Power Metal Share Price (POW)

Why is POW worth less than the sum of the parts, could it be the conglomeration model went out of fashion in the 80s for good reason. According to POW's business model they count an IPO as crystallisation of shareholder value when it is nothing of the sort. I'd also caution against applying any value for Molopo, Haneti & Tati because they found diddly squat so far. The only thing to drive the share price will be commercial discoveries, GMET & FCM should come good .

Very informative reply as usual Tray. What do think we need to happen to put us back to where we were last years sp? Which in current shares is around 30.00

Any SP appreciation is good news for POW holders, even if the market doesn't say so in the POW SP initially.

POW market cap today = £14.6mil

GMET Holding (including warrants in the money) = £8.2mil

FCM Holding (now temporarily suspended so less liquid) = £0.5mil

UEE pre-IPO valuation = £1.5mil

FDR pre-IPO valuation = £2.6mil

VALUATION OF JUST THE ABOVE = £12.8mil

The market now values the following at just £1.8mil:

- Cash in the bank (probably £500k-750k)

- Molopo – Conductor hit at depth, assays to follow in the coming months

- Tati – Near surface gold found to date with opportunities for tailings processing for future revenue.

- 75% stake in GSAe - Future revenue stream (GSAe posted a 6 month profit for the period ended 31/12/2023 of just under £200k). So that £400k profit per annum before anything ramps up worth £300k (75%) to POW.

- Saudi IPO & future Saudi deals which Sean has stated are near. Sean also stated in the Proactive event a few weeks ago "the Saudi IPO will be POW's biggest to date"

- UEE IPO / U asset deals which are surely going to worth more than the UEE pre-IPO valuation of circa £1.5mil otherwise Sean wouldn’t have bothered listening to 3rd parties as announced last month.

- NBGC disposal worth up to £1.5mil as announced last month and £250k initially in cash.

- ION Battery Resources future IPO (contains POW's early stage Lithium assets)

- New Horizon Metals - future Aussie IPO which POW hold 20% of at present

- Silver Peaks (30% minority stake)

- Haneti (35% minority stake with partners Katoro Gold)

- Any upside from GMET as they move into a key Pilot Mountain drilling campaign with DoD funding possibly around the corner

What a strange strange market we are currently in!

Great news for gmet shareholders, when is this going to have an impact on our sp though. Today we are down again :-/

We do have news from our largest investment.

RNS from GMET this morning:

“ Pilot Mountain - Porphyry Target Confirmed

Geophysical Results Highlight Strong Magnetic High Anomaly Confirming Porphyry Potential

Golden Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic development and mineral exploration company focused in Nevada, USA, is pleased to announce an exploration update at the Company's 100% owned flagship Pilot Mountain Project ("Pilot Mountain" or the "Project") located within the prolific Walker Lake Mineral Belt in Nevada, USA.

During the planned upcoming drilling campaign, the Company will be testing the 'Porphyry South' target with at least one drillhole.

Oliver Friesen, CEO of Golden Metal, commented:

"When we first conducted the Pilot Mountain Project due diligence, prior to acquiring it in August 2021, we were drawn to the possibility of finding a porphyry system which could be causative of the strong skarn-type mineralisation mapped at surface.

"The new magnetic geophysics results are highly encouraging, bolstering the findings of our previous IP survey over the Project's Porphyry South area. The juxtaposition of the magnetic and IP survey anomalies strongly support the need to drill test this promising porphyry style target.

"As we move quickly towards the start of the Pilot Mountain drilling programme, the 3D inversion modelling results will assist us in refining the strike and dip of the planned 'Porphyry South' drillhole for maximum impact.

"We very much look forward to finally drill testing this exciting target, which is just one of many others on our 100% owned flagship asset."