Thoughts on PWM!!As much as I am disappointed at the lack of news I am not certain that news would have helped the stock price. My guess is PWM is sitting on a great deal of news. We have not seen a geological interpretation of the nine week boots on the ground program, the grab sample assays near Dome nine, the metallurgy results, a timeline for drilling, an MRE and the progress on the advanced mining permit which will give them an approval for a ten ton bulk sample. With all this news to come I suspect we will enter 2024 running.
I have always believed that Winsome saw PWM as an opportunity to fast track into production and would use those funds to continue to work on their JB projects. Every aspect of Case Lake from ultra low costs due to multiple minerals through to a relatively simple environmental permitting process suggests a very favorable timeline for production. Am hoping due to this unruly lithium market Winsome and PWM may choose to focus on building a mine rather than exploration which is getting next to no market attention right now.
The fact that Winsome put in over $8,000,000 in cash and Waratah over $2,500,000 in cash and Lithium Royalties $1,500,000 in cash leads me to the conclusion that they all expect that Case Lake is mineable right now and has much upside to build more reserves. Just trying to put the pieces of the puzzle together nothing more. For what it is worth I have been adding at every 1/2 cent level since .32. GLTA