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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 03, 2022 2:01pm
342 Views
Post# 35148763

Thoughts on PWM

Thoughts on PWMWhen you look at other hard rock lithium explorers in Canada you have no choice but to put PWM into the category of not only High Grade but also a Trifecta of Minerals. I like to think of it as the VMS of rare earths. Unlike CRE who have a 7 to 1 ratio of waste rock to lithium ore PWM results place the payable ore basically right on surface. Yesterday's deal with Winsome Lithium is very interesting as they spent 12% of their IPO raise to buyout the Sinomine interest which is basically a 2.5% share position. It's obvious that Chris Evans believes that Case Lake will indeed deliver a substantial mineable maiden resource that he feels they must be part of. I don't believe for a second that Winsome is happy with a 5% holding assuming they exercise their warrants which I believe they will. Thats another $3,000,000 which would mean Winsome have invested $5,000,000 in cold hard cash into PWM and PWM will still maintain 100% ownership. You have to know that there is much more being discussed behind the scenes. CRE have a 65% gross margin on their PFS using a lower grade lithium and Tantalum estimate. PWM near surface with higher grades of Lithium and Tantalum plus the Cesium which is estimated at $4000 an ounce would have to support a gross margin in excess of 80%. In terms of the share price Canada is fast asleep and because the Venture Exchange is in an ultra-bearish downturn where great news is always treated as a liquidity event, and it attracts the sellers. The majority of the investors share positions are deeply underwater on the venture exchange so when the opportunity to sell one of these at a profit they do. If I am right with Canaccord buying 450,000 shares in the last half hour of trading on the day of the announcement and then Morgan Stanley buying another 450,000 shares in the last 1/2 hour of trading on Friday suggests to me either fund buying, or big money is starting to step into the PWM market. Either way the smart money will continue to lift the retail sell orders as low as possible. Sorry for being so long winded as you all know I have been ultra-bullish for some time now and I must admit Imo Winsome just DE risked PWM and I could not be more bullish. GLTA
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