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DNI Lineup http://thecse.com/en/listings/mining/dni-metals-inc
The 500k offered from TD was at .065 earlier today. I think .065CA (.0501 for DMNKF) would get it done. They just got back from property. Things are buzzing. Lot of news on the way. Steady material going to the lab. Steady results on their way. The company doing the Resource Report was visiting the property. Going to be a world class graphite resource with a sector leading low CAPEX and OPEX and we should see that in print this year IMO!
Working on a QX listing also .
SPARTEX LMAO I think your running scared. Second I think you have something to do with NEXT other than a share holder. As any alert share holder, privy to the real information brought up on these discussion boards, would have to realise something is SERIOUSLY wrong at NEXT.
DNI as it stands has been in the graphite business for about 2 years. Current CEO Dan Weir has been there for the same time. You are correct in your statement,
DNI has not yet established mineral resources or mineral reserves supported by a PEA or mining study (PFS or FS)
The best part about investing is making money! I think you would agree.
Like Luke already mentioned. Were up over here because our company is moving forward in a fast way and still trades at just over $3M Market cap or 10% of NEXT market cap. Next has a resource and Pre Feas, but is obviously being blocked from getting permits, otherwise they would have them. DNI got the whole permitting process done in about 60 days
All NEXT can do, is talk about getting permitted, talk about processing facilities, talk about producing graphite, rename their company, put out fluff PR's with fancy names for their graphite, but positively without those permits, they will not be taking steps forward to produce graphite until they get those permits. Bottom line is its all talk.
Here's hows it going to go down. In a few short months DNI is going to put up a world class resource and a PEA study. Then they will make a plan for a production facility and because they are permitted and have a paved road to a port, they will get it financed and in operation. DNI shareholders will make money and your company's share holders will get a reverse split and get diluted down some more.
Now show me a PE commercial Mining Permit and I will agree with a lot of what you are saying. Until then your campany is full of BS.
Checkmate28
Anybody else notice the barrage of information coming out last couple weeks on EV battery materials Cobalt Lithium and Graphite? Elon Musk, Robert Friedland, Bob Moriarty, James Dines, Northern Miner. Lithium and Cobalt have already moved. Graphite is lagging. There is more graphite weight and cost in an EV battery than either LI or Cobalt. Only 10% of the produced graphite has the quality to be upgradeable to EV autos. There is a coming shortage.
DNI.CA DMNKF DNI Metals alert! 600k shares available at .065 or less. With everything coming in the next couple months, these would be a bargain. Somebody grab these and thank me soon. Trust me I have enough or Id of taken them in an instant. I want to high five somebody next month.
Bob Moriarty Interviewed (JULY 2)talks about coming battery explosion at 20 minute plus DNI Metals all between 20 and 24 minute mark. He bought DNI on the open market and the PP.
rrten Good idea will do. I talked DW into contacting B Moriarty as I knew Bob would get it, plus Ive seen him write up graphite before. Bob was a good score for DNI but Dines carries even more weight.
Maybe we need LM to write up that sales pitch LOL!
BTW guys, they are meeting the guy/company doing the resource report at the property plus getting some equipment business taken care of.
rrten Those guys over at NEXT are either clueless, or they are insiders masquerading as invertors. I read this Dines piece this morning and have been thinking all day. Im pushing DW to contact Dines and to tell him he needs to hear the DNI story. DNI needs a big name behind it to have a chance at getting off the ground before the PEA is completed. Right now the company is too small to be taken serious.
Ive been tired of hearing about Lithium and now cobalt. Since they are rarer and more expensive, they get the attention. Nice Dines showed the value of graphite relative to the other materials. You can also see that with the Tesla battery is 20% natural graphite and 80% synthetic. With synthetic being less money, cleaner and more energy dense, we can see the potential catalysts lining up.
At present the average dollar value of graphite in a Tesla 85Kw battery pack is around US$1,250 (50kg) broken down into $1,200 synthetic (40kg) and $50 natural (10kg) graphite. The cost of synthetic graphite is about $30k per ton. Natural graphite's cost is closer to $10k per ton. The ability to reduce the raw-material cost in a Tesla battery pack is perhaps $500 per vehicle. It might not seem like a big savings, but when considering the almost 50-million new vehicles a year at a targeted 20% EV uptake, it equates to around $5 billion. Also noteworthy is that the same Tesla battery pack has $66 of lithium, $851 of cobalt and $146 of nickel (NMC Battery).
Additional to that are these quotes talking about another company
It is doubtful any other graphite company has this large amount of graphite concentrate material available to produce large numbers of large format-test cells. A junior miner, with only small amounts of drill-core samples, or a modest bulk sample, would not have enough material to demonstrate its graphite ability for cell manufacturers to trust.
Modest capital would be required to add on high-purity processing capabilities. We are not aware of any other graphite company to have this capacity
DNI has the ability to come out of nowhere and make this happen along side its business partner Great Lakes Graphite.
Keep up the good work Luke. Im here every day. To bad we couldnt numbers of the growing traffic here.
DNI.CA DMNKF DNI Metals alert! 1.5 million shares available at .07 or less. With everything coming in the next few months, these would be a bargain.
Just out today:
DNI Metals - Vohitsara Project Infrastructure and Drilling Updates
Juice, You dont think a mining permit would help their cause? Everything they do is one step and part of their quest to mine Graphite. The elusive permit stands in their way.
Filing for the permit is not a big investment which brings up another subject. Why would Energizer raise money if it wasn't important? better yet what did they spend the money on?
April 11, 2016 07:00 ET
Energizer Resources Raises Capital for Molo Permitting
TORONTO, ONTARIO--(Marketwired - April 11, 2016) - Energizer Resources Inc. (TSX:EGZ)(OTCQB:ENZR)(WKN:A1CXW3) ("Energizer" or the "Company") announces it has closed a non-brokered private placement offering (the "Offering") for gross proceeds of CDN$224,550. Insider participation consisted of CDN$195,150 of the Offering. The net proceeds of the Offering will be used to fund the permitting fees associated with the Company's Molo graphite project in Madagascar.
The Company has issued 3,207,857 units (the "Units") at a price of CDN$0.07 per Unit,
Good luck to you Spartex. Since Im invested in Madagascar, I like to follow the competition. If I see Hypsters or the company misleading innocent folks, I might have to share my opinions and some facts. I wish someone would've smacked me a little harder a little sooner. Thing is, I think the company withheld relevant information, that would have caused myself and others to act differently with their investment here.
