Plateau Energy Metals Inc. PLUUF

RE:Any Thoughts On What's Holding This Down

[juanPeru]

Before lithium discovery at Falchani this stock used to follow uranium spot price pretty closely. I remember market cap was around C$40 million when spot uranium rose to $26, so with today's U price at $29 Macusani-only market cap would be around C50 million, which I know is very undervalued. I think many investors are punishing this stock because of these "ancient" paintings and because of the uncertainty regarding the lack of a law that regulates uranium mining in Peru, so the market value of Macusani might be around C35 million at this point, and the rest of the current market cap (C55 million) is attributable to Falchani. Both issues are being addressed by the company and Peru government, respectively, and explorations are being conducted with the aim of doubling uranium resources, so imo the uranium part of this stock is a short term catalyzer, as well as lithium's. In any case I think the main driver of the share price in the next months will be a buy-the-rumor Falchani PEA rally which might last until mid-2019.