RE:Instant replayMuskokawolf wrote: Well we have been mining and drilling for six months--how long will it be till we run out of cash AGAIN and mothbll the mine---we need income
Staring to wonder if I will live long enough to see the fruit of my investment of 13 years. No one is posting I think many have left our fold, we need rusty back in the cheering section.
Sept 15th press release they gave us these words
Dan Gagnon, President and Chief Executive Officer of Gowest, commented, "These positive initial drill results continue to support our team's expectation that we will be able to expand our current mineable resources and reserves at Bradshaw. At the same time, the mine restart is progressing very well. We remain on target on all fronts, including all production and key infrastructure programs, and anticipate starting the toll milling our ore at the Redstone Mill in the fourth quarter of this year."
Its always been November as the date to start the mill. They are delivering and stacking ore untill they get enough to make it worthwhile to fire it up and keep it running. Still developing underground to achieve a sustainable volume of processable ore.
In the mean time, the sector interest is the worst in 40 years. Tax loss season is here so there could be more selling with no buyers.
They told us to sit on our hands untill Q4. I think, let them do there thing and scold them if they dont deliver on starting the mill in Q4
If theres a good take from Dans words above, it this "These positive initial drill results continue to support our team's expectation that we will be able to expand our current mineable resources and reserves at Bradshaw": The way out here is to see a near term production path to 100K Oz/year with upside.