TSXV:CLIC - Post Discussion
Post by
VbayNo2 on Nov 18, 2022 10:18am
Nice gap up in the morning 😊🚀 BIG Money Stepping UP
Nice gap up in the morning
BIG Money Stepping UP to this AREA near WR1...Bashers are Poor in the Pockets
Nice Stepping Stone...that's No Li
WR1 comments from AGM
Huge interest received as we already know in the latest CR due to the scarcity of shares being placed. Actually they received offers for over $20mil in the short few days Had some discussion with CE about how PMET are travelling currently valued at a market cap of $600-$700mil - his thoughts are WR1's deposits are located on land vs alot of PMET's deposit are literally sitting under lakes, hence PMET needing to wait until the lakes freezes over for better drill access. I thought that was an interesting point in terms of a comparison WR1 and PMET. The implications for PMET could be that they need an extra couple of years permitting and environmental work to mine the deposits under the lake. Guess that is PMET's problem not OURS 
As far as we know we don't have peg bodies under water which is a huge positive, which cuts down mine development time and over at Jamar it sits quite elevated where they have to pump the water up the hill for the drill rigs. - Talked to both Tsingtao and CE about potential offtakes, saying I guess its still very early to do any offtakes - what I get from it is that there is ALOT of interests - but they would obviously prefer to hold back any offtake rights for as long as possible to maximise our value. Gist of it is alot of offtake interests, but if we wait longer we could get alot more all things being equal with the market.
So yea all positive, rigs are drilling away, assays a couple more weeks yet and they are chasing alot of targets. Heavy news flow period now and well into 2023. Watch for interests in PMET and WR1 - if we continue the same PMET style results who knows where we will end up.
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