Value Microcaps Junior Miners

[checkmate28]

Gowest gets 50% ownership of a 1500 tpd mill for $11.5 M in equity financing. New share count could reach 400M after GWA satisfies all obligations, but Gowest would have a clear path to 100K OPY production at the facility they have already gained permitting for. Weigh the dilution against the path to 100k production @ AISC less than $900. I like it. They are just about where they need to be.

Redstone currently operates the mill on a toll mining basis and can be split to provide two independent circuits, each of 750 tpd . If Gowest is using 500 tpd for the bulk sample and initial production, there is 1000 tpd spare capacity they can lease for revenue.

Essentially here, Gowest gets a new partner that will own about 25% of the outstanding shares when both installments are satisfied by Gowest.

Redstone Mill 0verview
http://northernsunmining.ca/Redstone-Mill/Redstone-Mill-Overview/default.aspx

JVco will assume all of the obligations and liabilities relating to the Redstone Mill Now theres a question for shareholders?

Have to run for awhile, anyone have thoughts?