For those who still have doubts of WR1's multi-billon potential,...

For those who still have doubts of WR1's multi-billon potential, have a look at CXO's  small resource and reserve. 18.Mt reserves for 1.32%.


They are currently worth $2B. They are also currently undertaking DSO, and hence they are racking in cash.

Took me a while to dig up dtab's post but here it is. Thanks @dtab.

https://hotcopper.com.au/threads/wr...43412/page-3419?post_id=65352961#.Y9YxAHZByUk

According to his calculations, if we ditch all the other assets and just mine Cancet's 3mt, pack up and go home, that's still ~$1B AUD for shareholders. Except that's not what we'll do. We will use that money from Cancet DSO and fund the construction and mining of Queen Mother Adina. Let's not forget that Cancet is going to be much bigger than 3mt. Will it be a lot bigger or just slightly bigger? That'll depend if we can find the Queen Mother Cancet or not. CE reckons what we see at Cancet has got to come from somewhere.

Now to reassess this potential, multi-decades cash generator as the world transitions into full electrification. The question is can we worth a few billions? You make your own judgement.

DYOR as I am just a biased happy shareholder.