GWA.v Trader Financing is the major question but GWA or XST wouldn't be this far without some good company DD in the area. Also, XTA choose GWA as they were the best suiter, largest resource without a mine in the area. Insiders own a lot and have been hitting the open market recently and the last few years. MY thoughts are high grade low CAPEX programs will draw the money with good terms. They cay piece off the 60 mil over time. Xstrada has deep pockets and is benifitting from the agreement. They make cash from a line they were scheduled to close soon as their scraping the bottom past 9000 feet now. Only a few years ago, they spent 120 mil to refurbish it. Community and gov is on board as well for the jobs it provides the area. This is really a great situation as Gowest can rely on Xstrata's experience, employees, and permitting. Gowest can use this as a stepping stone to their own mill as they further drill out the property from CF. MY thoughts are Xstrata will rehab the GWA line and use the concentrate and rich tailings as collateral for a loan to GWA. They will need to find more though but there are options for the good projects.
Answer from IR as to spending the CAPEX ...."the projected $60 million we expect to spend would include (very roughly) about $10 million in refurbishment costs to the Kidd Mill plus $25 million in underground development plus another $5 million for the Feasibility Study, finalizing an agreement with the First Nations, permitting costs, ramp development plus $5 million for infrastructure (roads et al) and G&A plus a $15 million contingency".
