The newly elected President of Chile (The Deep Dive..)Has proposed the creation of a National Lithium Company. With just over 50% of the worlds reserves from Brine this suggestion has driven a lithiun price increase of 25% since December 19/2021.
Mr Mores' decision to wait for the Sinomine LOI to play out was an awesome decision and after two seperate property visits Sinomine have finally showed their hand. Remember the news release that was put out where Mr More discussed the interest from multiple Companies but chose to explore on their own. Just as I suspected this release was simply a negotiating move to bring Sinomine back to the table which is exactly what has happened. The Chinese are tough negotiators and Mr More is not about to giveaway what could very well be a world class
Lithium and Cesium deposit.
Few remember these words fom Dr Julie Selway, Dr. Julie Selway, VP of Exploration, stated “Having been on 90% of all lithium bearing pegmatites in the province of Ontario, I can safely say that Case Lake pegmatites have the best economic potential in a publicly traded company that I have seen in all my years. I am grateful to Power Metals’ exploration team and all of their discoveries of new lithium mineralization, especially West Joe Dyke. I am looking forward to our maiden resource estimate at Case Lake and another successful year in 2019.”
Dr Julie Selway would never risk her reputation by releasing promotional material so you have to believe her strong words above are backed by her expertise and her 22 papers released on Lithium Geology and their occurences in Ontario. I fully expect that the smart money will gradually move into PWM and at .23 share with a low of .17 over the last 27 months where else could you risk .06 against the possibilty of a ten bagger? GLTA