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Re: Traderfan post# 32142

Saturday, 01/30/2016 2:02:02 PM

Saturday, January 30, 2016 2:02:02 PM

Post# of 35802
Traderfan, I think the trouble is, there has been no news. The longer that goes, the more fear influences the investors. The key to any progress going forward towards production is the permitting finalized. GWA has done everything on there side plus the locals/first nations have had their last chance to ask questions which were satisfactorily answered.The government is taking their sweet time issuing the final permits. In the mean time, they have been working on the infrastructure, including a road to where the ramp will start and are ready to do some drilling on their Transition property. Production will be at Frankfield, but they have 17 other targets, some partially delineated, from the other 99% of their property.

If they could improve the resource to support 100k production over 10 years and update the Pre Feas I think it would significantly upgrade the value. The problem is, the price of gold not supporting a share price or attractive financing, that has them moving at a snails pace.
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