GWA.v Just posted a NI43 compliant $1.8 Billion deposit at 3 grams per tonne cut off and the market doesn't notice. I'm assuming the warrant overhang must be keeping it down. This would trade over .70 fully diluted if it were trading at the average of its exploration peers.
348,000 ozs Indicated (1,621,000 tonnes at a grade of 6.68 g/t Au)
838,900 ozs inferred (4,342,000 tonnes at a grade of 6.01 g/t Au)
Incredibly undervalued. All the key elements are there.
Great Management exp with the big companies
Large resource They passed the 1 million oz thresh hold
Great Grades over 6 gpt Thats $350 rock without base metals!
Jurisdiction The best in Canada
Infrastructure Already there
Upside potential to multi million oz property
On going Metalurgy & Economis studies & more drilling
No problems getting financing
This is one of the one in 1000 explorations companies that will become a mine IMO
Greg Romain, President and CEO of Gowest commented, "We are extremely pleased to quantify the substantial increases in the gold resource at the Frankfield East Deposit resulting from our 2010/11 drilling campaigns. As the deposit remains open and unexplored at depth, we are confident that the ongoing drilling program will continue to demonstrate additional gold. We are also very encouraged by the sensitivity analysis completed which clearly demonstrates the robust nature of the deposit and the fact that the majority of the ounces are contained within high- grade structures that minimize potential impacts from fluctuations in gold prices. It is becoming increasingly apparent that the Frankfield East deposit has the characteristics of a multi-million ounce gold deposit."
Whats not to like here? Anyone else have a comment? I think the only problem is time.
Checkmate28