Now you got it. The Bottom line is NSRC has a PR permit which carries a (No Commercial Mining restriction), whereas DNI Metals easily obtained a PE permit which carries a (Commercial Mining Allowed statement) and is valid for the next 40 years.
If you are a NEXT holder, after 5 years this has to be a huge red flag. You have to ask WHY? Or you could listen to the company dance and lose more money?
NEXT.T has a sizeable $30 Million market cap and you better hope they have a solution.
There are companies like BASS and DNI that are putting real progress together in Madagascar with much smaller market caps.
NEXT brags about being first to come up with the smaller production lower CAPEX idea, but BASS and DNI planned this scale up, all along.
If your still not a believer, Call the company and ask
What permit do they have?
How much time does it currently takes to get to the port?
By the way, its a 45 min drive on a current paved road to the port for DNI.
Who is going to pay for this road Riverrock talks about, and how much will it cost?
Spartex You are either being deceptive or uninformed. Show me and the other readers here where NEXT has the PE Mining Licence.
You posted
as it allows DNI to move to full commercial production at its option, subject to completion / fulfillment of the requisite environmental impact and social responsibility ("EIE" & "CSR") studies and obligations
This means if DNI choses the option to move to full production, that they already are licensed subject to completing the 2 studies. (My opinion is DNI will choose this option soon and move forward while NEXT is still waiting)
If NEXT had that license or option, you or the company could produce it. The company would have Press released the Ch_t out of that.
You people are bordering fraud over here.
Spartex Lets try this again. Hopefully you are mistaken and not trying to mislead here.
"DNI" is pleased to announce that it has been granted full commercial PE Mining Licence. This is the highest level permit to mine given by Madagascar. See chart on link below.
Show me where Next has a full PE permits. I just scoured dozens of NEXT ENZR press releases where they use these words: applying, initiated, submitted, waiting, raising money and now hope, but nowhere can I find they have a full PE mining permit renewable every 40 years issued to NEXT. It Was entertaining to see also the PP fundraisings for the process that is nothing more than a few filing fees, some paperwork and a few studies. DNI Metals did this when they had little money and did not dilute.
DNI Metals Receives Full Mining Permits for its Graphite Project in Madagascar
TORONTO, July 22, 2015 /CNW/ - DNI Metals Inc. "DNI" is pleased to announce that it has been granted full commercial Mining Licence ("Permis de Exploitation" or "PE") over its Vohitsara graphite project in Madagascar. Originally an artisanal mining permit ('PRE') at the time of the transaction, the Mining permit was granted by the Madagascar Minister for Mines through the national mining cadastre office ("Bureau du Cadastre Minier de Madagascar" or "BCMM").
The BCMM is the government agency responsible for administrative oversight of all mining tenements in Madagascar.
The obtaining of a full PE marks a significant milestone for DNI in Madagascar; as it allows DNI to move to full commercial production at its option, subject to completion / fulfillment of the requisite environmental impact and social responsibility ("EIE" & "CSR") studies and obligations.
Neither of these requirements are onerous and DNI will be moving to fulfill these requirements concurrent with its upcoming fast-track exploration and development programme for the Vohitsara Project.
DNI's Mining (PE) Licence has a term of 40 years and is fully renewable. The following table sets out the license types in Madagascar.
See link for this with Madagascar permitting chart showing what permit allows what.
http://www.newswire.ca/news-releases/dni-metals-receives-full-mining-permits-for-its-graphite-project-in-madagascar-518104031.html
DNI Metals: Madagascar Mining Permit — Graphite Saprolite Advantage
DGAP-News: DNI Metals Inc. / Key word(s): Miscellaneous
I just googled DNI Metals mining permit.
Use the link for better formatting
http://www.dgap.de/dgap/News/corporate/dni-metals-madagascar-mining-permit-graphite-saprolite-advantage/?newsID=992463
16.03.2017 / 16:48
The issuer is solely responsible for the content of this announcement.
Toronto, Ontario--(Newsfile Corp. - March 16, 2017) - DNI Metals Inc. (CSE: DNI) (FSE: DG7N) (OTC Pink: DMNKF) ('DNI' or the 'Company').
DNI Metals Inc. 'DNI' has a commercial Mining Permit ('Permis de Exploitation' or 'PE') over its Vohitsara graphite project in Madagascar. Originally an artisanal mining permit ('PRE') at the time of the transaction, the Mining permit was granted by the Madagascar Minister for Mines through the national mining cadastre office ('Bureau du Cadastre Minier de Madagascar' or 'BCMM').
The BCMM is the government agency responsible for administrative oversight of all mining tenements in Madagascar.
The obtaining of a commercial PE marked a significant milestone for DNI in Madagascar, as it allows DNI to move to commercial production at its option, subject to completion / fulfillment of the requisite environmental impact and social responsibility ('EIE' & 'CSR') studies and obligations.
Neither of these requirements are onerous and DNI will be moving to fulfill these requirements concurrent with its upcoming fast-track exploration and development programme for the Vohitsara Project.
DNI's Mining ('PE') Permit has a term of 40 years and is renewable. The following table sets out the license types in Madagascar.
Dan Weir, CEO, commented, 'We were attracted to Madagascar because it is known for its Large Flake, High Quality Graphite and because Madagascar has a modern and transparent Mining Code. Additionally, the area in which our Project is located contains excellent infrastructure and port facilities and the mineralisation itself is hosted within soft 'free-dig' material called saprolite, which greatly facilitates commercial extraction and processing.
Having a commercial mining permit at this stage gives DNI a significant advantage to advance its graphite production plans in Madagascar.'
Permit Type PRE PR PE (DNI Permit)
Permit Description Artisanal Mining Permit Exploration Permit Mining Permit
Term of Validity 8 Years 5 Years 40 Years
Renewal 4 years — multiple 3 Years x 2 20 Years - Multiple
Eligibility Malagasy Nationals All Local Entities All Local Entities
Maximum Size (km2) 100 1,000 1,000
Rights Conferred Exploration & Mining Exploration Exploration & Mining
Sale of Mineral Products Yes No Yes
Restrictions Maximum 20 Workers / No Mechanised Mining Operations (Artisanal Only) No Commercial Mining Allowed Full Commercial Mining Allowed
Environmental Simple Preliminary Study (P.E.E.) Simple Preliminary Study (P.E.E.) Full Impact Study (E.I.E)
About DNI Metals
Certain advisors and directors of DNI have significant operational experience at historical hard rock graphite mines in Canada (e.g. Ontario and Quebec) and Australia. Between them, they have built three (3) processing plants and designed two (2) others; all, which were shut down in the 1990,'s due to increased Chinese competition.
