Gowest Gold Ltd V.GWA

September 2020 Presentation

[panda14]

September Presentation

[checkmate28]

Been waiting for the Sensitivitys on the Feasibility study. Inpressive numbers Page 7 At $1,800 NPV = $108,660,496 IRR= 71% AT $1,950 NPV = $138,115,490 IRR  96%  Pg 14 of the presentation highlights all the new drilling since the Resource est. Its obvious there is alot of gain to be had in the Resource. With enough new ounces added, the  Feasibility can be updated. This will

[tubgirlkid]

great timing of news release, markets about to fall off a cliff. Hoping gold is spared but probably won't be . Still... Great figures and well layed out presentation. This should at least go down less than everything else

[JMark80]

What news release?

[Traderfan]

@Tubgirl, there was no press release. I don't see how a gold stock like GWA has any real beta to an overall market weakness, it doesn't. Given the "interest" so far today not many seem to be blown away by the presentation. Still better than zero volume right. 

[JMark80]

Those are pre-tax, and were already in the fact sheet.

[JMark80]

Like I said, old news, but can't recall last time I saw a company only release pre-tax valuations. Deduct ~40% for tax.

[checkmate28]

JMark,  The tax is only on the profits so wont be near 40%. Wouldnt be surprised if they dont have carry forward losses that would negate any taxes.   Additionally, with all the extra costs 1st year there not going to show any net profit.  Just wondering where your coming from. 96% pretax IRR is outstanding. I asked them to get those sensitivitys posted and to post any info

[JMark80]

Look at pre/post tax valuations from other companies, always 35-40%. High IRR because the capex is miniscule. Exchange rate is realistic. Longer mine life is important but more important is to increase annual production. I like the project, it's small but the numbers work. I like quite a few though, and curious what could go wrong?

[Traderfan]

This is like a dejavu all over with the permits. People saying they will be here any minute and month after month after years go by and nothing. Kinda reminds me on that other nightmare where we have been waiting for imminent permits since 2017 and still nothing yet.

[Toweringmars]

To add to that Dejavu, isnt it interesting that they're working on infrastructure to be able to 'seamlessly' transition into production after. You know, considering we dont seem to have enough money to get things done right now, and after they pulled this same move last time and ran out of money. Running before they even walk. I just cant believe how silent they've been lately

[Traderfan]

Everything is so odd here from the minute I entered this investment lol. The CEO said in the interview a few months ago that he will gladly be more open to the public and then we got months of complete silence. It would be comical if I didn't have a good amount of money in here. Now they can't get the permit, I can already see it, we all will be sitting here next march wondering where the

[xoleSudsburian0]

Silence is golden ... so they say.

[JMark80]

Want news!

[Toweringmars]

Well, it might not be the news you want, but they're no longer in their geological building. Not sure where they moved all the cores but the building sold and there's no more signs or trucks there.

[Traderfan]

What could be the reason for that?

[GOBOGOH]

Traderfan, No big deal - they moved because the building was being sold(as I recall).   There should be a little hustle and bustle taking place at GWA - I was just wondering if Towering had noticed anything.

[GoNorth]

GoWest relocated there office next to the beer store on Algonquin.Won't have far to go to puchase their beer for when its time to celebrate.I hear they are getting their permit this week.

[checkmate28]

GoNorth, The most important comment written in a few days and it looks like it flew over everyones head.   You Said  " I hear they are getting their permit this week."    Sounds like your serious and that your a local. Did you hear it from a good source and are you believing it? 

[babyofbullion]

Yes, but Greg already told us in the most recent Crux interview that we will get the mill permit in mid September. 1-10 early September 11-20 mid September 21-30 late september There was probably a meeting already planned for between 11-20 September when the decision was due to be made. Greg sounded extremely confident and to me it seemed he was in very good spirits in comparisson to

[GoNorth]

Looks like you received your answer this morning.Yes I am local 

[Traderfan]

Ok thx for clarification Gobogoh. Where are the permits? :-) 

[Tim2Agami]

What (and how many) permits are currently anticipated? Are they for Bradshaw or Redstone? Or both. It would seem a responsible government move to expedite the permitting process so that production, leading to the forementioned tax revenues, would start streaming cash in to replenish the very hollow sounding and COVID depleted coffers of the Queen. But ah... the excuses that COVID afFords an

[GOBOGOH]

Traderfan, The process for getting permits is interesting and complicated.  I mean, you have to get all the stakeholders on board, get agreement on the impact/benefits, get mutliple for environmental approvals, air, water, etc., etc,, etc.,  Once you get all these then and the Gov't is satisfied that all the due diligence is done and the stakeholders have been heard and agreements

[Toweringmars]

Hey Gob, I have not noticed the hustle and bustle but to be fair they arent on my radar that much these days. Maybe ill take a drive out to Redstone this weekend on the hunt for some birds. 

[GOBOGOH]

Towering, I think they are digging a new tailing pond for the GWA ore.  Don't fall into it!

[xoleSudsburian0]

Forget Redstone, No Turkeys there to hunt.  You'll have to do your hunting south at 400-80 Richmond St W, Toronto