WEALTH MINERALS ARE ROCKSTARS AT PDAC!Wealth Minerals $WML.v. Spent some good quality time today with Henk Van Alphen, CEO/Founder. He was very hard to pin down, everyone wanted a piece of him. Some investors are disappointed that there's been no meaningful corporate update since the December 21st.
I can assure readers of this post that there are many high profile corporate initiatives underway. There's simply no, "material news" to report at this time. Everyone knows that Wealth Minerals has a few more acquisitions left in them, so information on that front is eagerly anticipated. But there's more than that. I don't know specifics, but everyone that touches the Li-ion battery biz is, or is rapidly becoming, well aware of WML.
A key takeaway from meeting with Henk is that the Company is undoubtedly the go-to junior in Chile for lithium. And, simply by me spending time at their booth at PDAC, chatting with various investors, Wealth (probably like other Li players) is in conversations with a lot of Asian parties, not just Chinese, but interest is coming from Japan, South Korea & Taiwan. European investors are all over WML as well, asking a lot of questions, showing a tonne of interest.
In my opinion, WML could sell 19.9% of the Company in a heartbeat, there would be multiple bidders, but they have zero interest in doing so anywhere near the current share price. In a sector where access to capital is of paramount importance, WML has banks, prospective strategic partners, State-controlled entities and institutional investors throwing money at them.
Maybe other Li players are experiencing similar levles of interest, but WML dominates Chile (as far as juniors go).
Overall, a very positive meeting with Henk and Michael Pound, Henk's right hand man. Very impressive story here, there's a lot more than meets the eye here. By that I mean the reasons why WML is having such great success and is in the hunt for even more assets in Chile. It really comes down to the management team and Board, the connections, experience, dedication. The Team is taking the Company to the next level. Not just Henk, but President Tim McCutcheon, Marcelo Awad (another huge figure in South America), and COO Xiaohuan (Juan) Tang.....
Lots of balls in the air, which is sometimes why companies are a bit slower in putting out Big news, but very exciting stuff.
There are about 25 TSXV/ASX listed juniors with at least one claim on a Li asset in Argentina (earn-ins, options, ownership interests. etc). In Chile, there's Wealth Minerals, LiCo Energy, Bearing Resources & Lithium Power Intl. (those are the only publicly listed ones I know of). Both ARG & Chile will see more entrants, but WML's first mover advantage looks to be insurmountable.