It was our team's understanding of the high production and capital expenditure costs associated with so-called 'hard rock' graphite mining that inspired DNI to search for saprolite-hosted graphite deposits.
Certain parts Madagascar and Brazil, produce graphite from weathered material called saprolite.
According to Dictionary.com, saprolite is described as:
'Soft, thoroughly decomposed and porous rock, often rich in clay, formed by the in place chemical weathering of igneous, metamorphic, or sedimentary rocks. Saprolite is especially common in humid and tropical climates. It is usually reddish brown or grayish white and contains those structures (such as cross-stratification) that were present in the original rock from which it formed.'
DNI owns a commercially permitted, saprolite-hosted graphite deposit in Madagascar; located 50kms from the country's main seaport. The deposit is located less than two (2) kms from the paved national highway. DNI has the intention of developing the Vohitsara project, should the economic viability and technical feasibility be established. DNI has not established mineral resources or mineral reserves supported by a PEA or mining study (PFS or FS).
DNI has a graphite wholesale business, in which it buys and sells high quality graphite.
Steven Goertz (MAusIMM, MAIG), who is a qualified person, approved the technical disclosure in this news release.
DNI — Canadian Securities Exchange
DG7N — Frankfurt
DMNKF - OTC Pink
Issued: 40,558,775
For further information, contact:
DNI Metals Inc. — Dan Weir, CEO 416-595-1195
DanWeir@dnimetals.com
Also visit www.dnimetals.com
Spartex you said
NSRC has indicated they are awaiting approval of their permits, but it does take time with this government. There may be some past issues NSRC may have as indicated on SH board, but I am hoping the company just resolves them accordingly to remove any issues from allowing them to go forward.
How much time does it take?
DNI Metals came to Madagasgar in 2015 and got their permits to mine graphite in 60 days at very little cost and are doing what they said they would do.
Riverrock said common sense would tell you "why would you get the mining permits before the financing?" I can answer that. Its to derisk your project so your financiers know what they are financing and share holders feel comfortable.
Obviously there is an issue and the company should have been forth coming with this info long ago. They should be able to tell you now.
You can check my history. I rarely if ever come to a different board and post like this, but there has been a lot of BS here for a long time that has caused a lot o people including myself to lose a lot of money
Lastly Hope is not a good reason to invest. Knowledgeable management of high integrity should be near the top of the list when determining future value.
Riverrock whats your point? Your not being realistic plus you and the company have been misleading investors here for years.
You posted
A good part of the distance from Molo to Fort Dauphin is paved and Madagascar plans to fully pave an unpaved road passing close to the Nextsource site - with help from one of the International Agencies
First do you dispute the drive is currently long an rugged or that the drive from Molo to the port is near 18 hours? Your solution of Paving the road would cost many millions. How will Nextsource do this and why would international agencies help here? How can you support those comments? Why would international agencies pave that roads for Nextsource? If this were true, there should be some official plans.
Maybe you have some comments on why the permits are taking so long?
Like I said before you people on this board are like a cult. Either you believe everything told to you or you are trying to mislead others.
Riverrock, I dont see you posting anywhere else or showing interest in any other companies? Do you work for Nextsource?
Looks like the GDXJ rebalance is done at least for the many companies that show huge volumes on Friday. Some real nice values out there.
Not sure how all that worked out, weather the MM bought and held the shares until today, then made a trade?
Cant find any articles , nor the GDXJ makeup by share count link I used to watch daily isnt working now.
Anyone have any insight, please let us know.
Seems to me that their are a few companies that havent posted the necessary volumes yet?
China Revises EV Credit Points to Reward Longer-Range Models
Anyone thinks China's not serious about clean air and electric vehicles?
https://www.bloomberg.com/news/articles/2017-06-13/china-tweaks-proposed-ev-formula-to-reward-longer-range-models-j3v68b09
China tweaked a proposed formula for calculating credits for electric-car makers to reward models with longer ranges, while leaving unchanged some regulations that foreign automakers had objected to.
Under the new formula, a multiplier is applied so that electric cars with longer range receive more credit points while shorter-range models receive less than the previous proposal, according to the latest draft of a credit trading system for new-energy vehicles by the Ministry of Industry and Information Technology. Cars with a range of 350 km (217 miles) or more continue to get the maximum of 5 credit points.
The revised regulations come after initial feedback from carmakers that the targets were overly ambitious. China is proposing to implement a system that would penalize manufacturers for failing to meet fleet emission targets and allow others that exceeded the requirements to sell them, a policy modeled after California’s cap-and-trade framework for the auto industry.
The regulators kept the proposed start date of 2018, despite the industry minister saying in March that the government was considering delaying the implementation or dialing back some of the measures. Automakers will also be required to obtain a new-energy vehicle credit score of at least 8 percent next year under the new draft, unchanged from the previous version.
Carmakers should be given at least 24 months to meet the new standards given the long time needed to develop new products in the auto industry, the European Union Chamber of Commerce in China said in a statement. Foreign automakers should also be eligible for various government incentives for new-energy vehicles, including for imported models, the business group said.
Representatives at Daimler AG, Volkswagen AG and BMW AG also said they couldn’t comment immediately on the latest proposals.
BYD Surges
BYD Co., China’s biggest electric vehicle manufacturer, would earn higher points for its E5 and Song dynasty EV300 models under the new proposed formula, while its E6 model will receive the maximum points with its 400-km range. The Shenzhen-based company’s shares surged the most since January 2016 in Hong Kong trading on Tuesday. A representative for BYD couldn’t immediately comment on the proposals.
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The cap-and-trade policy is part of a broader regulatory framework that China is putting in place to guide the development of what it calls energy-saving vehicles, a sector that it identified as a strategic emerging industry. The National Development and Reform Commission this week separately released an industry policy that required makers of conventional fossil-fuel burning vehicles to meet stringent criteria in order to qualify for capacity expansion.
The economic planning agency has also granted 15 permits allowing companies to produce only electric vehicles under a special program. It also allowed foreign automakers to set up a third joint venture if it made electric vehicles. At the same time, the finance ministry phased out consumer and manufacturer subsidies to force weaker players to exit the industry.
The state support helped China surpass the U.S. in 2015 to become the world’s biggest market for new-energy vehicles -- comprising electric vehicles, plug-in hybrids and fuel-cell cars. A total of 507,000 such vehicles were sold last year in the country, according to the China Association of Automobile Manufacturers.
