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Wealth Minerals Ltd V.WML

Alternate Symbol(s):  WMLLF

Wealth Minerals Ltd. is a Canada-based mineral resource company. The principal business activity of the Company is the exploration for minerals and the development of exploration and evaluation assets, primarily in Chile, Canada, Peru, and Mexico. Its projects include the Atacama Lithium Project, the Kuska Salar Project, and the Kootenay Project. The Atacama Salar project covers an area of approximately 46,200 hectares (ha) located in the northern part of Atacama Salar, in Region II of Chile. The concessions are adjacent to highway 23, which connects northern Chile with Argentina. The Kuska project consists of 8,000 hectares located in northern Chile, Region II, near the Chile-Bolivia border and approximately 200 kilometers (km) due north from Atacama. It also holds 2,500 ha of license area adjacent to the Kuska Project in the Ollague Salar in Chile. Its Kootenay project comprises two separate claim blocks: Ledgend, totaling 1728 hectares, and Lardeau-Goldsmith, covering 6918 hectares.


TSXV:WML - Post by User

Bullboard Posts
Post by mercurysmithon Mar 20, 2018 11:02am
145 Views
Post# 27746305

Mr Market Always Correct

Mr Market Always CorrectWith 300K shares now traded, the market seems to think WML is worth less today than before this big news.  I think retail s/h's see a company now watered down by 10% (given the partner has no land in the game).  Understanding the government regulations in Chile, partenering with such a Chile company was essential to be able to move towards production and 10% is a whole lot cheaper that 20% tariffs others get.  It also allows the company to get more serious with trying to arrange offtakes with end user auto and battery companies. Ultimately the market will work itself out once those wanting to cash in have thinned out.  The volume is actually still relatively low considering the significance of the news.  Maybe I just have rose coloured glasses, but it looks to be to be a great buying opportunity today.  Part of the problem is that other lithium companies of note such as ORL and LAC have taken a significant hit in the past couple of days, so some of the downturn is market driven.  If the fundamentals are there, it will eventually all work out--hence my repeating that the assay results (which will show the strong fundamentals) will be a turbo boost for WML, and those results should be coming soon.  
Bullboard Posts