InvestorsHub Logo
Followers 26
Posts 2151
Boards Moderated 0
Alias Born 03/30/2004

Re: Traderfan post# 34175

Sunday, 04/08/2018 5:26:24 PM

Sunday, April 08, 2018 5:26:24 PM

Post# of 35698
Trader Re GWA I feel just like you. Whats another couple months if its worth the wait. Zero interest in the stock because it seems their moving at a snails pace, which their are lol. I give up trying to push things. It happens when it happens. Whats important, is their underground now, and it looks like there is more gold than they thought, and they are moving the project forward at a decent steady pace while they wait to solve the remaining couple obstacles.

The way I see it, GWA is working full steam ahead with 2 shifts developing underground. They are stacking ore up top and sorting out the issue with the ore sorter. Rather than pay personal to run a smaller amount of ore for a longer time, they are going to delay hiring the extra personnel, stack the ore and push close to the daily max production they can, which will be probably close to 550tpd. This ore should be 10 - 15gpt head grade depending on how much development ore they filter in. When we see ore going through with these numbers, with a nice press release, we should get a re-rating of the share price. (Catalyst 1)

Gowest still is waiting on the finalization of the mill deal. Since there is a 3rd party in the deal, mining officials seem to think things should take longer to officially OK the deal, when it really it shouldn't matter. This is not GWA'S fault. Final Authorization here (Catalyst 2) My guess at this point we have minimly an 80 - 100% bump in share price.

Gowest is seeking their commercial mining licence they applied for in late summer 2017. This requires the signoff of 1st nations which they are probably near getting. Said 1st Nations are like 150 km away and really shouldnt have much but we know how this goes. This should happen during or near the end of the bulk sample and should allow for about 80k OPY if they have the grades and a 2nd ramp shot off the 1st one (Few Million extra$ expense) (Catalyst 3) I think this gets us to .25 cents

Elections coming this summer in Ontario. Nuclear option is to go to the local Newspapers to put pressure on the Mining Authorities, to explain why they are not helping to create jobs and economy for the city of Timmins

At some point, once they get production rolling, look for them to push for bumping the resource to 3 Million oz, so as to set up for the 150 K yearly production and emerging mid tier status.

IMO these catalysts are nearly eminent and therefore GWA is one of the best risk reward vehicles out there for short term. Todays low price allows one to add cheap shares.

Checkmate28 JMHO

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.