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Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome. The Case Lake Property is 10 km x 9.5 km in size and consists of 475 cell claims. The Case Lake pegmatite swarm occurs along a sub provincial boundary between the metasedimentary Opatica Sub province to the north and greenstone Abitibi Sub province to the south. The Company has staked the Pelletier Project consisting of approximately 337 mineral claims that account for total surface area of 7000 hectares in northeast Ontario , approximately 50 km south of Hearst .


TSXV:PWM - Post by User

Post by trader53on Dec 09, 2022 12:07am
407 Views
Post# 35160959

How big is the Case Lake resource?

How big is the Case Lake resource?Since Winsome took their position in every news release Chris Evans has stated " As we move forward with the development of Case Lake. It is very obvious that they have enough information and most probably an actual maiden resource that they have used to make the decision to fast track Case Lake into production. I am sure there are some Winsome shareholders who are wondering what the hell Chris is up to. At the start of a drill campaign of their promising properties in Quebec he makes an investment and is talking about fast tracking another Company's project. Some might say this is a risky move and to be honest if I was a shareholder of Winsome I too would be asking questions. I believe JM is an astute business man and a promoter teamed with Dr. Julie who is a world renowned rare earths scientific Geologist but neither of them are miners. Thus when they made the deal with Sinomine they did not have to worry about the mining experience necessary to put Case Lake into production. So when Canada demanded Sinomine divest itself along came an experienced lithium mine builder from Australia. Dr. Julie is ultra conservative and very precise about her work so when she states that Case Lake has the potential to develop enough reserves to supply the North American Lithium space you have to listen. I think that Chris took a close look, agreed with her and jumped aboard. It is very likely that Winsome will increase their position in PWM very shortly which will give PWM the capital to fast track towards production. A DMS system costs about $70,000,000 and with a three month payback, exceptionally low mining costs and 80% gross profits debt financing a DMS system will be a no brainer. Add to all this the fact we are in the early stages of a huge junior lithium bull market that will be larger than the crazy gold bull market of the seventies. My take is strap in tightly we could be about to take a very crazy ride.
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