China Revises EV Credit Points to Reward Longer-Range Models
Anyone thinks Chinas not serious about clean air and electric vehicles?
https://www.bloomberg.com/news/articles/2017-06-13/china-tweaks-proposed-ev-formula-to-reward-longer-range-models-j3v68b09
China tweaked a proposed formula for calculating credits for electric-car makers to reward models with longer ranges, while leaving unchanged some regulations that foreign automakers had objected to.
Under the new formula, a multiplier is applied so that electric cars with longer range receive more credit points while shorter-range models receive less than the previous proposal, according to the latest draft of a credit trading system for new-energy vehicles by the Ministry of Industry and Information Technology. Cars with a range of 350 km (217 miles) or more continue to get the maximum of 5 credit points.
The revised regulations come after initial feedback from carmakers that the targets were overly ambitious. China is proposing to implement a system that would penalize manufacturers for failing to meet fleet emission targets and allow others that exceeded the requirements to sell them, a policy modeled after California’s cap-and-trade framework for the auto industry.
The regulators kept the proposed start date of 2018, despite the industry minister saying in March that the government was considering delaying the implementation or dialing back some of the measures. Automakers will also be required to obtain a new-energy vehicle credit score of at least 8 percent next year under the new draft, unchanged from the previous version.
Carmakers should be given at least 24 months to meet the new standards given the long time needed to develop new products in the auto industry, the European Union Chamber of Commerce in China said in a statement. Foreign automakers should also be eligible for various government incentives for new-energy vehicles, including for imported models, the business group said.
Representatives at Daimler AG, Volkswagen AG and BMW AG also said they couldn’t comment immediately on the latest proposals.
BYD Surges
BYD Co., China’s biggest electric vehicle manufacturer, would earn higher points for its E5 and Song dynasty EV300 models under the new proposed formula, while its E6 model will receive the maximum points with its 400-km range. The Shenzhen-based company’s shares surged the most since January 2016 in Hong Kong trading on Tuesday. A representative for BYD couldn’t immediately comment on the proposals.
The most important market news of the day.
Get our markets daily newsletter.
The cap-and-trade policy is part of a broader regulatory framework that China is putting in place to guide the development of what it calls energy-saving vehicles, a sector that it identified as a strategic emerging industry. The National Development and Reform Commission this week separately released an industry policy that required makers of conventional fossil-fuel burning vehicles to meet stringent criteria in order to qualify for capacity expansion.
The economic planning agency has also granted 15 permits allowing companies to produce only electric vehicles under a special program. It also allowed foreign automakers to set up a third joint venture if it made electric vehicles. At the same time, the finance ministry phased out consumer and manufacturer subsidies to force weaker players to exit the industry.
The state support helped China surpass the U.S. in 2015 to become the world’s biggest market for new-energy vehicles -- comprising electric vehicles, plug-in hybrids and fuel-cell cars. A total of 507,000 such vehicles were sold last year in the country, according to the China Association of Automobile Manufacturers.
GWA.v GWSAF Gowest Mill deal breakdown, plus Checkmates valuation info
Broken down Gowest gets 50% ownership in a mill with a capacity of 1500 tonns per day. Has operated at 2000tpd in the past.
Payment One:
38,590,604 units including 38,590,604 shares and 19,295,302 Warrants
If the warrants get exercised at .165 this brings $3,183,725 cash to the company.
Payment 2 :
Northern Sun has the option to receive $5.75M cash or $5.75M in discounted shares, that if exercised at today's price, would amount to another 38 Million share dilution.
Total possible dilution 96.5M shares. Going to be less because Gowest shares going up.
Facts and pics of the mill:
http://northernsunmining.ca/Redstone-Mill/Redstone-Mill-Overview/default.aspx
Gowest bulk sample should average about 10gpt head grade with the ore sorter and is permitted for 30,000 tonnes. 10gpt x 30,000t =300,000g Au / 31gpo = about 9677 ounces gold extracted for revenue of $12 Million at $1250 Gold
Current GWA Bulk sample permit is for 499tpd. At 10gpt, they could produce 50k Oz/yr still leaving 1000 tpd capacity at the mill. Pre Feas calls for sub $900 AISC with toll milling.
AUMN Golden Minerals gets approx. $4.4M net revenues for leasing 400tpd capacity to Hecla Mining
Don't know how this deal correlates to the Redstone setup, but its good info to know. Potentially if Gowest used half the mill, and JVco leased the second half to someone else, there should be no cost to JVco from Gowest as it would be a wash.
With a full commercial mining permit, Gowest could potentially process 150K oz from the Redstone Mill at which point there would be a payment to JVco of which Gowest is 50% owner.
Since Gowest has no payments on the Orion mine financing for 27 months, its possible, that Cash flow and warrant revenue could make those payments, along with the additional sustaining CAPEX therefore requiring no further dilution. I assume that is the goal. That's the beauty of efficient mgt and a low CAPEX project
While this is a lot of dilution, Gowest got a smokin deal on a newish, nearby, state of the art mill, that suits their current and future need. The best part is, the mill is ready to go Now. No 2 years waiting or $60 M cost.
Harte Gold HRT, Gowests neighbor, just finished their bulk sample while Gowest is in earlier stages. They trade at a market cap today of $312 Million. If Gowests MC was the same, and Gowest diluted shares rose to 400M, Gowests share price would be .78 or more than triple the current share price even after the dilution.
Harte gold skipped some steps, moving forward with only a PEA (no PreFeas, measure or indicated) containing a resource of about 450k ounces in the Indicated and inferred. They just raised $20M to drill drill drill. What their looking to do, is raise their resource to a couple million oz and sell to a major for big bucks. Harte still has to raise money and build a mill, and hope to be commercially producing by mid 2018.
How does Gowest compare? Gowest spent the money up front and has an official NI43101 resource of 1.25M oz or triple what Harte has. Additionally, Gowest has reserve ounces that are equal to the entire Harte indicated and inferred. Its going to take Harte a long time, lots of $ and dilution to catch up. With Gowest having the mill completed, they may even leap frog Harte to commercial production.
As I always post, Gowests entire 1.2M oz resource sits on just 1% of their land position. It has about the largest strike in the Timmins camp, 1300m, and is open on strike and at depth. There are 17 other targets with the Bradshaw Geo signatures with some partially delineated. They have 22km of contiguous connected rock, in a previously undiscovered area of Timmins. Timmins ON has produced half of the historical gold from the abitibi belt. Its resource is previously undiscovered, because yesterdays technology could not find the gold under the heavy overburden. Today's technology can. Gowest and Greg Romain were smart enough to see this out front. They spent years collecting the 110km land, efficiently drilling, and positioning them for the future.
