Bullboard - Stock Discussion Forum Plateau Energy Metals Inc. PLUUF

Energy

Plateau Energy Metals Inc is an exploration stage company. The company is in the process of acquisition, and exploration, and evaluation of mineral properties in Peru. It is principally engaged in the exploration for uranium on its properties located in the Macusani plateau region of southeastern Peru and the Falchani lithium project.

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Plateau Energy Metals Inc. > Any Thoughts On What's Holding This Down

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Post by murray1961 on Oct 03, 2018 9:29pm

Any Thoughts On What's Holding This Down

Picked up some shares for the first time last week. Seems most other U stocks are moving up but something seems to be holding this one back.

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Comment by Investtowin99 on Oct 04, 2018 2:19am

I think the correlation with uranium is weak at this moment given that the excitement since the end of last year has been all "lithium". Granted, there's 125 million proven pounds of "low-cost" uranium, generating a NPV of 603 million USD (only on 72 million pounds of uranium) which roughly equates to 9,4 CAD per share (a new NPV will most likely strongly improve the ...more

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Comment by juanPeru on Oct 04, 2018 11:11am

Before lithium discovery at Falchani this stock used to follow uranium spot price pretty closely. I remember market cap was around C$40 million when spot uranium rose to $26, so with today's U price at $29 Macusani-only market cap would be around C50 million, which I know is very undervalued. I think many investors are punishing this stock because of these "ancient" paintings and ...more

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Plateau Energy Metals Inc.