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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 11:36am
179 Views
Post# 35603816

Win/Win Deal!

Win/Win Deal!IMO Winsome will not takeover PWM until they see a clear path to production with a detailed MRE. On the Lassonde curve it is clear that the most volatility and market cap expansion comes from the initial discovery exploration phase. We are entering that phase as we speak. Owning 20% of PWM along with another 5% available from warrants gives Winsome the benefit of a great deal on a takeover as they only need to pay for an additional 75% of the shares. So whether they take it over at $1.50 or $2.00 makes no difference to them. What JM and PWM got is an off ramp without worrying about taking Case Lake into production or raising the Capex. To me its a win win. Shareholders will get all the upside to this exploration program which if successful could drive the market cap into far above value territory which is often the case. Every hole will have the potential to put Case Lake on the world stage.
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