Trader Re GWA.V Gowest. As you probably know, Gowest recently had their mine closure plan filed by the ministry including the assurance $ escrowed plus completed the successful prefeasibility study, showing they can produce 40k oz per year with AISC 0f $891 at $1200 gold for an initial CAPEX of only $21 Million. All the other permits should flow in like domino's next 30 -90 days. They needed those filed to secure financing for the bulk sample and process agreements that will come next.
So we wait for either the finance agreement or it wouldn't surprise me to see a JV or another whole new surprise. I would welcome a JV with a cash flowing company such as the neighbor Lakeshore buying in.
Lot of items still up in the air, but in my mind you can count on these 2 things. The quality of the resource will pull in a fair financing deal and this mgt, being large share holders themselves, will get the best deal possible for share holders. Also the pre feas was based on the small proven and probable that GWA has and theirfore only supports 40k per year in the study but there are 2 million high grade oz at Frankfield alone that will change the dynamics once they are underground cash flowing. That 2 million oz sits on just 1% of their property that has 17 other targets some partially delineated all in Timmins Onterio who produced nearly 25% of all past Canadian production. In the past, there property was unable to be explored due to the overburden on top of the rock. Recent geophysic tech has provided access to the targets that previously could not be found.
I think their still to small and considered to risky to be on most radars. Through my eyes, I see very low risk and high reward at this Market cap OF $13MIL. Insitu gold is valued well below $10/ounce. They will produce profitably with a minuscule CAPEX.
Checkmate28
