Post by
trader53 on Sep 29, 2024 4:04pm
Thoughts on the future of PWM
My first reaction to yesterday's interview was an awful lot of excitement. I decided to take the day off to avoid posting something based on emotions rather than common sense, little picture versus bigger picture. So here are my thoughts on the Case Lake story. Dr. Julie came to the conclusion that the Domes at Case Lake were associated with the mineralization and fractionation events that enriched Case Lake. So during the vicious bear market in lithium during 2019 & 2020 two strategic moves got my attention at a time when PWM was trading at .09 and lithium at $550 a ton. JM acquired the last 20% of Case Lake giving PWM 100% ownership. Then during COVID Dr. Julie staked 107 additional cell claims and these were her comments word for word. "The staking added 4 additional granitic domes to the Case Lake Property bringing the total to 14 domes. Each dome has the potential to host Li-Cs-Ta pegmatite dykes close to surface. The new domes are Abbotsford, Joe Creek, Kenning Lake and Circle Lake. The highlight of the staking is the acquisition of the Abbotsford dome in Abbotsford township. The Abbotsford dome is located on the east end of the 12 km long mineralization trend from West Joe Dyke to Main Dyke to Northeast Dyke to Dome 9. The Abbotsford dome has excellent access with the Translimit Road next to it as well as several logging trails within in it. The dome also has abundant outcrop." This is the moment when I came to the realization that Case Lake could become a district scale resource for Lithium, Cesium and Tantalum. To be honest the possibility of a World Class Cesium Deposit was never on my radar and this confirmation changes the future of Case Lake. With hundreds of millions of dollars in a near surface Cesium that is being fast tracked into production PWM will have the ability to self-fund their exploration going forward. Considering the cash flow from West Joe, no debt, huge blue sky in the 11 unexplored domes and no dilution I can only say that Case Lake has the potential for life changing returns. As far as the market in the near term its anyone's guess but there is no question in my mind that the SP will be rerated before the year is out. Whether its a strategic partnership or the discovery of more cesium or an amazing PEA being the catalyst is anyone's guess. What is very clear to me right now is the risk reward profile is the best one could hope to find on the TSX.
Comment by
frewil11 on Sep 30, 2024 11:16am
This story on PWM could get unbelievable if they can prove up 20 or so million tons of Lithium and also be mining that in 12 to 18 months , once Lithium comes back into favour who knows what the share price can get to , oh ya forgot about the Tantalum , its not even being mined in North America right now , hasn't been in the US since 1959 .