Bullboard - Stock Discussion Forum Defense Metals Corp DFMTF

Primary Symbol: V.DEFN

Metals & Mining Industrial Metals & Minerals

Defense Metals Corp. is a Canada-based mineral exploration and development company. The Company is focused on the development of its 100% owned Wicheeda Project, which is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada. The Wicheeda Project consists of 12 mineral claims covering an area of approximately 8,301 hectares (20,534 acres) located 80... see more

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TSXV:DEFN - Post Discussion

Defense Metals Corp > SP cut in half since March, and not showing support.

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Post by up2005 on Aug 01, 2022 3:41pm

SP cut in half since March, and not showing support.

The company has turned into a real sleeper. Just a steady DECLINE to $ 0.17 since March. Which correlated with the lack of News from the company. Sure a few email blasts from IR using 3rd party articles supporting the need for North American sourced REE. Well that's not news worthy and will not affect the sp. As we await the drilling results and an updated PEA that news should move us much higher. Our Market Cap of $ 31.53 million for a project professed to be worth hundreds of millions of dollars does not register with deep pocket long-term Value investors. The elevator pitch was compelling, but it is no longer attracting new buyers. Once again we add 3-4 more months to the "turn-around" time table.

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