Use your imagination here. With the job Gowest has done to date moving the company forward in a share holder friendly manner, you can see why this is my largest position. If it weren't for the Ontario mining authorities sitting on Gowests permits for 4 years, I would have been correct here a long time ago. And Remember I tried hard to get you all in at 5 cents and more recently at .15
If I use my imagination, I see Gowest ironing out smooth commercial production and profitability, then quickly moving towards mid tier Timmins producer status and probably getting bought out for a 10 figure number.
Checkmate28
Gowest to Acquire 50% Ownership Interest in Redstone Mill
2017-06-16T11:43:03+00:00
TORONTO, ONTARIO--(Marketwired - June 16, 2017) -Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to announce that it has entered into a definitive share purchase agreement (the "Purchase Agreement") with Northern Sun Mining Corp. ("Northern Sun"), pursuant to which Gowest will acquire a 50% interest in a joint-venture corporation ("JVco") that will own and operate the Redstone Mill (the "Transaction"). Upon completion of the Transaction, each of the parties will hold a 50% interest in JVco. The Transaction was originally announced by Gowest on January 23, 2017.
The Redstone Mill, located near Timmins, Ontario, is currently wholly-owned by Northern Sun and has the capacity to process approximately 1,500 tonnes of ore-per-day. Located just south of Gowest's Bradshaw Gold Deposit, which forms part of its North Timmins Gold Project, the Redstone Mill is well-situated to satisfy Gowest's anticipated future ore processing requirements.
"This transaction is an extremely important milestone for Gowest, both as a key component in our near term plan to build the next new gold mine in the Timmins camp as well as a foundation for our longer term plan to develop the newest gold trend in the area," said Greg Romain, President and CEO of Gowest. "With this mill, we will be able to process our own ore at the same time that we and our joint-venture partner are positioned to generate additional cash flow by providing much needed tolling services to support other mines and undeveloped deposits in the area by reducing capital costs and time."
In order to effect the Transaction, Northern Sun will initially transfer to JVco substantially all of the assets comprising the Redstone Mill and JVco will assume obligations and liabilities relating to the Redstone Mill, in exchange for shares of JVco having an aggregate deemed value of $23 million. The assets will be transferred to JVco free and clear of all liens or encumbrances (other than certain permitted encumbrances).
Following the organization of JVco by Northern Sun, Gowest will purchase a 50% interest in JVco for consideration equal to $11.5 million (the "Purchase Price"). The Purchase Price will be paid by Gowest in two (2) installments as follows:
the first installment of the purchase price shall be due and payable on the closing of the Transaction (the "Closing") and shall be satisfied by the issuance to Northern Sun of an aggregate of 38,590,604 units of Gowest (each a "Unit" and, collectively, "Units") having a deemed aggregate value equal to $5.75 million. Each Unit will be comprised of one common share of Gowest and one-half of one common share purchase warrant, with each whole warrant entitling Northern Sun to acquire one additional common share of Gowest at an exercise price of $0.165 for a period of 18 months following the Closing; and,
the second installment of the Purchase Price shall be due and payable on or before the date that is 12 months following the Closing and satisfied, at the option of Northern Sun, either in cash or by the issuance to Northern Sun of that number of common shares of Gowest having a deemed aggregate value equal to $5.75 million. If Northern Sun elects to receive shares, the value per common share of Gowest will be equal to the market price per common share on the TSX Venture Exchange as of the date on which Northern Sun elects (or is deemed to have elected) to receive common shares, less a 25% discount, provided that the value per common share shall not be less than the deemed value per Unit at Closing.
On Closing:
Gowest, Northern Sun and JVco will enter into a unanimous shareholder agreement that will (among other things) govern the relationship between the parties and the business and affairs of JVco; and,
Gowest and JVco will enter into a custom milling agreement pursuant to which JVco will agree to process ore produced by Gowest from its proposed 30,000 tonne bulk sample and will reserve an average of 500 tonnes-per-day of capacity in order to satisfy Gowest's anticipated future ore processing requirements upon commencement of production.
The Transaction is subject to customary closing conditions as specified in the Purchase Agreement, including the receipt of requisite regulatory approvals and the approval of the TSX Venture Exchange. Complete details of the terms and conditions of the Transaction are set out in the Purchase Agreement, which will be filed by Gowest under its profile on SEDAR at www.sedar.com.
All of the securities issuable in connection with the Transaction will be subject to a hold period expiring four months and one day after date of issuance.
It is anticipated that the Closing of the Transaction will occur no later than August 31, 2017.
About Gowest
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Company's North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43-101 Indicated Resource estimated at 2.1 million tonnes ("t") grading 6.19 g/t Au containing 422 thousand oz Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre-Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Probable Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves), using a 3 g/t Au cut-off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.
Spartex, A whole article about NEXT moving to production, except they forgot to comment on the most important step.
How will they move forward first, or even next, if they are not permitted?
The same nagging questions should alert investors to huge risk, of dead money, more dilution and more Bull Sh-t.
Dont companys get permitted before they move to production?
I see this news as more carrot dangling to keep the troops rallied.
If there was any good progress on the permits, dont you think they would be press releasing that?
Your like a cult over here drinking the kool aid. NEXT is talking about subjects that are way down the road as if they are happening now.
Beigledog the big ones are
GWA #1 by a lot
ORV GORO
DNI I hit the PP 3 times recently. That was the only way to get a low cost recent position. Previously I chipped away anytime I saw shares available under .04 Near sure they will trade at .10 or higher soon.
Any DNI Watchers, check out this post by Luke McCain. Wrap your mind around this info. Follow DNI'S graphite to the US battery market. Couple that with the potential (PROBABLE more like it) new property acquisitions, the current near telling drill program (world class resource on its way), the coming demand for car batteries/renewable energy storage, and you can see where this could go. Trust me, there is a very good opportunity here. This is my 3nd largest position in $
PS The CEO Dan Weir, is brilliant plus driven and just gets it done.
I say all this in the context of relating the value to the miniscule market cap of $4M
Post by Luke link below
$DMNKF: News for DNI Wholesale Graphite (via GLK)
http://www.marketwired.com/press-release/great-lakes-graphite-enters-battery-market-with-first-shipment-international-battery-tsx-venture-glk-2221150.htm
Quote:
TORONTO, ONTARIO--(Marketwired - June 9, 2017) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) is pleased to announce the Company has officially entered the battery materials market with the shipment of two purchase orders to an international manufacturer of stationary battery systems. The first of the two purchase orders is for 50 kilograms of material that will be used in pre-production test manufacturing of a battery unit designed for use in industrial applications. The second purchase order the Company shipped, included five kilograms each of five different high purity micronized synthetic and natural flake graphite powders.
