Dr Air, GWA I see them chipping away on the Cash needs, while they finish getting shovel ready. Possibly an equity raise or maybe a stream deal like you mentioned. I think they will stay smart about it.
When the bulk sample and feasibility prove up the old numbers or better, I see suitors standing in line to finance GWA. Smart, Low CAPEX, high grade, projects are in favor now.
On the outside chance, somebody might want to come in and JV a 3000 to 5000tpd mine/mill to produce 200k ounces per year from the git go.
Eventually, once Gowest does the hard work, I could see Xstrata Glencore writing a check to buy the Gowest Bradford project.
Whats a 95k oz cash flowing producer with big upside worth with $1500 - $2000 FP gold?
CF has to be $50 mil ... At 10 x CF, thats going to net a MC of $500 million? If along the way, they nearly double the OS to 300 million, that's still 1.66/share future value. Now There should be many other companies able to do this with higher FV gold but for me, this is one I understand very well and most importantly, trust mgt.
On another front, Due to contract obligations, we are going to get some drill results out of their Transition property this summer. Probably paid for by flow through money.
Just my opinions and speculations
Checkmate28
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