ULTH to be pumped in 2024?I ran across ULTH this morning and researched it a bit.
It has two good-looking projects in Scandinavia.
- The Bergby project in Sweden looks like it may get to the bank.
- The Kietyonmaki, in Finland, looks good, too (e.g., 13m @ 1.7% LiO2).
[caveat on both: the company's tables and graphics do not present the estimated true widths. the intercepts listed are significantly greater than true width.]
Both projects have drill intercepts with higher grades than I've been seeing this year from the James Bay explorers and developers that I follow.
ULTH's management team is solid and several participated in successfully selling a Li pegmatite company.
Catalyst to trigger buying in the US:
ULTH has three projects (in Wyoming, Colorado & South Dakota) that may be brought to the attention of US retail investors in 2024:
- two of them (the Liverty in South Dakota, and the Freedom in Wyoming) have been semi-systematically surface sampled and show some promise.
- The third (Patriot, in Colorado) will be interesting for the explorationist but there's not much data for us yet.
- ULTH says it will drill Liberty and Patriot in 2024.
- Wyoming is still pro-mining.
- Colorado and South Dakota were at one time, but I don't think they are know.
To me the US project names reek of names selected to help sell the stock to americans - that's part of why I think in 2024 the volume and price will rise in the US, where it trades on OTCB as ULTHF.
I'm in it for the two scandinavian projects, and my expectation that fanboys and pumpers will push the company to americans next year, tauting the 'Freedom' and 'Liberty' and 'Patriot' projects.
Maybe I'm too cynical?