Opinions
David Baskin
Western Lithium Canada Corp.
WLC-X
COMMENT
Nov 19, 2009
(Market Call Minute.) Lithium is all of a sudden the “hot” metal because of plug-in cars, which will use a tremendous amount of lithium for their batteries. (Remember what happened to uranium in 2007!)
$1.510
Stock price when the opinion was issued
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Most lithium stories in Canada are far and few between. Western Lithium (WLC-X) and Canada Lithium (CLQ-X) are pure plays. Both are higher risk exploration stories that still need to be funded. Lithium has a very rosy outlook, whether for car batteries, electronic devices, etc. He is positive on lithium. Worth a small amount of your portfolio.
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