Is this the week? I suspect that this could be the week when Case Lake starts to demonstrate that indeed it does have the goods and Dr. Julie was right. If I had to guess I believe that the drilling to date will expand the tonnage on the Main onto a road leading to a 20,000,000+ ton resource. I don't expect a huge market reaction from the lithium as the sector is very bearish at the moment but once we exit this bear market a 20,000,000-ton resource in this location should yield PWM a $300,000,000 market cap.
West Joe is an entirely different story with the focus being Cesium and an opportunity to become the only known mineable resource for Cesium in the World. I found it very interesting to hear Chris Evans turn his attention to Cesium when originally, he said PWM and Sinomine were zeroed in on the Cesium while he believed they needed to turn their attention to the lithium. You have to know that Evans would be privy to the visuals on West Joe core so what exactly is he seeing that caused this about face. My guess is pollucite and lots of it!
What the market is missing right now is extreme fractionation not only creates the environment for extremely high-grade cesium but also lithium and tantalum. Lithium as high as 4.75% and tantalum as high as 1440 ppm. Needless to say, lithium at 4.75% is rare and tantalum at 1440 ppm is more than 7 times what is considered ore grade. One must ask themselves what would this rock be worth with these three extremely high-grade payables?
Having said all of this Evans referred to the Cesium as hot right now with multiple parties showing interest. That in itself builds the value of a Cesium Resource and one must wonder if Energy Players who rely on the cesium in their drilling of wells might be one of these parties. In conclusion I will be watching for the step outs on the Main as they will be resource builders, but IMO West Joe and Cesium could quickly lead to a very healthy re-rating of PWM'S share price. Only time will tell!