Power Metals Corp V.PWM

Posted on CEO.CA

[trader53]

@Brineboys Is the Project accessible?- can drive right up to the property near roads and power lines (may need to spend up to 2 million to connect to the closest hydro-line.) Does the project have a bigger player supporting the company to get to development?-Winsome Resources. Does the project have ownership stakes from major players in the space?-Waratah, Winsome Resources. Does the project have a royalty agreement?-Lithium Royalty Corp. Is the project amenable to low capex DMS?- Very Coarse Grained Spodumene. Does the project have low Iron levels to support DMS?-pale green to white spodumene. Does the project have a high grade to support DMS?- 1.56pct Li20 based on 2018 drilling according to Ubika research. Is the project open pit or underground? -Open pit. Is the deposit near surface? mineralization is within 100m of surface and the bulk of mineralization is within 60 meters of surface. Is the company well funded?-10 million in the bank. Does it have a mineralized deposit already? 15k meters in drilling completed. Is there any Aboriginal resistance to mining in the area? No, near Kirkland lake mining district and Timmins. Is the government supportive of lithium extraction? Operates in Ontario, YES. Does the project have the scale and size to support a mid to large sized spodumene operation of 15 years and 175-200k per annum spodumene. NO. The last and major piece is absent right now. Otherwise it is a unicorn type of project with almost zero flaws.