OTCPK:GWAXF - Post by User
Post by
Gowest-Klondexon May 10, 2011 3:54pm
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Post# 18555844
Agree with checkmate28...
Agree with checkmate28...
..this is a hugely undervalued company and the only reason I can putthat down to, is that no one has heard of them. I only found out aboutthem from Gold report and since have been reading through their factsheet and brouchure every night trying to find holes in the story. Ican't find any! Not only that, what gives me more confidence is theirland purchases in and around Frankfield.
1 million + ounces at 6.5g/t in Timmins at 28million market cap. That's ridiculous in today's market and that's why I've taken a sizeable poistion ( over 50% of my portfolio).
I emailed Rory Quinn in investors relations yesterday and he replied the same day. Regarding the new resource estimate - they would love to get it out in a couple of weeks out, they've got two firms working on it and he feels good about achieving their target. Now is that a target of 1 million ounces or 1 million plus. Let's wait and see but I think we're looking at a 10 bagger here.
If you're interested in other undervalued stories out there, I would also look at Klondex mines: 2 million + @ 10g/t, high grade, new resource out this year, just 33million shares, 110 mil market cap, in Nevada, down the road from Newmont who took out high grade Fronteer Gold this year.
...and also Sandspring Resources. 8 million + @ 0.72 g/t, resource still open, 266 million market cap. Undervalued - end of.
My portfolio:
GWA, KDX, SSP, SQI - will take a position in NES when it drops from its lofty pearch and have a few wage packets in my account.
Good luck everyone!