WR1 General Discussion, page-32459

@Bunn-Wackett, I've been following your posts on the LTR threads, many of which I have agreed with (but not all).

I must say that I'm surprised by your negative comments here.

We have a very large (2nd/3rd largest Indicated in North America, not under a lake) at surface, easily mineable open-pit (not underground) orebody, and we have a brand-new indoor plant that is ready to go with some low-capex tweaking. It'll produce more than 75% of what LTR will produce at 3Mt/a. We'll be making excellent margins at $1,000/t SC6 (at surface mining, not underground, DMS processing only) and we won't have a massive debt burden to pay back.

We are in prime position for investment from Korea, Japan and the US/Canada who desperately need to secure non-Chinese sources of supply (I believe for ESS even more so than EVs).

PMT have a massive +$1B capex bill that includes building a dam and they need to mine under a lake for half of their feed. A very risky proposition.

SYA are a basket-case at NAL given their inherent high opex and garbage offtake agreement with PLL (why the f8ck they signed up to that is beyond me). And Moblan is massive capex too, again +$1B, very highly dilutive and debt will be huge (if they can get it which I doubt).

LTM know that Galaxy (James Bay) is uneconomic so they have shelved that, as they should.

WR1 is the stock to hold. When lithium demand outstrips supply again soon, our share price will get a further massive re-rate. Keep in mind that no one is questioning that Lithium demand is tripling (3 times !) between now and 2030. I don't mind if it takes to 2031! There is no doubt that Li prices will need to be much much much higher to incentivise the investment needed for a tripling of supply, in 5 short years!

Our market cap is around A$130m, that's 15 times less than LTRs and about 6 times less than PMT's. There is very real and very massive money to be made on this stock in my opinion.

Why not join us and share in the spoils that are coming in the next 12 months?