Categories: Base Metals
Topics: General Base Metals

Power Nickel (TSX-V: PNPN)(OTC: PNPNF) CEO Terry Lynch on Hitting High Grade Copper on Large Step Outs

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Power Nickel, the well-traveled, Mr. Terry Lynch. Terry, congrats are in order again. I said, well-traveled because you've been all over the place. I know you're on the road, so thank you for taking time. You just hit 19.6 meters of 3.82% copper equivalent at the Lion Zone. You're now getting to the point where the system's starting to be more predictable. You're also getting to the point, and this excites me, where the step outs are starting to be more aggressive. How are you feeling about what you're seeing thus far?

Terry Lynch: Yeah, I mean it's getting better and better is really what we're feeling. Is that we're understanding it more, what makes it tick, and now we're starting to step out like 150 meters with confidence. And I think you're starting to see this thing grow in size in front of your eyes. Just so that the audience gets a sense of what 150 meters step out means in practical terms is that one of our last goals was 32 meters of almost 7% ... 6.97%. So if you get another hole like that 150 meters out there, that's like $350 million of value in the ground for $50,000.

Gerardo Del Real: Yeah.

Terry Lynch: That's just a wild number, right? It's conceptual, but that's what analysts will be able to speak to when we deliver the goods on that type of stuff. This is truly an epic discovery, I believe. We obviously have to keep on demonstrating it, but we've put out a lot of great holes. This is not like a one-hit wonder. This is like 15, 20 great holes. It's truly an interesting and exciting mineralized area.

Gerardo Del Real: Well, not only are you putting out great holes, but you've brought in some great people to really advance what's an evolving and emerging deposit here. I can't help but notice the frequency of your travels. And we talked a bit off-air. What kind of reception are you getting when you're putting the project up in front of people?

Terry Lynch: Yeah, it's getting to be exciting. Before, we weren't getting in the door, the nickel thing wasn't doing it for them. But now we're seeing all the big guys in the space and they now know my name. And more importantly, they respect Nisk for possibly being like a Voisey's Bay, Norilsk.

This could be truly a momentous discovery. So they're excited about that. Obviously, they want to see some more drilling and whatnot, but we're almost on the edge of getting these guys in and I think that's probably the next move for the stock will be when the big boys come in with both guns blazing. And we certainly have had lots of industry interest and, of course, they know we don't need cash and we're fully funded here for the next 12, 15 months, so we're good. And we've got such an ability to grow the resource. I think analysts were saying now 10,000 meters of drilling ... somewhere near 5 million tonnes of 7% copper equivalent. So we're drilling 30,000 meters now. We're about a month into that. So where does that put us at the end of that program? Would we be able to get to 15,000 or 20,000 tonnes of copper equivalent? Certainly conceivable. I believe we will.

And the interesting thing that I learned, that we learned through Steve Beresford, Dr. Beresford, who came on as our advisor and board member because he's like the genius in polymetallics is that for every tonne of copper equivalent that you find in these ortho-magnetic discoveries, history would show you on other ones that are existing, they range between two to seven tonnes of nickel sulfides underneath there. Because these things happen with them. A nickel sulfide oven produces the copper sulfides at the top. So it's like if you find 15 or 20 copper, and that's not to say that's the end of it, but what would that mean for your nickel discovery? It's going to be massive as well. This is what I'm trying to get communicate to people to say, hey, you're looking for, as an investor, an asymmetric opportunity where you're buying it for cheap, which is like we're super cheap right now, but still got the opportunity to grow really, really big. And that's the thing here.

And that's why we're getting interest, because it's still, as you know, a bloody tough market. Still tough. So you have to be such a crazy good deal to get people to buy stocks today.

Gerardo Del Real: Well, I think the numbers speak for themselves. I think the grades speak for themselves. I suspect that as you develop and demonstrate more scale, you're going to have a whole heck of a lot more interest, especially at these price levels. You and I have had these conversations now for a couple of years and we were talking about you getting more interest at $0.15 and then it was $0.30 and then it was $0.50, and now it seems like you have this wall at $0.75, $0.80, a share. And I got to suspect that once you knock that down, you're probably trading in dollars and not cents here in early 2025. Anything to add to that Terry?

Terry Lynch: No, I think that's my take as well. I think it's a matter of when not if, so it's going to happen and we just think putting out the great results, look for some more ... We've been producing results every three or four weeks and sometimes if there's a great quarter release there we'll get that out too. So I think it's been an amazing year for Power Nickel and for the Lion Zone and I think the best is yet to come.

Gerardo Del Real: Good stuff, Terry. Safe travels. Thanks as always.

Terry Lynch: Thanks. Have a great day. Cheers.

Gerardo Del Real: Cheers.

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