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Re: Traderfan post# 32895

Wednesday, 11/30/2016 11:56:14 PM

Wednesday, November 30, 2016 11:56:14 PM

Post# of 35713
Trader Gowest Not sure what Im going to do but Ill probably keep most of it. Things to consider as I just went over a bunch on info

New Nov presentation has pics of the progress, road work and site work at the portal.

Harte Gold, their neighbor just northeast, has a similar project in size, grade, economics and are toll milling just like Gowest. Harte Gold has no reserves and no pre feasibility study unlike Gowest which has both.
Harte Gold still has over double the market cap of Gowest so still a large gap to fill on that comparison.

Harte Gold got started on their portal Nov 2015 and delivered ore to Barrick April 15th 2016 just 6 mths later. They were scheduled to receive revenue in May.

HRT stock is trading at or near the same level since March when they pulled first ore, where as most everybody else is 30 - 50% down from the July August yearly highs. Put another way, all the other minors that are progressing their business and making money are suffering the 30 - 50% drop in market cap, whereas Harte stock has stayed strong, by not losing any ground. I think that is because they are creating value fast as they knock off the accomplishments and derisk.

Gowest stock could jump on the financing and drop, but they have a lot of progress happening fast once their funded. Due to the nature of their tolling arrangement, they should be shipping ore this coming June if their on the Harte schedule. Thats provided they are funded on or near December 09 like stated. Typically after funding, were waiting 2 years for the average company to build a mill and start production. My sentiment reader from my DD, says Pandions DD went well and Gowest should see the funding before the Holidays start.

Catalysts for thought.
The biggy! Funding and the cost.

Tax loss selling Depends on the Price of shares Dec

Blasting the portal and pulling first ore. Think they'll get some attention here

Redstone Milling agreement

Ore sorting sucess? Should be a bonus here

Drilling, they will unleash the drills on the Sheridan, Roussain and Dowe gold zones when they are funded from Pandion. Currently their saving $ and managing risk with only 4 employees.
All of the above should be events to happen over the next 6 months which IMO will keep things interesting.

Outside of these operational events
could be,
Progress on the Whitney property that Tahoe needs positively at some point. This Gowest property is 1 km from the The Hallnor Gold Mine which was among the richest in the Timmins camp, with grading of 0.41 ounces per ton, producing 1.7 million ounces of gold from an area within under 65 hectares. Gowest has 143 hectors there and it literally sits smack in the middle of the Tahoes Whitney project that was just given the green light to move forward. Should be worth $10 to $25M as is to Tahoe. That'd be a game changer for Gowest.

Also, I noticed on page 6 of the presentation, these words under Project location ... No Regional Autoclave - pressure oxidation (POX) to process refractory gold concentrate Thats a big Hummm!

Gowest is Obviously alluding to the Autoclave they picked up and own from the Conn Mine. Must be getting some progress on getting that into commission and possibly news coming. Could also brew into an agreement with another partner to roast the Gowest ore with the Autoclave.

Now if Gowest can get a check for $17 Million on or about Dec 9, we should get a nice bump in the share price and news flow should be on the brisk side.

http://www.gowestgold.com/wp/wp-content/uploads/2016/04/Corporate-Presentation.pdf

http://www.gowestgold.com/wp/wp-content/uploads/2016/04/Fact-Sheet.pdf

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