Plateau Energy Metals Inc. PLUUF

CEO.CA update on PP and potential future NAV

[kafroper]

Just posted on CEO.CA thought i would share!!


"I spoke with the Agents yesterday for the PP. They had just been on a trip to the site 3 weeks ago. Here are the salient points of my discussion: 1. Uranium - value it at USD$2 per lb in the ground - 125 mln lbs - not quite Nexgen grades but very comparable to grades from the Africa and Aussie boys. Also, there's some Li in the Uranium orebody that will be processed, will lower the cost of U. 2. LI - 2.5M tonnes proven resource. Peer market valuation is USD$80 per tonnes in the ground. The capital raise is to double the NI43-101 resource to about 5M tonnes and to conduct a PEA. At PEA, the value is USD$225 per tonne in the ground. This should be done by Q2-Q3 next year. Review this I spoke with the Agents yesterday for the PP. They had just been on a trip to the site 3 weeks ago. Here are the salient points of my discussion: 1. Uranium - value it at USD$2 per lb in the ground - 125 mln lbs - not quite Nexgen grades but very comparable to grades from the Africa and Aussie boys. Also, there's some Li in the Uranium orebody that will be processed, will lower the cost of U. 2. LI - 2.5M tonnes proven resource. Peer market valuation is USD$80 per tonnes in the ground. The capital raise is to double the NI43-101 resource to about 5M tonnes and to conduct a PEA. At PEA, the value is USD$225 per tonne in the ground. This should be done by Q2-Q3 next year. Review this information in conjunction to the new drilling NR from last week. Look at the map and then the grades. After proving the resource, more drilling might be done if cash is in the till to find higher grade LI ore, just to determine where to start mining. Tuff LI is of better quality and less time to market than brine LI from Chile. 3. Rock paintings are not an issue - a majority of the drawings are shepherd doodles from last century. The minority Inca paintings have been protected and sent to museums. Won't be an issue going forward. 4. This story is just getting out to other institutions - This capital raise was also to broaden the shareholder base, there may be some Swiss and Belgian institutions involved. 5. I didn't ask about the permitting as I'd already taken up a lot of time. 6. There's no doubt that this is a world class deposit. Consider LI was just discovered this time last year, so it's understandable that this is not too well known. 7. Current NAV using above numbers and resources - assuming 80 mln shares out after capital raise - NAV USD$5.63 or CAD$7.33 If LI resource doubled and PEA completed, NAV is USD$17.19 or CAD$22.41 NAV computations are mine. This doesn't account for any LI from the Uranium side. Potential upside - proving a bigger Uranium resource, getting to PFS, etc."