Western Lithium Picture Becomes Clearer
January 13, 2010
Today we finally got wind of why Western Lithium (WLC) shares have been so strong in recent weeks.
In a conference call today Dr. Jon Hykawy commented on the company's positive, recently published, scoping study for their Kings Valley Lithium project in Nevada. This initially sent the shares down from last nights close of $2.10 to $1.88, before rebounding to 5 cents shy of this month's all time high of $2.35. The shares closed at $2.30.
This prompted Byron Capital Markets to increase their target price on Western Lithium shares to C$4.40.
Given today's positive news and earnings upgrade, we have re-added Western Lithium back onto the model Beacon Master Portfolio.
Click here to see our original August the 18th Blog on Western Lithium.
Source: Big Charts
