GBC AG reiterates Buy on Power Metallic Mines, sets price target at EUR 1.86

• GBC AG reiterated a Buy rating on Power Metallic Mines, setting a target price of EUR 1.86 for Dec. 31, 2027.
• The report highlighted Lion’s initial mineral resource estimate of 4,145,000 tonnes indicated at 3.86% CuEq.
• It also cited 601,000 tonnes inferred at 4.01% CuEq, totaling about 406 million pounds of copper equivalent.
• GBC raised its valuation approach for Lion and Tiger to CAD 660 million from CAD 570 million.
• The analysts pointed to deep drilling that suggests mineralization continues below the current resource model, supporting potential resource growth.

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