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[checkmate28]

Gowest Gold GWA.v Update: Since I posted this at Stockhouse, I just did a copy and paste here. Link below

Check out this investor presentation from the Timmins Investor Day webcast on April, 9th. (link provided below) After I heard this, it took about 4 days and 4 times listening to get the full weight of what there saying. At 2:57 they start talking about the Hoyle deep project. Part of this project is a rich refractory sulfide zone (PVZ plunge 3:03 ) that would need an autoclave for processing ( at 3:03:55) Goldcorp talks about needing an autoclave operation to process the rich sulfide. They believe they would need about 3 million oz to justify building the autoclave. IMO 3 million oz would be a stretch and take considerable time and money to prove up from their PVZ zone. What if they had some help? Final drill results should be out Q1 in this area, and will offer information they need to make any decisions.

During those 5 minutes, they show a PVZ plunge presentation slide, where you can see they are studying contract processing the sulfide (like Gowest ) vs in house processing.


Goldcorp would have to prove 3 Million oz to justify the autoclave needed for the in house process option. Thats a lot to ask for and would carry a good degree of risk.

I'm going to start a rumor.
1) What if Goldcorp JV'D with Gowest to build as autoclave, sharing the cost and production capacity with Goldcorp?
2) What if Goldcorp got greedy and thought they needed more ore to justify there project and reduce the risk, Where could they get that?
3) Gowest has a 1.5 million oz high grade resource that is nearly permitted and ready to break ground 20 km away from the Goldcorp sulfide deposit.
4) Gowests 1.5 million oz resource is only the beginning. Gowest has 17 other targets, some partially delineated and the Frankfield Resource sits on about 1% of their total land package.
5) These are some of Goldcorps highest level mgt publicly talking about building an autoclave in Timmins. Think these chiefs, thought about the fact that (Gowest Gold) sits nearly next door with its 1.5m oz high grade refractory ore ready to go? or that the Gowest market cap is under $12M
6) Gowests Prefeasibility study is due out any day. Think Goldcorp mgt is waiting to see this as well? Gowest PEA study showed a 50% IRR at $1200 gold, a 60 mill CAPEX and pretax CF $28mil/yr.
7) If the Prefease looks good, and permits start coming in, Gowest becomes a wrapped up package that could help Goldcorp to push this plan through. That would save Goldcorp about 2 years of hard work and get Cash flow pumping while they finish drilling and permitting their PVZ zone.

http://www.platformwebcast.com/goldcorpinvestor2015/index2.html

From my seat, things are shaping up real fast for Gowest whichever way they go. The above scenario could easily happen, and remember Goldcorp just acquired another neighbor, Probe Mines in March for $500 Million. Probe has no production and not even close. What they have, is a similar size property to Gowest that has much more mature drilling than Gowest has been able to accomplish. Im not saying I think this will happen, but Im sure Goldcorp is waiting to see the prefease and the permits and could find it a valuable option to go after Gowest.
If they acquired Gowest for even half that amount at $250 Mil, even 1 year down the road, that would be a 20 bagger from the current market cap.
The markets going to see what I've been here saying for 3 years. Because of the quality of the Gowest property and mgt, Gowest is going to move forward one way or another and create big value. The market cap tells me no one believes this.

http://www.stockhouse.com/companies/bullboard/gwsaf/gowest-gold-ltd?postid=23654652

http://www.gowestgold.com/wp/wp-content/uploads/2014/10/Corporate-Presentation.pdf

Checkmate28
JMHO GLTA