Investor Relations Repsonse... I would like to once again share information that I received from Investor Relations, namely from Greg Taylor.
First of all I must acknowledge Greg Taylor...his response to my requests have been very timely and very professional in nature...speaks well about the culture at Gowest Gold. I look forward to meeting him some day.
From Greg Taylor:
We should be moving the autoclave from their site later this year, as part of our agreement. Exactly how or when it might be used has not been decided as it was not terribly costly and it provides us with some flexibility in our plans. However, with the GX deal, it is not central to any near term planning.
We’ve had a number of discussions about where we might sell the concentrate but we’re not ready to discuss this in any further detail at this point. Also, if and until the third-party processing deal is finalized, we can’t fully advance any such off-take agreement.
The refractory nature of the ore is primarily a question of cost to process and of the nature of the concentrate, which would generally be sold at a lower price, depending on the buyer, amount etc. There is also talk of building a processing plant in the area to process the millions of ounces of refractory gold that is not currently being mined. Remember, Barrick cut its teeth on refractory ore.
The Autoclave will be purchased and moved to Timmins...long term planning only...not required for the Kidd Mill deal...basically they are picking it up for "scap" pricing...most excellent! Miramar Northern Mining which is located in Yellowknife has ceased operations and requires to rehabilitate their mine site...great timing for Gowest!
Very Important: "We've had a number of discussions about where we might sell the concentrate"
It appears to me that they will more than likely not be involved in further treatment of the concentrate once it leaves the Kidd Mill, Glencore Xstrata Site...financing looks to be in the form of selling the concentrate forward...works for me! I really like this idea...get the financing without further share dilution....we will not see selling of shares to finance the project.
Future planning: Again...more than likely a Mill with the capacity to accept ore from other nearby mining operations for a fee and process their own is on the table...Nice!
I am looking beyond what has happened in the Gold Junior Mining Sector...it is a most crazy time...I have not changed the manner in which I study, analyze and attempt to piece the story together...in my opinion the $.05 share price has put a lot of people "off of the scent"...not digger144!
That is why it is so important to follow a story for years in order to make an educated investment decision based on factual information and events that have or will take place...mitigate the risk as much as possible.
Digger144
P.S. Nice to hear from you Dogwag!