It's crazy that PWM is still being treated as an early lithium explorer. Yes, the stock is doing better than most lithium explorers which are down 60% to 80% whereas year to date PWM is up 15.81% based on today's closing. I wish I knew when the market was going to start recognizing the value, but I don't. What I do know is there will be a time in the future that no one will believe they could have bought a single share for a quarter. With a production timeframe of 18 months my guess is a strategic partnership will lay the framework for the numbers pertaining to cashflows and profitability. As crazy as this sounds my guess is we could have a billion dollars of value sitting in the ground. How did I arrive at this number? Haydn said the three mines that mined cesium produced 300,000 tons for a sales value in the ten billion range and that he expects a Case Lake MRE over 10% of total mined. Using the 10% number that would translate to a billion dollar in ground value. The market is missing this totally. I absolutely love the following information from today's news release:
The Company has continued to advance its Metallurgical test work with SGS Laboratories in Canada, currently over 80kg of material has been sent to SGS to commence the test work in the production of cesium chemicals. At the same time the Company has dispatched over 60kg of material to Tomra Australia to conduct ore sorting and mineral separation on cesium from West Joe. This metallurgical test work will continue into October as the Company continues to de-risk the cesium mineralization of West Joe.