Power Metal Resources Share Discussion Threads

[iceagefarmer] 08/9/2023 16:57

paul johnson deserves abit of luck here...helium is a very rare and vital gas and i think the big boys will be watching closely how it goes but this is more than a one trick pony..easily be a 10 bagger

[iceagefarmer] 08/9/2023 16:47

late 2,000,000 buy...monday should be interesting

[kemche] 08/9/2023 15:26

Once the US market is open then expect some serious whoosh here!

GLA LTHers!

[teaboy100] 08/9/2023 14:36

Is America awake yet, the share price will take off when they are.

[kemche] 08/9/2023 13:25

This could be huuge! Just like that other company that went up 396,000%. EXACTLY like that.

[whoppy] 08/9/2023 12:00

Requires huge amounts of finance if ever there is Helium in commercial quantities. Nothing immediate happening that can provide a revenue. Just dilution, as with all mining exploration companies.

[kemche] 08/9/2023 11:52

iaf, what are your highly placed sources saying?

[iceagefarmer] 08/9/2023 10:35

paul johnson loving it on twitter...many followers piling in no doubt

paul johnson reposted
Power Metal Resources
@PowerMetRes
.
@PowerMetRes
CEO
@seanwade1970
commenting on today's highly significant helium anomaly discovered on the Perch River Uranium Project:

📃 Full announcement: [...]

“It is very exciting to be able to deliver this news to shareholders. As we have previously reported, this season’s wider uranium fieldwork remains ongoing and further updates will be provided in due course.

“However, the indications we have had from Perch River could be hugely significant and warranted immediate release.

“Whilst it is always important to manage expectations, it is fair to say that the discovery of such a strong anomaly has far exceeded our expectations and sets the scene for what we hope to be a strong schedule of newsflow from our uranium portfolio overall.”

[soulsauce] 08/9/2023 10:11

Still a lot of overhang to chew through.

[iceagefarmer] 08/9/2023 09:46

city boys on advfn too thick to realise the significance..but maestro can

[iceagefarmer] 08/9/2023 09:45

YANKS WILL PLIE IN WHEN THEIR MARKET OPENS...you dont get a mega helium discovery like this very often..and in canada..beautiful!

[soulsauce] 08/9/2023 08:26

Yes indeed Noirua, very interesting.

[snowy20] 08/9/2023 08:16

Early days yet ,looks positive .

[noirua] 08/9/2023 07:55

The Helium anomaly at Perch River might well mean something as far as many of us who follow AIM: HE1 Helium One has experience of. The world is short of Helium. It is usually at great depth and needs a lot of work done before drilling takes place. Helium One has not had great success but that could be different for Power. Very interesting.

[noirua] 07/9/2023 09:04

Explorers suffer from one major factor and that is they have no product to sell only one of their interests. Obviously, you might say but during boom times drilling and finding good percentages of copper, gold, etc., is enough to push up the share price or even buy a tenement.
Precisely where Power stands now with nothing to sell except quoted shares that have nothing to sell themselves. A bit like having a shop that is always expecting delivery of items but has nothing to sell except the furniture and fittings.
Somehow waiting and waiting whilst cash goes down and down is itself a risk and shareholders pass by with only Rick Rule, Paul Johnson, and Co. willing to sit it out whether it's 1 year or 10 years.

[noirua] 07/9/2023 00:01

Uranium prices would have risen higher but for the fact President Putin is in a must-not-lose situation. Fear is a short-range nuclear weapon will be used. Russia has far more than the West.

[noirua] 05/9/2023 18:49

The share prices of GMET, FCM, and KAV are very important to Power Metal as they represent a cashable market quote. So we will have to wait and see if an OTCQB quote also does any sort of trick. It might though trading can be very poor unless someone puts a slide-Rule over it.
The Uranium price is still only good for producers and needs to hit $80 per lb for explorers IMHO - presently $58.50.

[algernon2] 05/9/2023 18:07

"The Company is also pleased to announce that a form 211 has been cleared with the U.S. broker dealer regulator Finra with a view of joining the OTCQB venture market. Full trading on the OTCQB is expected to commence in the coming weeks, allowing U.S. based investors to more easily invest in the Company going forward."

The above is from Golden Metal announced Today but POW probably won't be far behind?!

[noirua] 31/8/2023 09:20

Whether Red Rock or Power Metal shareholders will remember lackluster drilling results at Berringa. Phase Two drilling should be underway by now after earlier enthusiasm and hopes for a NBGC IPO.

Red Rock Resources JV acquires historic Berringa gold mine
Published: 06 Jul 2022

EL5535 is a 288-hectare exploration licence with historical production of 293,250 ounces of gold from 1898-1952 at an average grade of 8.3g/t.

Discussions are underway with with the vendor regarding the possibility of processing ore at their nearby Ballarat gold mine should NBGC discover and develop an economic deposit.

Red Rock Chairman Andrew Bell said: "Having recently announced the grant of a licence covering the old Ajax Mine, which by the 1920s had recorded production of 312,789 ounces at 14.8 g/t, the acquisition of Berringa now means that RRAL has two of the largest historic gold producers of Victoria.

[bradshaw980] 31/8/2023 07:15

So they're doing soil samples LoL good luck here lads

[soulsauce] 30/8/2023 13:59

Agree Noirua 👏👏