Value Microcaps Junior Miners

[checkmate28]

Trader Gowests CAPEX is low because they are contract mining and processing their ore. Xtrata Glenncore has a 3 mile deep mine in Timmins that is nearly exhausted. They have 4 lines there and are only using 2 or 3. Xstrata just recently spent $160 million revamping these lines a few years ago and would like to keep the lines and mines going to avoid mine closure costs.

The xstrata Kidd mine is responsible for about 1600 Timmins ON jobs so the local government is behind this as well. Gowest has the only upcoming mine with a large enough production profile to interest Xstrata. Some of the CAPEX would go towards prepping the line for the Gowest ore. This would give Gowest a great opportunity to use the completed facility and talent to get them up and producing. Also use your head to think of possible outcomes here. Xstrata Glenncore is a mega billion market cap company with plenty of cash. Gowest their neighbor, is going to develop a mine camp IMO.

http://www.gowestgold.com/index.php/news-events/news/article/?t=gowest-gold-granted-further-extension-for-letter-o-tsx-venture-gwa-201407080956161001&id=1856909&f=http://gowestgold.mwnewsroom.com/article/xml?id=1856909