TSXV:PWM - Post Discussion
Post by
trader53 on Sep 12, 2024 7:56pm
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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