarities end. SYA's ore has always been the main problem, they can only produce SC5.4% and at a low yield so they are achieving a very low price for their ore whilst their operating costs are high due to the extra processes required to even get to SC5.4%.

Best to compare WR1 Adina with Alkem's James Bay where the ore has much less impurities and most likely DMS amenable therefore easily producing SC5.6% at much lower operating costs and with negligible impurities compared to SYA.