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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 trader53on Aug 14, 2023 9:13pm
112 Views
Post# 35588161

RE:RE:RE:Ready to go!

RE:RE:RE:Ready to go!Listened to an interview with the CEO of Lithium Royalties when he was asked about their criteria  used to make decisions on purchasing royalties. He listed 4 bars to clear as they look at any opportunity. 

1) Tier one jurisdiction 2) High grade resource preferably hard rock 3) Low cost of mining 4) an expectation of production.

I look no further than point 4 to understand others are seeing much more than we have seen. Then the 73,000,000 shares trading hands on no news. Lastly was Lithium Royalties paid a premium to buy the Case Lake royalty compared to what they paid for Adina. 

Add all this to the MDA Geological discussion which clearly defined the huge potential for PWM to grow this undefined high grade low cost deposit . I have spent a full year doing a deep dive on this play and I have yet to find a red flag on Case Lake. GLTA
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