WR1 General Discussion, page-32412

Those who look at the winter, who fear that the sun will never rise.
They are testimony to their own shortsightedness.

Our PEA is not far away, and come what may "commercial and corporate" re renard cost.
There are few that can put a Brazil type capex, outstanding, in a tier 1 western location prominent to North America and European markets, that exceed Brazil for longevity confidence.

While markets chase the hot commodity in the moment, that draws many moths to the flames.
It is the market in the forward schedule, the 2027 pricing environment, etc, that strategics or predators in the counter cycle, the present, will look to seed the guarantee of supply or diversify their geopolitical assets as PLS has done with LRS.

And when the low risk pathway to develop approvals, combined with a low capital burden, along with jurisdictional longevity, all the better for the predators appetite.

560m is the bar set by PLS for LRS in the counter cycle for an inferior jurisdiction.
What will they pay for WR1 with 100mt ?

When you consider the market value of PMT, and the logistics bottleneck, compared to the clearer runway that WR1 Adina- Renard transport. It comes down to forward earnings multiple / takeover value to the predator.