Any project must be able to deliver cross the finish line, and run laps around it. That means Approvals and Finance, and Longevity.
Approvals - essential, then Finance - only if economics returns over longevity of surety of jurisdiction makes investment decision payable.
Approvals illusions- Africa easy, but flawed risk longevity.
Countries that aspire to building a stable vertical industry with stable western jurisdiction => longevity => attract finance.
Flawed Supply Modelling. What happens when the likes of Rios Serbia mine does not proceed ? Or others are equally prevented from either environmental or cultural or geo instability ?
WR1 with Renard = low risk approvals in jurisdictional longevity = finance attractive. Even if margins are softer, and longer payback period, capex is low, and viable due to stable geopolitical fiscal environment.
When many other projects are not given FID, who will lend when the foundations are built on shifting sands, eg, Africa, Brazil, Australia. = Supply disruption. = Lithium 3.0 supercharged.
WR1 is a prime stallion, that will weather the winter. PEA not far away, and Renard corporate / commercial cost ? window reveal.?
No lakes, prime asset developer for Canada. Lets see what government assistance with road costs, and whatever else, as they become shareholders of WR1 as we pay for Renard with scrip ?
At 100m mc or so, ball park, betting on the best horse in the field capable of running multiple laps around the track. Not just a matter of build, but build and operate longevity, without a spear or other indigenous or environmental or regional conflict fatal flaw.
WR1 Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
