Post by
trader53 on Apr 02, 2024 9:43pm
Patience will be the key!
As excited as I am the real money will be made when Case Lake delivers the goods. Give us a 20,000,000-ton MRE on the Main and or a Cesium corridor and PWM will literally rerate overnight. Looking forward to the next update which I suspect we will get in the next couple of weeks just like the timing of releases in 2017 & 2018 and then the first assays near the end of April. Patience will be the key. My guess is by Sept. shareholders will look back in disbelief that they could have bought a share for a pair of quarters. Should be an exciting year from here going forward!
Comment by
remucker on Apr 02, 2024 9:51pm
it won,t be long and it will be hard to resist the urge to take some profits .
Comment by
Seizeium on Apr 03, 2024 5:20am
Just a reminder that Winsome has 100% offtake rights to PWM LCT that can have a positive or negative impact on valuation depending on the details of their agreement ie. offtake pricing, etc
Comment by
VeritasVern on Apr 03, 2024 11:35am
Not sure why PWM would litterally agree to a 100% offtake rights to thier minerals. What advantage does that give to PWM, who pays for the extraction costs etc. And as you said there is lack of details regarding agreement. The market is selling off today, taking profit based on lack of details IMO. I think PWM needs to clarify this.
Comment by
Chiefmombo on Apr 03, 2024 11:39am
I wonder if winsome is doing the selling today to try and fund this diamond mine?
Comment by
frewil11 on Apr 03, 2024 11:51am
With the offtake agreement , Power Metals gets 95% of the sales and Winsome receives 5% , this is what people are getting confused with and their is also a clause that Power Metals got put in where if an offer comes from another company to buy Case Lake they can pay 8 million and take the full offtake back.
Comment by
VeritasVern on Apr 03, 2024 1:02pm
I think Power Metals needs to put something out to clarify. The market is spooked and selling off.