Time for a Nevada Sunrise for Power Metal Resources?
“…The value drivers are threefold for Power Metal resources. District scale, larger strategic footprints, and high value specific interests…”
The chief executive of Power Metal Resources knows that the company would not exist if it wasn’t for the support of private investors, and he has an almost tunnel vision, narrow minded focus on making significant returns for his shareholders.
Investment vehicles, dividend in specie, listings, spin outs and multiple capital market avenues aren’t the pontifications of boss Paul Johnson. They are planned and poised for execution.
He likes three project portfolios. In June, the company has acquired a trio of gold-copper projects in Nevada. First there was the option over the Golconda Summit Gold Property, followed by the Garfield Gold-Copper Project and the Stonewall Gold Project bought from Sunrise Resources.
Then there’s the IPO of up to three holding company interests this year. First Equity’s Jason Robertson reckons RRAL aka Red Rock Australasia will be the first with a listing on a Canadian capital market to showcase what Johnson says is “one of the best packages in Victoria.”
Johnson is bubbling with excitement about the Molopo Farms Complex project in Botswana. The nickel discovered there was a miracle, unexpected find and there’s great expectations, including Johnson’s own, that the company may be edging closer to its first major metal discovery there.
As Paul explains to Sarah Lowther, Power Metal Resources has cracked the template for generating its own wealth and wants to be a tax paying entity.
Read the company’s latest corporate presentation
Watch Paul talk to Proactive’s Andrew Scott about the option to acquire up to 100% of the Golconda Summit Gold property in central Nevada
Follow the company on Twitter @PowerMetRes
The author was remunerated but does not hold shares in the company
