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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 london6erson Feb 25, 2023 10:57pm
204 Views
Post# 35305542

RE:Patience

RE:Patience Patience ? Yes I agree this is a speculative mining stock. However, the CEO should communicate better to shareholders. His Chief Geologist left and not even a PR. They have had a minable resource since 2018 and have done almost nothing since then to de-risk the company to get it closer to production.  The company has done some good things and the government intervention didn't help but most companies immediately produce data showing the viability of a deposit , ore recoveries etc and the company hasn't produced any PR on this since 2019. Mind you they were working on that with Sinomine so they can get a bit of a pass. Surely management is aware that the share price will increase in value when it's main asset is de-risked which moves it closer to production.  They do almost no PR so communicating to shareholders is the least they can do. Also the 20k drill was painfully slow , why? no one knows because they don't feel the need to explain much of anything if you ask me. 
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