Lithium is becoming mainstream.CNBC did a report on Lithium today and their key points were lack of production, huge capital to put a mine into production with a three to four year build timeframe,a significant supply demand ratio which will push prices higher as demand will far outstrip supply and brine producers costs are much higher than hardrock producers.
This sets up so well both for Sinomine and PWM. A rail line runs directly through Case Lake claims across 2 Provinces and through the Tanco Mine. Think about this no capital expenses to build a mill and a plant and the rock can be shipped directly to the Tanco Mine. Mining has ceased at Tanco although they are through putting stored material but that material is quickly being depleted. Sinomine paid $130,000,000 in cash for Tanco in July of 2019 and have invested over $50,000,000 in upgrades.
The Mining Journal reported that "Sinomine's goal is to find further mineral resources for commercial mining at TANCO, such as cesium, lithium, etc, through this strategic partnership with PWM,"
The stock was in hibernation for three years and I mean hibernation. Mr More put it on ice knowing that doing a deal with Simomine was the equivilent of a micro tech company doing a deal with Apple. In the meantime many shareholders were angered with the silence and now the stock is coming to life they are shovelling it out. The perfect scenario for accumulation. I believe if a cesium resource is proven PWM will become a ten bagger by years end. GLTA...