Quote:
Great Lakes Graphite Chief Executive Officer Paul Gorman said: "We are accelerating our preparations for scaling up manufacturing products for the battery market. This includes working with our partners to insure that adequate production capacity is available. We have also recently had discussions with our supplier regarding our new long term forecasts that anticipate a production rate that is four to five times what we had originally planned. We are extremely fortunate to be working with one of the top graphite producers in the world that have continuously operated a clean, green, sustainable and highly socially responsible operation now for over seventy years."
Just in case you are new here:
"supplier" = DNI Metals, Inc. (for natural graphite only)
"producer" = In this case, referring to DNI's Brazilian supplier.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=132048669
ORV.T ORVMF Orvana Minerals Benj Gallander of Contra the Heard Investment Letter gives his outlook for shares of Orvana Minerals Corp.
http://www.bnn.ca/market-call/benj-gallander-discusses-orvana-minerals~1142144
PRU.TO - time to look again. DA, I think you hit that one right on. Been watching it daily.
2016 largely reflects heavy capital investment at both Edikan and Sissingué as well as the production shortfall at Edikan during the period. This crushed the stock. Plus their stingy on the updates and no North American IR to call.
2020 growth to 500K OPY with AISC Crashing from current to $800 Little to no dilution to get there.
Being in the GDXJ means they could take a hit any day, plus June is Aussie tax loss season.
ORV.T PS, In F2018 they won't be out of the woods, but they will be on their way out. The BISA Bank Loan will be paid, they will start paying the $12M Samsung gold loan (another great deal) at a rate of $500K/mth which is less than their paying on the BISA loan now. They should still have some clean up CAPEX as well.
At this point, they should have some serious leverage to the price of gold, relative to their market cap, and will have proved they can put meaningful cash in the bank. The CIL circuit is the game changer.
On another note, gold is at $1293
Checkmate28
ORV.T Going up because more people are seeing the value. Holders know this and aren't giving it away.
I also reported the CAPEX was still there in H2 and that would continue to weigh in on the AISC in h2 since most is expensed.
A little history that I know you are aware of but is a factor here. While gold was crashing, they choked down paying the $65M loan with steep payments. Again looking at Orvanas 10 year OS count showes they rarely dilute. This left the company on life support with serious deficiencies both underground and above ground. They put together what Im calling the rehab. Its sustaining, because its needed to sustain operations. Truth is, it facilitated both increased value for the company and a platform for growth.
Whats going to effect the H2 AISC are the increased tonnage, the better grades and the much improved recoveries. Since ORV expenses most of the CAPEX, those current AISC numbers do little to inform what the AISC number will look like in the succeeding quarters when the CAPEX is normalized.
The H2 Gold production came in at 36k while the guidance was for between 85k to 95k Thats leaves bet 49k and 59k for H2 Thats a positive effect on both revenues, CC and AISC
Recovery from the CIL circuit came up from 55% to 86% Thats a 50% increase in gold there with no extra cost.
CIL also allows for mining the higher grade Don Mario LMZ as opposed to the UMZ
This thesis remains. Once the rehab is completed, the AISC will drop
significantly and 130k OZ AuEq at much lowered costs, with nice CF, will support a MC that's multiples of even the current MC.
GWA.V GWSAF Gowest Gold .22 up .02 on high volume. There waking up now!
Dr Air Re ORV.T ORVMF Orvana Minerals
ORV.TO I'm not that keen.
I sold all mine when they announced $1350-$1400 AISC for F2017. Current rally is low volume and won't hold IMO. They are at AISC of $1422 YTD so are over upper end of guidance and will bleed cash this year.
CM The 2017 AISC Guidance is not whats important. Whats important is the resulted efficiency that will come from the CAPEX going into the rehab. This CAPEX distorts the AISC in H1 17" heavily negative,
CM H2 will see large increases in production and decreased costs, plus continued outgoing CAPEX for the rehab program. Q3 ends June 30 and new guidance will be out soon for 2018 that begins on Oct 1st. They will have paid the entire BISA $8M loan by then. In Bolivia, Operating CC should be running $700 and AISC near $800 NOW. Perhaps you missed the 14 Million lbs of copper plus silver credits per year? Progress will be slower in Spain. Increasing production volume with decreasing costs due to the increased oxide ore will increase over a number of quarters. A couple years worth of available tailings should help to keep the mill at current 2000tpd which is up from about 1200tpd last year
Bolivia is also really small and I'm not sure if they have ever been able to repatriate free cash flow so that is why market gives them no value (socialist country that market is highly suspect will honour current mineral resources extraction legislation long term - I've visited there) so may be just a capital-suck to keep extending mine life but never helps to generate cash.
CM Remember they have operated in Bolivia with no real problems for 20 years and have traded at $8/shr and more recently for $4/shr in 2011. I'm the first in line to worry about jurisdiction. (I prefer Timmins ON). When I discount 50% for jurisdiction and still see huge value with low downside, I buy it. Market giving them no value because they came from life support. They will buy Bolivia again when the cash starts stacking
ORV may wander between $.20 and $.40 for next six months but I don't see any bigger catalysts.
I'm watching but waiting to see if FQ3 or FQ4 come in at lower AISC.
I know it's still cheap but needs a real turn around. I would buy again if ORV went back down to $.20.
CM Orvanas not going back to .20 Somebody would be lucky to get a worthwhile position under .28 IMO
CM All in all, the play was to buy at .20 this year and catch a sure slow ride up as they prove the value. Each time you wait for proof of catalyst, you loose most of the upside value for that catalyst. Buying near .20 with wanderings to .40 as you say, is a great proposition in this years lethargic, market. The trick, is to know what they are going to do upfront, get in early, be ruthless with the DD and wait. The only thing going to slow this stock down, is the ongoing CAPEX that affects the distorted reported AISC. Remember the CAPEX is expensed here. Its paid for with a combo of CF & debt service. Much better than the costly dilution and loaded financings the rest of the pack offers. Many will see through this AISC. In 60 days when the financials are out, you'll by buying value at .40 cents. The big gains will come shortly after, when the balance sheet is cleaned up, production is humming at 130k AuEq/year with a much lowered AISC.
