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Fuse Battery Metals Inc. V.FUSE

Alternate Symbol(s):  FUSED

Fuse Battery Metals Inc. is a Canadian based exploration company. The Company's focus is on exploration for high-value metals required for the manufacturing of batteries. It owns 100% of the Lithium Springs Property, which is located at the southern end of Black Rock Desert, Nevada. It also owns 100% of the Monitor Valley North Lithium Property, which includes 97 placer claims covering approximately 770 hectares (ha) of alluvial sediments and clays located 134 km northeast of Tonopah, Nevada. The property is located in Monitor Valley, Nevada. It owns a 100% interest in its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of five mining claims totaling approximately 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha.


TSXV:FUSE - Post by User

Bullboard Posts
Comment by Luc1961on Mar 08, 2018 2:37pm
121 Views
Post# 27685414

RE:RE:Numbers

RE:RE:NumbersFully agree with you Norbu on the matter of proving the resources in the ground. Ultimately, the main driver of share price appreciation is the value of the company, as depicted by its Market Capitalization. If LIC indeed has an economically viable deposit worth "many times north of $100M" as some posters have suggested, you can be sure the Market Cap will increase way beyond the current $17M. While we can speculate on mathematics, at the end of the day it's an NI43-101 compliant Resource Estimate that will get the attention of the market. And then things will move...probably quickly (assuming the RE is good of course). People getting in the stock at the current low prices will be rewarded plenty, and it doesn't really matter if it's 13 cents, or 10 or 15). This exact situation happened to me almost three years ago: bought shares of Formation Metals at 11 cents (company had a Cap of about $10M then). The stock price just sat in a fairly narrow range (8-12 cents) for about 6 months, until the proven info became available on the resource size. Fast-forward 2 years to today and the company's shares trade at $1.40 and the market cap is $225M. You can verify all that (but note that Formation Metals is now eCobalt Solutions, ticker ECS). Based on what I have seen so far on LIC, and most importantly on the notably good assay results they have reported, I can see a similar story developing (and I hope with the same end result). The next 3-6 months - and particularly the Phase 2 drilling that should give us the initial Resource Estimate - will be a main catalyst. If it's good, watch out! All in my humble opinion of course...! GLTA
Bullboard Posts