Carlisle Alamos Gowest
Just like I see GORO and RIC as being two strong high value companys with near equal value, and near term growth potential. I would buy either on a down day. I always compared Carlisle and Gowest the same way. They are both high value explorer/developers that I thought would be the next producers in the Abitibi Onterio region. Carlisle was always out front 6mths time wise. I watched what progress and news did to the CGJ share price.
Gowest is a company that could get taken out at a large premium or have a huge increase in share price. All they need is a share holder friendly $10M financing, to make their cash flowing production reality. This wuld fund the bulk sample that will set in motion, a path to the production specified in the pre feas. Once in production, they would be cash flowing $10 million yearly on just 40k ounces per year at $1200 gold with a mid $800 AISC. This would path a short way to 100,000 yearly production, as the pre feas is based only on proven reserves and not the 1.5 Million high grade ounces in the resource. Gowests resource sits on only 1% of their total land package that I believe will be home to one of the best new gold camps in the Timmins area. Bottom line here, is another 6 - 12 months and Gowest should be a story. The risk here is that they dont get a fair $10 million finance deal. My guess is they will come up with something creative with one of their processing partners or the Chinese Future Fortune company that has been plugging in millions along the way. Shoot, there has to be private investors living in Timmins that could fund that amount. They could use the bulk sample proceeds as collateral.
As to the Carlisle Alamos deal - +100% premium to the 30 day weighted volume average speaks of how low these companys are trading. CGJ Currently trading at a fair .62, being about the offering price of .0942 x AGI shares that are trading at $6.15. You get the 3 year warrants as a premium for free.
