RE:Gowest's NPV!!Look at the company's pre-feasibility study. At $1200 gold (yesterday), the after-tax NPV is $29 million. At $1250 gold (hopefully on Monday), the NPV is $37 million. The market cap is $24 million. The extremely obvious reason why the stock is not moving is that the market cap is closely approaching the NPV. Rational investors are not deploying capital here when there are many projects trading at a tiny fraction of their NPV.
For example, look at PZG. The after-tax NPV of their project (assuming $1250 gold) is $126 million, and current enterprise value is $5 million. Where do you want to put your money: in a stock that is trading at about 4% of its economically defensible value, or in a stock that is trading at 65% of its value?
I too was distracted by the high grades of this project, but grades are just one contributing factor to economic value. You mentioned proving up more resources, but that is pure conjecture at this point.,