Value Microcaps Junior Miners

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Traderfan RE Gowest Gold GWA.v Other than lack of bid, due to the overall condition of the Gold Juniors, I dont know of any reason for the price decrease. They have plenty of money to carry on for a good while. I imagine the office isn't worried about the PPS now either and are zooming forward with the Prefeas study and their permitting.

http://web.tmxmoney.com/pricehistory.php?qm_symbol=GWA
You can see that the last 14 days, there has only been $47700 worth of stock traded. Lots of stocks are going to drop during tax selling season and if metals go lower, lack of bid is going to show up on the PPS.

Now if Im talking with my friends, Im going to tell them, I think Gowests propertys are every bit as good as their neighbor Lakeshores. Lakeshore had a headstart in the sense, they started with mines and a mill and Gowest has to build. There going to be some setbacks before they get their stride. They have been executing well under the circumstances IMO.

Abitibi Greenstone Belt, historic production and reserves of over 143.7 million ounces of gold, or 48% of all the gold in Canada. The Timmins Gold Camp alone, a relatively small portion within the Abitibi Greenstone Belt, accounts for 70 million ounces. Gowest sits in the heart of Timmins. So this means Timmins has produced 25% of all gold in Canada.

Now heres my thesis and I entirely dont have enough information yet. Fact, Gold is nearly everywhere in Timmins. Gowest property sits in Timmins on a previously undiscovered area due to the nature of the overburden on that land. You see, previously, current technology could not find the gold, because of the overburden (dirt) covering the rock out croppings and soil samples were useless. Its only recently that technology could fly over and map the hot spots with the 3d magnetic resonance testing. Gowest can now see through the dirt. Their total 1.5M oz compliant gold resource, sits on less than 2% of their total land package. I think they could have a multiple mine gold camp on their property over time. I should get an update soon and will post if their is anything interesting.
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