Value Microcaps Junior Miners

[checkmate28]

GWA.V Gowest News today. Got the initial tranche of US$5,600,000 pursuant to the previously announced Pre-Paid Forward Gold Purchase Agreement. They should be moving along now. Payments dont start for 27 mths so $ pressure is off. They will have all revenue from the bulk sample to reduce the need for further financing. By then they'll be in commercial production.


Harte Gold HRT.T, Gowests closest comparable is moving up!
Harte Gold Market cap now $156Million Thats triple Gowest.

Harte Similar resource/PEA and operation (both tolling for now) and just 50km down the road.

HRT.V Plans are to finance and build a 550TPD Mill 1/3 the size of Gowests

Harte just got approval for Phase 1 commercial production of 30,000 ton
Planning for Phase 2 commercial production from their 550tpd mill in 2018.

Harte has 510M fully diluted shares and now will have to figure out how to finance the mill.

Gowest is just months behind these guys fully set up with a perfect 1500tpd mill. Even though the PF is for about 50k/yr, this mill would support 100K oz/yr at sub $900 AISC without ore sorting. Remember that word ore sorting.

Its these things that will move up the GWA share price and close the gap. Closing the gap would bring Gowest share price up 200%

The market is looking for low CAPEX, Hi grade, Hi IRR projects.
For now, I believe the market is treating Gowest as an exploration play with the wait and see attitude. They will soon be viewed different.

Gowests partners and insiders control about 45% of the shares so their aligned with us and can stop a low cost take out.

For the future, Gowests Bradshaw resource has 1.2M oz @ over 6gpt (3 gpt cutoff). Its open on strike and at depth. The 1300m strike is nearly the largest in the entire Timmins area. This is from just 1% of their land. They have 17 other targets with Bradshaw type signatures. Due to the heavy over burden in the area, previous technology could not find the gold. Ive seen a geo magnetic fly over map on a 40 foot wall at a dog and pony show for bankers. The whole area is hot. Once they start cash flowing at Bradshaw, they will continue drilling out the other targets and expanding.

Also Gowest in the middle of JV for 1500tpd mill. Great deal. I believe we will see Gowest move their Autoclave to that property to act as a central processing center for refining the areas refractory ore. Goldcorp noted the need for a central center in their annual meeting.

Next potential catalyst GWA's. Gowests Whitney claims lie 1km from the Hallnor Gold Mine. The Hallnor Gold Mine was among the richest in the Timmins camp, with grading of 0.41 OPT Au and produced 1.7 million ounces of gold from a 65 hectare area. Gowest has 150 Hectors. GWA's Whitney property sits in the middle of Tahoes Whitney project. Tahoe got the green light to move that project forward. They will surely knock on Gowests door to get that property they must have. Rumored to be worth $25 M as it sits.

I dont have one worry about these guys getting things done. They have executed prudently and would have been in production long ago if it weren't for the 6 year wait for the permits and POG.

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

Checkmate28 JMHO