Just my opinions of coarse.
Checkmate28
theme_investor I looked through your history and I dont see a single post about cobalt, graphite batteries or energy other than today.
Search google for graphite shortage and you'll find dozens of articles about coming graphite shortage. Cobalt just happens to be the flavor of the day.
https://www.google.com/search?q=graphire+shortage&rlz=1C1GIWA_enUS569US569&oq=graphire+shortage&aqs=chrome..69i57.7539j0j8&sourceid=chrome&ie=UTF-8#q=graphite+shortage
I think Lithium cobalt and graphite will all be in demand as battery storage inevitably increases. For graphite, its more about having a certain grade large flake graphite that is upgradeable to spherical graphite.
Currently auto batteries use synthetic graphite. The companies that are able to produce this quality natural graphite, will be able to supply the battery companies with a lower cost, higher energy density battery that has a much greener manufacturing process. Its this recipe that is hard to come by and will be bouncing in price as demand picks up. Its here where the $4M market cap DNI will become the leader IMO.
GDXJ Rebalance is scheduled to be complete by EOD June 16th. Far as I can see, most companys are still expecting massive reductions before then.
ZH GDXJ Worst Performers Index, IS DOWN 30% Includes 10 worst GDXJ performers from date of announcement until now.
http://www.zerohedge.com/news/2017-06-02/gdxjs-epic-rebalance-its-kinfe-catching-time
The biggest questions are
how much is priced in?
how large is the short position?
How many days to cover?
Do you have your steel gloves on?
Will they bounce after?
DNI.CA DMNKF DNI Metals DD! You can still buy these for .065C/share DMNKF .049US should get it done. This overhead should be gone next week. Read Bob Moriartys article and watch the videos if your interested. These catalysts are well on their way. When this round of progress is done this summer, DNI's market cap should move from $4M to join the rest of the graphite driller/developer crowd that averages around $30M market cap. The only difference, is the rest of the heard cannot get permitted nor fund the huge CAPEX whereas, DNI IS fully permitted NOW, and will be looking for only $10 - $15 M CAPEX which is 10% of the herds CAPEX.
Bob Moriarty http://www.321gold.com/ Hes run this site for 16 years
http://www.streetwisereports.com/pub/na/dni-delivers-profitable-graphite
Proven and Probable clips 2 clips here: First one is a thourough summary on the whole package and plan when Maurice interviewed DNI.
GWA Update from a reputable Timmins resident/share holder/ SH Poster
On track for production GWA is!!
Well folks as promissed.......i did see and talk with Greg at their booth.....Not much to report as their last n/r on development pretty well summed it all up......We are awaiting for the drill results(the drill program is done)....by the look at the s/p and volume the results must be very good......If all goes well they will reach their bulk 30,000 tonne by October-November the latest......They are well past the 150 metres mark.......Milling with Northern Sun is going very wel(the autoclave will be built beside the mill)......Whitney is on backburner for now(eventually Tahoe will come knocking).......One thing i can say to all of us retail holder.....we are in very good hands here with top notch honest hardworking team.....kudos to GWA....everything will fall into place and full commercial production should be accomplished in early 2019......p.s...If some think they do not read the B/B they are mistaken.....checkmate my man, keep pushing for answers with Greg......you are recognized.......GLTA
Read more at http://www.stockhouse.com/companies/bullboard/v.gwa/gowest-gold-ltd?postid=26312443#LYO8ExdhFYzf8U1w.99
Facts ‘n’ Figures: Global silver mine production drops for first time in 14 years
* We knew this was going to happen. While we had the lowest price of silver in 2015, there was at the same time, all the carryover development from the boom at $49 silver when everyone spent big $ on developing projects and resources. The results was increasing production each year peaking in 2016. Now were left with decreasing projects coming on line, thus demand for lesser resources should be positive for the price of silver *CM
POSTED BY: JOHN CUMMING MAY 26, 2017
The following is a release by the Silver Institute upon the publication of the World Silver Survey 2017, produced on its behalf by the GFMS team at Thomson Reuters.
Global silver mine production in 2016 recorded its first decline since 2002, largely the result of lower by-product output from the lead-zinc and gold sectors. Coupled with less silver scrap supply to the market, which posted its lowest level since 1996, as well as a contraction in producer hedging, total silver supply decreased by 32.6 million oz. in 2016. Moreover, new highs were recorded for silver’s use in the photovoltaic and ethylene oxide sectors, both growing and significant industrial applications for silver.
Silver supply
Global silver mine production declined by 0.6% in 2016 to a total of 885.8 million ounces. A large proportion of the drop was attributable to the lead-zinc and gold sectors, where by-product silver production dipped by a combined 15.9 million oz. silver. On a regional basis, Mexico registered the largest drop in production last year, followed by Australia and Argentina, yet those losses were partially offset by gains in Central and South America and Asia. Even so, Mexico was again the world’s largest silver producing country, followed by Peru, China, Chile and Russia.
Primary silver mine production grew by 1% to realize 30% of total silver mine output last year. Lead-zinc mines contributed 35% of 2016 by-product output, followed by copper mines at 23% and gold mining at 12%.
Silver scrap supply fell to 139.7 million oz. silver in 2016, a level not seen since 1996, despite higher silver prices. The contraction was largely driven by lower Asian flows, due in part to lower industrial fabrication volumes. Scrap supply from the industrialized world was also muted, as partial jumps in flows from the U.K. and Europe in general, offset falls in North America and Japan.
In other areas of silver supply, GFMS reports that again government sales of silver were essentially non-existent last year, while in 2016, delta-adjusted silver hedging by producers contracted by 18.4 million oz.
Investment
The annual average silver price posted an impressive 9.3% increase in 2016, its first rise since 2011. Assisting the price was last year’s supply and demand scenario, which led to another annual silver market deficit, the largest in three years and the third-largest on record, reaching 147.5 million oz. silver. The average price last year, at US$17.14 per oz., registered 28% higher than 2007, when the silver price averaged US$13.38 per oz.
Identifiable investment, which consists of physical bar investment, coins & medals purchases, and additions or drawdowns to exchange-traded products (ETP) holdings, retreated 7% from the level achieved in 2015 to 253.8 million oz. silver last year. To put this in a broader context, this level of investment was still 23% higher than the average over the decade preceding 2015. Holdings in global ETPs increased robustly by 47 million oz. last year, posting an all-time high in October.
