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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 12, 2024 7:56pm
161 Views
Post# 36221423

Winsome talking about Case Lake

Winsome talking about Case Lake The fact that Winsome is talking about Case Lake supports the idea that PWM could become the value driver for Winsome in the medium term. With an estimate of production within 18 months I am sure Winsome would love to partake in the cashflow which would allow them to self-fund the Adina Project. If you go back a year ago I suggested that this was indeed Winsome's plan to fast track Case Lake into production. A tidy deposit near surface in a tier one jurisdiction with three different minerals with exceptional access off a highway, rail nearby, cell phone service, power and of course very high grade. Back then I posted that I had a conversation with a Winsome IRR person who did not want to say too much but at the end of the call he slipped and noted that Stephen Biggins loved Case Lake. On another video Evans and Biggins suggested that Case Lake could very well become another Moblan which is a district scale resource. I can't help but think that with all the interest from multiple parties will lead to a deal before the year is out. The more Case Lake is derisked the more expensive it will become. Biggins is the mine builder and there is little doubt that he has done a back of the envelope PEA. If I am right and a deal is done before the MRE it would establish the value proposition for PWM and would quickly rerate the share price. Only time will tell.https://x.com/WinsomeRes/status/1833986548351860995
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