Member Info for Big_kahuna

I’m here to speculate, so that’s fine by me.

The money tends to be where the risk is, premium bonds are available for those with less appetite.

My specific speculation is that we will land the odd and have a partner waiting to announce on that news, but it is speculation, otherwise the sp would already be 4-5 pence.

4. Why this is strong (despite limited data)

• Only 30 samples reported, which is less than 10 percent of the full dataset.

• The best hole (DL25-02) still has most intervals pending.

• The two key models (IOCG and Armstrong extension) have both been validated.

• Early assays already contain ore-grade uranium.

This is textbook first-batch strength with the main story still to come.

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5. Next catalysts (material share price movers)

Full assay set (325 samples)

These usually contain the thicker zones, proper continuity mapping, and any higher-grade surprises.

355 SWIR alteration maps

These show alteration patterns and fluid pathways, often revealing where mineralisation thickens.

Petrographic work

Confirms uranium minerals and alteration halos, which are key to proving the deposit model.

Follow-up drilling plan

This is the big one. If POW/Fermi approve a proper step-out programme, it means they believe the system is scalable.

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6. What this means for valuation

IOCG model and big-system potential

These systems can contain large multi-metal deposits (copper, uranium, rare earths, gold). POW’s market cap is tiny relative to this scale.

Armstrong linking

If Drake Lake is confirmed as a continuation of Armstrong, then:

• POW’s ownership of the corridor becomes strategically valuable

• Resource expansion becomes far more likely

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7. Investment take (clear and honest)

Bullish points

• Strong uranium grades (0.33 percent is legitimate).

• Armstrong extension confirmed, which alone is a value driver.

• IOCG indicators present (hematite breccia, sulphides, copper, REEs).

• Only about 7 percent of data reported so far, so upside remains.

• CEO tone is confident without being promotional.

Bear points

• Thickness and continuity still unknown until full assays arrive.

• One high-grade hit does not define a deposit; follow-up is essential.

• Uranium sector carries macro-driven risk.

• IOCG systems can be large but expensive to drill.

My rating based on geology only:

A very encouraging first pass.

It sits in the potentially significant category if follow-up drilling supports scale.

For a microcap, this is a materially positive RNS.

4. Why this is strong (despite limited data)

• Only 30 samples reported →

Continuing

4. Why this is strong (despite limited data)

• Only 30 samples reported →

Hey doc,

Below might be helpful, I’m not in yet just doing my research but may put a toe in next week if all goes well on some other investments.

POW – Drake Lake-Silas Assay Results | What Actually Matters

1. The headline:

POW has delivered proper uranium grades in the first batch of only 30 rush samples.

This is from just 7% of all the samples (325 assays + 355 SWIR still pending).

This is not the full picture — and the CEO is basically signalling that the main data is still to come.

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2. Key wins from this RNS

✅ High-grade uranium hit (Central Target)

• 0.33% U over 2.05 m inside a 6.8 m zone

• That’s meaningful: anything above 0.1% is considered strong in unconformity/structural settings.

• Radiation up to 5,000 cps, which is high.

This is the first real evidence of IOCG-style uranium + copper system on the property.

Copper also elevated up to 0.4% → classic IOCG signature.

⸻

✅ Armstrong deposit extension confirmed (Northeast Target)

• 1,490 ppm U (0.15% U) in DL25-04

• Plus vanadium and zinc — exactly the same metal mix as Armstrong.

Armstrong has a known historic resource:

900,000 lbs U @ 0.041% U3O8

POW has demonstrated it is sitting on the same structure, same alteration, same metal suite — but with better grade peaks.

This increases the likelihood that Armstrong is bigger than historical data, and Drake Lake is part of the same corridor.

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3. The sleeper positive:

DL25-05 hit 24 m of massive sulphides (Zn, Cu, Fe), plus REE anomalies.

Massive sulphides + REE + IOCG alteration =

Large hydrothermal system underneath.

This is how big IOCG districts start (think Olympic Dam).

It’s not uranium in this hole, but it is a system indicator.

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4. Why this is strong (despite limited data)

• Only 30 samples reported →

Hahahahahaha very good stuff, made me laugh my cup of tea out of my nostrils

I think it very unlikely that we get as far as funding before a takeover, I’d view the pending dfs as a sales brochure, the JORC is just going to dictate how flashy that sales brochure is, but it’s going to be printed in American, Japanese and Korean!

Wow to fat buys coming in late, I’m still hoping we can hold the price down for a few more weeks so I can get the cash for final double down on my 10m

Now we sit and wait, I think there is about 10 days to run on the 90 day odd request, no guarantee that a decision will be made by then, but I’d expect we will get a positive decision in November and hopefully partnership news in December.

Expect some ups and downs in till news to shake slippery fingers.

Got another 2.5m @.34

I now give formal permission for this share to run up to 3p

Hopefully will drop a little bit in the morning, I’m planning to double up my holding, don’t tell the MMs

I hope it arrives tomorrow and we start the race upwards otherwise I’m going to be tempted all day to do yet another top up.

Worth clarifying how these things normally work:

• The DFC doesn’t stop BRES from negotiating external funding.

• It simply gives the DFC the option to match or participate if BRES brings forward a financing package.

• In practice, BRES completes the DFS → markets the funding structure → presents terms → the DFC can then elect to join, match or step aside. There’s no requirement for BRES to sit and wait for the DFC before talking to other financiers.

And US government development funds tend to move faster once a project reaches “bankable” DFS stage because they’ve already done the strategic assessment (hence the $5m grant in the first place).

So the presence of the DFC doesn’t delay anything — if anything, it accelerates it.

They’ve already done their due-diligence, they’ve already publicly backed the project, and graphite supply security is a stated US priority.

Yes ODD is pretty much a done deal now, I would expect shortly, yes it will help with partnership discussions, yes the sp has risen on anticipation (sometimes we call this being priced in).

Everyone is still referring to ODD approval as FDA approval, and I suspect many posting resulting price predictions might not even be aware what ODD actual means in terms of benefits.

• Regulatory guidance: Closer interaction with the FDA and a clearer development pathway.

• Lower costs: Reduced fees and potential tax credits help extend the cash runway.

• Credibility: Shows the FDA recognises the unmet need, which helps with funding and partnership conversations.

• Future exclusivity: If the drug later achieves full FDA approval, ODD provides seven years of market exclusivity in the US for that indication.

Thanks BofW, great post and interesting read.

Congratulations to you and to the good people of Watford for your baron-hood, well earned I’m sure!

Glad the rns didn’t arrive today for JORC, been a nightmare to get online all morning in London, would have missed all the fun.

Will be interesting to see the late reported trades drop in at close, should be some big boy buys in there.

This is the quiet hour before the storm breaks, the sea flat as hammered iron and the wind holding its breath somewhere out of sight. You use this moment wisely: tie the rigging until it sings, tar your hands for the trials ahead, check the mast, the ropes, the sailcloth — everything that stands between you and the wrath rolling over the horizon

Just sold some dogs and nibbled another 300k