Plateau Energy Metals Inc. PLUUF

Off the Charts Grade

[ureka]

I notice that the company has now confirmed initial hole results with a second hole that seems to be even better.
The grade seems fantastic, is it even better than Salar de Atacama?

[Wever1974]

  Plu   = hard rock    Lithium triangle = Brine      Very very different economics. Hard rock are considered  real high grade above 1% . That said it is still very very   interesting. Could turn out to be one monsterous resource   with the u308 credit. Or U 308 credit.  Both metals are going  to go ballistic over next few years

[johnez]

Yes thats correct but this is "monster grades" even in hard rock. Intersected 61.2 m at 3,670 ppm Li (0.79% Li2O) from 122.0 to 182.2 m Look at grades for companies with brane deposits that often get drill results of 100-300 ppm Li I do not know the exact cash cost differences for hard rock and brine mining but I have a in my mind that its around the half cash cost for an average brine

[Wever1974]

        Anything less than 1% grades in hardrock is not   considered special . Once you break 1% it gets  interesting . The fact that cap ex would be shared   with u308 credit makes it very attractive . PLU already brags a very low cost production prior to this new discovery . This discovery should bring  its AISC to the one of the lowest in the

[Dejogii]

I decided to keep my PLU shares long, but the insider sellings over the last few days make me worried.... Nov 24/17 Nov 24/17 Disbrow, Robert Control or Direction Common Shares 10 - Disposition in the public market -20,000 $0.600 Nov 24/17 Nov 24/17 Disbrow, Robert Indirect Ownership

[Dejogii]

Ok he's a portfolio manager... https://www.bloomberg.com/research/stocks/private/person.asp?personId=24363064&privcapId=1429259

[Wever1974]

   Disbrow owns about 20% of the company .  Look at his buying activity in open market  Jan -Mar 2017.  Was at higher prices at much larger purchases .  That said it's odd he is or not  was selling . It's nickels and dimes for him .     I ve been in the stock for 2 years and with the    latest drill results I'll be here for