Post by
trader53 on Sep 09, 2024 6:03pm
My take on the interview
So many of the puzzle pieces were delivered in this interview today. Haydn was calling for a 30,000-ton resource or higher which is 10% of the cesium mined since records were kept. He also spoke of the many untested targets that have a signature of more pollucite. My take is he believes that the 30,000 tons is already drilled out and that he expects more going forward. As I suggested in previous posts, they were derisking for production not additional exploration. That is now a known fact! His comment on Winsome suggesting that Case Lake could take their attention from Adina is an interesting one that makes sense. A cashflow from Case Lake would allow Winsome to self-fund their Quebec Project. There is little question that Haydn has done a back of the envelope study of the numbers and providing the metallurgy demonstrates that all three payable minerals could be separated this mine is going to be crazy profitable. It will only be a matter of time before the analysts begin to put a value on Case Lake. Having said that a deal with a major would deliver that value ahead of the analysts. I believe that Albermarle was mentioned three times, and he pointed out they have an extremely profitable Cesium Division. Having said this Albermarle would be a great fit for the only cesium deposit on the planet. If I am right a strategic partnership would immediately revalue Case Lake and its share price. Don't lose sight of the fact it would be the only producing Cesium mine on the planet. The other factor to keep in mind is that all the high-grade cesium drilled was accompanied by high grade Lithium and Tantalum. As far as the numbers are concerned, I can only use common sense and that tells me a ton of rock in Canadian dollars would be worth at today's lithium price $922.00 plus Tantalum $425 and an ounce of cesium at conservatively $3000. When I add Chris Evans observation that if you cannot mine a shallow deposit for under $500 you should not be mining, I conclude Case Lake will be a cash cow with huge bluesky potential. Now for my rose-colored glasses thoughts. When Tanco was being drilled they were getting similar results, and it wasn't until they drilled under the lake that they discovered a huge resource. At West Joe we are bordering a lake, and could the geology be a mirror of Tanco? I said long ago my shares were not for sale until Case Lake proved me wrong and today was just another step towards my belief that Case Lake will be an anomaly! GLTA