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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 Mar 25, 2023 12:58am
358 Views
Post# 35360005

Conversation with a large shareholder

Conversation with a large shareholder Just spoke with a major shareholder of PWM who brought up some excellent points. His first point was no matter how big the current maiden resource is on Case Lake they have only explored 5% of the claims and all 13 remaining Domes have the potential to unearth another separate deposit. His guess on the maiden resource is between 8 to 10 million tons. He also stated that the ease of mining the main zone with DMS would make the permits much easier and faster to obtain. He said compare Case Lake to the Bay and suggested a 10 million ton resource on Case Lake is worth what a 20 million ton deposit in the Bay area. He noted the transportation costs alone would justify his thoughts. When I asked him about the SP on PWM his answer was very intriguing. He was clear that the street understands that JM is a promoter not a mining person and Case Lake needs mining professionals to move the project ahead. This very much fits into what i said earlier that once the financing is closed watch for a new mining related team to be put in place. He thinks that Winsome will bring this expertise to Case Lake and thinks that move alone will rerate the stock price along side a very aggressive exploration and development program for 2023. Evans has stated this on more than one occasion that they intend to bring their experience to Case Lake. I think we will have answers soon.
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