RE:Gowest Gold-Things Finally Moving Forward for Gold DeveloperGreg seems much more confident. And we got a few more answers.
Reasons for delay in ore sorter was waiting for Xray technical person from US slowed by Covid. Should start Ore sorter in next couple weeks and run the on surface development ore. On the back of that, shipping ore to mill by end of Sept and mining the bulk sample stope ore.
Recent $4M raise going to 400k/mth burn, Vent raise to allow for full production later, and get sorter running. Financing looks to be set and he spoke of cleaning up the balance sheet.
7minuite mark There was something else there I picked up on and I think Matthew picked up on it as well. Greg wanted to tell us something but he could not. ...." There are alot of interesting things that are going to happen above and beyond the bulk sample that will be well receiced by the market and make everything alot easier for everyone in general....") Maththew picked up and said intriguing!
Food for thought. What if Gowest was going to do a deal with the Redstone Mill to roll that up into Gowest? Wouldnt that be well received by the market and make everything alot easier for everyone in general. Theres something he wanted to tell us! They always wanted half that mill anyways. Maybe thats why things are taking so long?
Carry on with interview.
Production permit to allow commercial mining 4 to 6 weeks
Says they believe they will produce over 50k OPY run rate at start commercial production
Again at 15:10 Greg says with a smile, "theres interesting things going on and hes looking forward to being on the next segment so he can talk about them".
Then Basically at the 13 min mark, he says he thinks he has that US partner that will fund them thru the sample to production, plus exploration of nearby targets. (My guess? Eric Sprott is on deck to finance when the project is ready) Eric owns the private Jerritt Canyon Mine in Nevada that has combination of mining, custom milling, and custom roasting. Gowest has tested their ore there in the past in they got great recoverys with roasting the refractory. It would be a win win deal) Matthew do you think you found that US partner? Greg Yes I think so, thats what Ive been working on.
Again, Need 20 - $30m to get to production and drill out the other partially delineated targets.
Says after bulk sample, he wants to update the resource and economics with $2000 gold and deliver them to the market.
I thought it was a great interview. Greg seemed much more at ease. I think were almost there.
What do you think? Hearing what Im hearing ?
CM28