Plateau Energy Metals Inc. PLUUF

RE:RE:MACUSANI CLAIMS LOST

[Y93H1979]

There could be a "shred" of truth to this. In Peru, you have to spend a certain amount of money per hectare of land you have "staked". If you don't spend x amount of money per hectare or fail to go into production after (I think) 11 years, you have to pay a pretty hefty fee to keep the land. This applies to EVERY exploreco operatin in Peru. Now, the claims belonnging to PLU are quite old, as they have been handed down from company to compnay through the years.

Now, from what I understand the laws came in a while ago, so they are all starting to come "due" in 2019. So, while what Otto is saying somewhat true, this applies to everyone, not just PLU (his emotional vendetta against PLU is well documented). I don't know what the process is for reapplying for the concessions, but I wouldn't imagine that every junior in the country is going to loose their concessions. 

Please realise what I'm saying could be completely wrong! Maybe JuanPeru can straighten things out.

Now the properties they have been operating on would meet the spending criteria set out in the mining laws, as plenty of $$ have been spent on them. And these are the properties that matter. I don't view PLU as an exploreco any more, it is well into the stage of development. So even if they loose x amount of concessions (which I doubt), I don't really care. All the Li and U are in a very small area, and all the planned drilling for more Li and U is in the same area. Dr Stefan believes they can double the U resource by "joining up" the current U resources which he believes are contunious, and there is also the U prospect at Falchani. In summary, everything of VALUE is located in a very small percentage of their concessions.

Realise, the undrilled areas have remained undrilled for 11 years. Why do you suppose that is?