Post by
trader53 on May 24, 2024 5:29pm
Market is having difficulty!
There is no doubt the market is having a difficult time putting a value on Case Lake. I see only a couple of ways to demonstrate the real value of Case Lake and those are an MRE with PFS to demonstrate the math of the project or a strategic partner who wants to take an early position in Case Lake much like Mitsubishi did with Frontier Lithium. Evans on more than one occasion has mentioned the possibilities that OEM'S will start taking positions in explorers that have deposits as a means of closing the loop. I am even unsure that if PWM hit pollucite and cesium on one of the one kilometer step outs that the market would react. We are clearly living with a bear market in lithium and an unknown commodity called cesium and until this changes expectations for market reactions is more about wishing than forecasting. Patience will still be the key and for those with more of a short-term window they should be prepared to live with the irrational market frustration.
Comment by
ErnieWorthing on May 27, 2024 2:08pm
Why kind of time line are we looking at for an MRE, do you think?