CFTF is ending and the last raise probably is the final one with...

CFTF is ending and the last raise probably is the final one with Flow Through funding.

It means high dilutions coming in future raises, and on average WR1 raises twice a year.

One can see the sp just decimated in the coming months and years as its so expensive to operate in the Quebec wilderness.

I have raised these points before and said best case is sell this to the big hitters like RIO as a minnow like WR1 doesn't have the balance sheet and financial depth to survive the 3 to 4 years of development without great dilution.

If they had gotten a $2.50 offer to sell versus current sp holders would want it sold imho.

No chance of that now