Power Metallic Mines Inc.
Transforms into a Polymetallic Play, Attracting Robert Friedland & Rob McEwen
Published: 9/5/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:PNPN.V - NEO 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0 |
| Fair Value | CAD $1.17 |
| Risk | 5 |
| 52 Week Range | CAD $0.19-0.92 |
| Shares O/S (M) | 191 |
| Market Cap. (M) | CAD $222 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 6.3 |
Already a subscriber?
Want to know the fair value of the stock?
Subscribe for free to get exclusive insights and data.
Report Highlights
- Since our previous report in January 2024, PNPN is up 170% driven by the discovery of a new high-grade polymetallic zone (“Lion”) on its high-grade nickel-copper-PGM-gold-silver Nisk project in Quebec.
- Strengthened balance sheet through a $20M equity financing from industry titans such as Robert Friedland, Rob McEwen, and institutional investors.
- Two primary zones of mineralization have been confirmed to date – the nickel-rich Nisk Main deposit, and the polymetallic/PGE-rich Lion zone (5.5 km apart).
- The Lion zone
