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Winston Gold Corp C.WGC

Alternate Symbol(s):  WGMCF

Winston Gold Corp. is a Canada-based junior mining company, which is engaged in the process of exploring mining claims. The Company's property portfolio includes Winston Property, Holmes Property and Hard Cash Property. The Winston District Gold Project is situated approximately 18 miles (30 kilometers) southeast of the capital of Helena, and approximately two miles (3.2 kilometers) southwest of the small community of Winston. The Winston Mining District is located 37 kilometers southeast of Helena, Montana. The Company is engaged in the exploration of Holmes leased five unpatented mining claims located in Broadwater County, Montana, United States. It leased the Paradine Mill, which is located in Broadwater County, Montana. The Company’s Hard Cash property consists of nine patented claims covering approximately 166 acres west of Radersburg, Montana, located approximately three kilometers from the Paradine mill.


CSE:WGC - Post by User

Post by JimTown124on Sep 17, 2020 12:54pm
244 Views
Post# 31577015

Dilution

DilutionYes share dilution is ALWAYS a big concern so one has to look at the information at hand and make their guess as to what Winston can deliver and at what stock dilution is acceptable. Carrabba in public blog was speculating that they could be processing 150 tpd at their mill and by mid 2021 produce 25-30 oz per year and future projections that a 43101 for a 1 million ounce reserve and 100k oz per year based on 500-700 tpd production in 2-3 years. Realistic? Everyone is responsible for their own due diligence. Right now they have a mill about 30 miles from the mine site on a county maintained hard surface road and starting to sort ore by grade.  Should see some bulk sampling results in the next few months which will go a long way in supporting his projections. If he is close in his projections is 500 million shares a reasonable price to pay for this investment.  I'm in for the long haul with eyes wide open only venturing what I'm willing to lose.
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