Value Microcaps Junior Miners

[checkmate28]

GWA.v Gowest Gold .17 Offering incredible value right now. Updated presentation Link below. Current resource is 1.2 million oz Avg 6+gpt from only one resource zone of 750m strike... Go to slide 8 The 1.2 million oz comes from the second area indicated with the 750 meter strike. The 3rd zone out to 900strike/1000m depth and the 4th zone out to 1350 strike are pending results. Im about positive their much deeper then the 1000m. Looks to me like the area has doubled and if you assume there are 2.1 million ounces, then Gowest will be trading at just $10 per ounce in market cap should the official resource be updated as they say soon.

Also from the presentation

2 additional gold resources identified but partially delineated

17 new targets including targets with Frankfield East deposit style signatures


Robust Preliminary Economic Assessment (released November 14, 2011)
• Pre-Tax Net Cash Flow (Assumes US$1,200 / oz gold): $265 million;
• IRR: 23%; Payback: just over 3 years
While this number is not exciting, it shores up greatly with a reasonable price of gold and using an updated resource amount.
I happen to believe in a very conservative resource number of between 3 and 5 million high grade ounces.

They also have a short term contracting option to ship the ore via train and due to the nature of their ore, were able to have an outside company create and test a metallurgy option that creates a 90gpt concentrate to process. This significantly increases the number of ounces they can get processed. They have another tested and simple ore sorting option, again due to the nature of their material, that creates an ore that has 12 - 15gpt gold. Currently their PEA shows 95000 oz/year production without these options. If they get to the 3 to 5 million ounces and are able to process 150k - 200k ounces this will be a nice little company.

They have a proven mgt team and the head of technical services has loaded up on the open market all year 2011 at as much as .36 per share. Nice when someone has faith in their own work.

They are looking for a good fit JV to move this project.

Hard to beat for a 20million market cap right now.
Looks to me like the company is letting their walkin do the talkin because they sure aren't talking much lately.

They will be presenting at PDAC. Got an invite to their lunchin Presentation so I'll have an update and looks like a 3-d model of the resource coming. Got another 30 booths on my list if I can muster that in 3 days.

If anyone replies to this I might not get back for a few days. Heading to Toronto tomorrow aft.

http://www.gowestgold.com/downloads/GWA_Presentation_March_2012.pdf

Checkmate28