Silver coin and medals fabrication fell by 9% in 2016, from its record high in 2015, to 123.2 million oz. Even so, coin and medal fabrication was still at its second highest level this century. Silver bar investment fell by 46%, mainly the result of lacklustre demand in India due to a combination of higher prices, destocking and government measures on unaccounted wealth. Notably, increases in bar demand occurred in Germany and the United Kingdom.
Fabrication demand
Total physical demand fell by 11% in 2016 to 1,027.8 million oz., pulled lower by weaker offtake for jewelry, silverware and retail investment. Industrial applications, the largest component of physical silver demand, accounted for 55% of total physical silver demand last year, and were marginally lower by just 1%, reaching 561.9 million oz. silver.
The U.S. experienced another healthy rise in this sector, the second in succession, jumping 9% over 2015 volumes, while Japan posted a 6% rise in silver industrial fabrication. Elsewhere, demand was dragged lower by softer economic conditions with declines in China, Africa, South America and Europe.
Silver demand for photovoltaic applications posted a noteworthy 34% rise to reach 76.6 million oz. silver. This growth was the strongest since 2010 and driven by a 49% increase in global solar panel installations. Silver’s use in the ethylene oxide industry grew at the margin, yet it was a record performance for the sector supported by a 6% rise in global capacity.
Silver jewelry fabrication declined 9% to 207 million oz. from the record level of 228.3 million oz. set in 2015. The loss was led by China and India, where jewellery offtake was materially weaker due to higher silver prices and a build-up of stocks. Demand was stronger however in Indonesia, Vietnam, and the U.S., which had a 12% increase in jewelry fabrication, reaching 16.1 million oz. silver last year. Globally, silverware declined by 17% to 52.1 million oz. with higher silver prices accounting for the bulk of the fall.
Silver’s use in electrical and electronic applications, as well as its use in brazing alloys, fell last year, victims of a still sluggish global economy. Photographic demand fell by just 3% in 2016 to 45.2 million oz. silver, representing the lowest percentage decline since 2004, potentially indicating that the bulk of structural change in the photography market is over and that current fabrication volumes may be largely sustainable.
— Founded in 1971 and based in Washington, D.C., the Silver Institute is an international industry association. Its members include leading silver producers, refiners, manufacturers and dealers of silver investment products. Visit www.silverinstitute.org for more information and to download and purchase World Silver Survey 2017.
Read more at http://www.stockhouse.com/companies/bullboard/t.exn/excellon-resources-inc?postid=26290592#cYzSjR7MbFu8LXzj.99
Edge83 GWA.V Looks like it. I hate when that happens. Im away for travel, not following and my stocks go up while Im not watching LOL.
I think GWA has another couple break out coming.
Today after the break out, GWA is trading at only a $60M MC.
$100 Market Cap puts them at .33 per share. Sounds like a conservative short term target for me.
Consider developer Harte Gold, having the same jurisdiction and same size resource but ahead in time. They just finished their bulk sample and their trading at a $330 M market cap.
Great comparison of ORV with Endeavor Silver by Ganndolph on StockHouse
While not complete, it helps put things in perspective.
Replying to another poster
What is there to stop this stock at 35 cents?
Consider that Endeavour Silver's production guidance for 2017 was 124,000 to 134,000 gold equivalent ounces, and Orvana Minerals guidance for 2017 is in the range of 119,000 to 134,000 gold equivalent ounces. Both stocks have the same numbers for the upper end of guidance.
EDR trades at $4.00 Canadian dollars and has a market cap of 512 million dollars.
ORV trades at 29 cents and has a market cap of $35 million dollars.
EDR has 128 million shares in the stock float and ORV has 136 million shares.
What is there to stop this stock from running to $4 USD?
IMHO
http://www.stockhouse.com/companies/bullboard?symbol=t.orv&postid=26296208#81BHGvec7tqCd842.99
Guy ORV.v High Fives for having your position in before the transformation. The breakout for Orvana was inevitable. Everyone on this board should own some IMO. At least a double by year end even with flat metal prices.
Just for starters a few clips from my notes.
2017 Guidance: 90k oz Au and 14 Million lbs Copper
Decreasing costs
Recoveries up
Debt free later in the year
copper and silver credits should pay for the entire cost of gold production
New CIL Circuit
2.2 million tonnes of oxide stockpiles containing, 129k oz Au1.84 g/t, 96 M lbs copper Au 1.84 gpt / Cu 1.89% / Ag 49.30 gpt Costs? Going to be super low!
Tailings 150k oz .7gpt No mining costs.
2.5 Million from the Copperwood sale. Free money owed to the company and probably in the bank already.
But best of all, the worst sentiment possible for this company.
Checkmate28
From what I'm reading there are huge huge advances in savings for minors on the way. Most of them having to do with energy.
On Copper
Robert Friedland recently said you're going to need a telescope to see the price of copper in 2021 copper is the only commodity thats going to have new customer demand for the next 15 to 20 years.
Also by far copper should be the best lllllll metal over the next five years with zinc right behind it.
Huge increases in renewable energy plus infrastructure buildouts around the world should put a huge demand on copper.
When I was at the PDAC booth, Coincidentally the Sacre Davey Reps were there. I spoke with them about the technology. They told me there was a list of about 12 companies in the area that were on the waiting list to get the sorter and GWA was the first. They were thinking they would use GWA as a show and tell for the area. Its going to work like they say. Its highly tunable. GWA has done 2 bulk tests already. The xray detects which rock has the gold. Then an air jet with precision, knocks the others off the conveyer, leaving much less good ore to move and process. The result is a better than doubling of the head grade and the cost of the equip is near nil. It works esp good with their arcenio-pyrite. Officially Testing claimed that 98% of the gold was in half the ore but in reality, the numbers were much better.
Sacre Davey is in Vancouver on Mountain Hwy in case your interested
Re GWA I think they will be to the target resource at that time, with hopefully some good surprises along the way. Part of the delay was building out the infrastructure-tailings area to support commercial production as opposed to setting up for just the bulk sample. Since commercial production is their mission, this will help later. Hopefully you checked out the infrastructure buildout in the video.
rrten GWA Whitney. My take on that property is that they are not going to drill Whitney. Is was put to me like this, Tahao will need the GWA Whitney property for their project whether there is gold there or not. It sits in the middle of their project. They will need it even if its just for parking space or a tailings pond. There is probably a lot of gold down there, but its worth more to Tahao than GWA. Now if Gowest drilled a couple holes and they came up blank, than they wasted money and diminished the value of their property. I think they have better fish to fry and will wait for Tahao to get busy and knock on the door. Then if the offer is poor, maybe they could think about drilling.