Australia's largest stock trading and investment forum Australia's #1 stock forum

WR1

Click for more information

0.00%

$1.25 winsome resources limited

something like this:

First 28722 Last

Share
Profile

Follow
dtab

1,142 Posts.

1673

29/04/24

08:39

Post #: 73550138
Share

Originally posted by dtab: ↑

what you need to keep in mind is that the diagram of the orebody comes from just 27km drilling. (In terms of km drilled to tonnes of Li20 discovered, it's on par with PMET's maiden MRE.) There's plenty more growth.

There is a MRE upgrade due shortly, which I think will put the resource around 75mt @ 1.25%. Most observers (and comments by CE) predict 100mt resource by EOY.

WR1 have a different drill strategy than PMET in part because Adina is far closer to production. The focus of recent drilling seems to be putting >30mt into M&I to use for studies to model the reserve for first -15yrs LOM.

I expect most of that will be in the shallow, high-grade main zone which will comprise phase 1. You can easily draw a pit onto the diagram of the initial 60mt resource and get a sense of what that looks like, before drawing another pit to capture the best parts of the footwall zone in phase 2. The pit walls wouldn't need to be steep, and WR1 won't need to use AZM land.

I agree the deeper lower-grade parts of main and footwall won't need to be mined.

Expand

something like this:

WR1 Price at posting: $1.34 Sentiment: Buy Disclosure: Held
24 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 708 more messages in this thread...

First 28722 Last

Add WR1 (ASX) to my watchlist

(20min delay)
Last $1.25		Change 0.000(0.00%)		Mkt cap ! $238.4M

Open	High	Low	Value	Volume
$1.25	$1.29	$1.24	$739.8K	591.4K

Buyers (Bids)

No.	Vol.	Price($)
5	15502	$1.24

Sellers (Offers)

Price($)	Vol.	No.
$1.25	3000	1

View Market Depth

No.	Vol.	Price($)
3	9855	1.235
8	54672	1.230
3	9114	1.225
7	45660	1.220
1	3900	1.215

Price($)	Vol.	No.
1.240	7051	1
1.245	10114	4
1.250	15771	5
1.255	24120	5
1.260	15367	4

Last trade - 15.55pm 14/05/2024 (20 minute delay)


Last $1.26			Change 0.000 ( 0.59 %)
Open	High		Low	Volume
$1.27	$1.28		$1.24	117087
Last updated 15.59pm 14/05/2024 ?

WR1 (ASX) Chart