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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 Sep 03, 2024 11:46pm
361 Views
Post# 36207409

The lithium bear case!

The lithium bear case!In every bear market the stocks that hold up the best are usually the stocks that move first when the bear ends. Year to date we are down 1.92% and in my world I would say that PWM is holding up very well when comparing it to multiple Lithium explorers and producers. Having said that no one knows how long this bear will last? Will it be like late 2018 through early 2021 or could it last longer? There is little question that the market is treating PWM as a lithium explorer without a defined resource. I am hoping that after this next drill program that PWM will deliver its first MRE with specific grades of cesium, tantalum and lithium. This MRE will enable the number crunchers to put a value on a Case Lake Resource which I believe will force a revaluation of the stock price. Lets hope we can get an MRE sometime in the fourth quarter. Rock Stocks mentioned in their last video that they are doing research on Case Lake and the significance of their Cesium find. These guys have a huge following and if their DD is positive their reach could well bring investor interest from Australia. Either way patience will be the key here and my belief that Case Lake is very special has not diminished one bit.
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