Trader Re GWA. The mill deal, ore processed and gold revenues are the short term end game everyone is waiting for.
The wait for those milestones seems endless, and thats the main reason for the drizzling share price.
As to GWA mgt, their probably disenchanted with the share price, but its not their main concern right now.
Their main concern is to keep the 2 shifts working underground as cheap as possible, get the mill deal finalized, ore processed, gold revenues in the bank and the comercial mining permit.
After thats all wrapped up, what risk and uncertaIntly is there? Gowest will be a solid Timmins producer, drilling towards a 3 million ounce resource. Whats that market going to be worth is the question?
We figure out our future value, we place our bets, and wait and hope they do this all as fast as possible.
For me GWA's FV after those milestones is more than Harte Golds current $250M market cap and thats a 7 bagger from here for GWA.
As to GWA share count, Harte Gold is at 566M OS not sure on the FDOS. My Perseus Mining with over 1 Billion OS is up 50% since Dec17. I worry more about market cap than share price
As to delays on permitting, I learned a big lesson here with Ontario Minors. Plan on everything taking a long time and than some more. Going to factor this in more in the future.
One of the reasons I like DNI so much, is that they can do so much, so fast, once of coarse they get their final environmental approval.
The biggest risk factor I see for GWA, is getting Ontario to OK the commercial mining permit to continue after the bulk sample is done. In theory, getting the OK to continue mining at the same 600 tpd rate should be easy, but in ONtario, Ive learned nothings easy. The good thing is that at 600tpd, with 2 ramps and the ore sorter GWA should kick out 80K oz/year and throw out some decent CF.
For the little longer term, whats GWA MC worth, when its kicking out 80k OPY and with a 3 Million oz resource. I learned this from PDAC, GWA's partners really want to get the resource up to 3 Million Oz where the in situ value per oz is higher and Gowest will be worth a fortune.
Checkmate28 JMHO
