PMET is certainly a better comparison.
For WR1 MC the SP is based on the Renard deal bing successful for which a proposed 67m Shares could be issued or cash equivalent.
These should be built into the SOI, as should options that are in the money. Another 11m
If we do the same for LRS they have 114m with a 22c strike, so will be in the money at some point again then the below are the numbers.
EV is based on end Dec. 55% of LRS
Straight MC about now WR1 is 60% of LRS
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PMET is certainly a better comparison.For WR1 MC the SP is based...
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