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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 Aug 24, 2023 12:34am
163 Views
Post# 35603151

Some worried about takeover!

Some worried about takeover!Winsomes interest is not to take over another exploration project but their interest is in developing a mine. I am not in the least worried that Winsome would takeover PWM until they were absolutely ready to make a production decision on Case Lake. Moving Case Lake into production would provide Winsome with a more timely road to cash flow that would support their huge projects in Quebec. Don't forget they have the development experience whereas JM does not. The last thing Winsome needs is more exploration projects. Biens, Gerry and JM will now begin the process of proving Case Lake does have a mineable resource that is defined with an MRE. Winsome do want to put themselves in a position of strength pre takeover to insure once a resource is established they will be the obvious suitor and developer. IMO JM is playing his cards right! He has as Brineboys noted put Winsome into a pot committed position. Lastly I have to say the greatest gains in Market Cap are earned with the Drill Bit in the Discovery Stage and that is exactly the stage we are about to enter. With 15,000 meters of drilling to start soon every hole has the potential to drive the market cap much higher than it is today! Just my opinion!
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