Home > Boards > US OTC > Mining/Resources > Mawson Gold Ltd. (MWSNF)

Next move - up.

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Kaseymoe Member Profile
 
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Kaseymoe   Sunday, 04/09/17 03:37:15 PM
Re: None
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Next move - up.

Just looking at the chart we are headed for an upward crossing of the 50 day Moving Average and two of the past three upward crossings were followed by continued significant up moves. I and in the US and buy the MWSNF symbol - if we go above 34 cents I'll be bold and call for a 12 cent move to 46 cents. The winter drill program will be over soon and perhaps we'll see a wrap up statement from Michael Hudson.

I see no negative news - some of the grades in this PR are not in the spectacular realm and given the location I'm not sure exactly what is considered economic. It's likely higher than in an easier district - maybe 1.5 g/ton to be economic maybe more but we seem to be in that realm.

The mineralized zone seems quite large and it's expected there will be significant variations in grade and type of ore bearing deposit. That may complicate recovery if one method does not fit all of the ore body.

Anyone else is welcome to ring in with your assessment of where things stand - spring of 2017. Still risks, still "years" before production and not yet an assurance there will be production. Mawson is taking it step by step and the press releases are measured and substantive. I do like the participation by several patient backers with staying power.

rjw/Kansas City Missouri usa

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