Well I have always said that scale can allow a company to have a dominant position in the relative areas/hubs of Quebec, look at PLS in AUS, developing their concentrator to produce 1,000,000mt per annum wow that's a pretty big operation and will immunise them quite a lot from market fluctuations and competitors.
This does highlight that this sale is possible, it may be harder in Quebec as they have to winterise their plant, so this obviously adds to the CAPEX cost.
WR1 will be in development phase shortly and will need to make decisions on scale, at this stage none of the other explorers are at the stage where you can confidently say they will have a mineable resource so WR1 cant really speculate on possible synergies with these other companies.
However with the first mover advantage once WR1 have a producing plant up and running then they would be in the drivers seat and therefore production synergies, tolling agreements, buy outs etc in the Trieste are all possibilities.
Looking forward to see what this 50,000 metres of drilling brings up first the rest will sort itself out.
Well I have always said that scale can allow a company to have a...
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Last
$1.34 |
Change
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Mkt cap ! $254.6M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.30 | $603.8K | 456.6K |
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| No. | Vol. | Price($) |
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| 1 | 7477 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.34 | 6279 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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$1.34 |
Change
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| Open | High | Low | Volume | ||
| $1.34 | $1.34 | $1.30 | 105770 | ||
| Last updated 15.57pm 26/04/2024 ? | |||||
| WR1 (ASX) Chart |