WR1 0.00% 52.0¢ winsome resources limited

Right on about RIO in Serbia.Then there are all of the...

  1. 1,375 Posts.
    lightbulb Created with Sketch. 2057
    Right on about RIO in Serbia.

    Then there are all of the unconventional sources, DLE brine and petrobrine, sedimentary deposits which the big banks' supply models seem to take at face value.

    But they carry significantly higher technical risk than spod operations, and much higher capital intensity. These make it unlikely they will be developed in a suppressed market such as this one.

    low prices = stalled development & high opex operations shut down = less supply, but demand continues to grow.

    China faces all sorts of challenges with their lepidolite and brine resources, and their African operations. Low quality is always the problem with China, and it's not what tier one OEMs want if they can avoid it.

    Remember that a kg of Li2CO3 is not standard, like an oz of gold. 70% of lithium carbonate delivered through GFEX had to be returned because the quality was so bad.
    Last edited by dtab: 20/08/24
 
watchlist Created with Sketch. Add WR1 (ASX) to my watchlist
(20min delay)
Last
52.0¢
Change
0.000(0.00%)
Mkt cap ! $115.1M
Open High Low Value Volume
52.0¢ 53.5¢ 51.0¢ $145.1K 278.9K

Buyers (Bids)

No. Vol. Price($)
1 50000 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
53.0¢ 3000 1
View Market Depth
Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
WR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.