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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

Comment by Nafets10on Jul 17, 2023 11:59am
133 Views
Post# 35544237

RE:RE:I have no clue!

RE:RE:I have no clue!

While I agree some of the discourse has been a bit hyperbolic- you made two big statements which are demonstrable falsehoods.

1. "shares are owned by thousands of small and medium sized shareholders to the tune of 96.61%". You can very easily find that Winsome Resources owns 14.6 million shares, over 10%. 

2. "Numbers like that would have to be over 30 meters+ to be worth opening a mine." The Sinclair Mine in Australia, one of three in the world, with a similar geologic structure, clocked its premiere discovery hole, PDRC015, at 6m @ 27.7%. They never got anywhere NEAR 30m at 20%. You're just making numbers up, especially given the extremely limited history of Cesium mining.

I have no idea why would you would blatantly lie like that. I will bet on this stock because I believe the geo-political situation coupled with the fundamentals show an opportunity if the drill program can confirm more Cesium.

Stock Structure Breakdown:

https://www.marketscreener.com/quote/stock/POWER-METALS-CORP-32119240/company/

Source for Sinclair Exploration Numbers

David J. Crook, Stuart T. Kerr, Jess A. Booth, Nigel W. Brand & Russell Panting (2019) The discovery and geology of Sinclair, Australia’s first caesium deposit, ASEG Extended Abstracts, 2019:1, 1-5, DOI: 10.1080/22020586.2019.12072971

https://www.tandfonline.com/doi/pdf/10.1080/22020586.2019.12072971

 

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