RE:RE:Power Metallic?????Green Bridge Metals is very early in exploration. They have not defined anything high grade. MN is NOT Quebec in terms of jurisiction. GRBM has little capital. MN has proven copper nickel deposits north of the South Contact Zone and sevral big international mining companies with huge capital have not been able to progress to a mine in more than 50 years, mostly because of environmental issues and proximetry to the Boundary Waters National park and adjacent Quetico Provincial Part on Ontario. Power nickel is in Quebec, has polymetallic Lion zone with 10,000 meter of drill cores, mind boggling grades (crown jewel) , ii in midst of additional 22,500 meter fully funded drill program to better define the polymetallic resource. They have defined about 5 MT of polymetallic resource, have sight line to 9 MT (and maybe 50-90 MT if all goes well).
Plus they have Nisk main nickel sulfide asset 5 km away that has 8.5 MT of proven high grade nickel and a 7,500 meter currently funded drilling program to expand that resource and see how whether Nisk main is actually connected to Lion as part of a wider system that may include other high grade shoots.(more jewels I guess).
Terry Lynch has said he could likely have converstaions playing a round of golf and sell PN for three times current market cap. As an aside the recent spin off of unrelated assets in BC and Chile wuld make that cleaner. But as Terry Lynch said, "why would you?" He also mentioned that a 2 billion dollar offer would be a different discussion. It is clear to me that GRBM is not the same type of assymetric opportunity where possible reward is much greater than risk because the metal grades are crazy, where the resources they have already proven are worth several times current market cap, and PN is also well funded through this major 30,000 meter drilling program (combiined between Lion polymetallic and Nisk main nickel) which may greatly expand thaose resources. Just my take on it.