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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Comment by oldtimer42on Feb 01, 2012 3:34pm
410 Views
Post# 19475829

RE: Time is Near

RE: Time is Near

Great post Schiff. Factors certainly are lining up in GWYs favor. It is worth noting that in spite of several new announcements, CBJ is range bound. I think the smart money relizes that GWY is far ahead in exploration and drill results, and CBJ does not merit an SP close to GWY. The smart money is moving to GWY.

Things on the mountain are improving. As you mention the Government is much more mining friendly. EOM has been in the dumpster but I understand they will be adding to management, will announce more drill results and will be taking their show on the road. It would not surprise me if the Government gives them access to at least some of the resources above the Paramo line. Batista's infrastucture devcelopment is another bonus as mentioned.

I really like your reserve estimate for Cali, nice and conservative but substantial. Anything above 1.5 is a huge bonus and an additional one million ounces for Vetas is not unreasonable. The SP is firming nicely and ready for a major jump on good results. However, I would once again caution on the time frame for Vetas estimates. It would not surprise me if the date got pushed another quarter. Drilling targets have been fluid there. Cali on the other hand is well planned and structured so information by the end of this quarter should hold. GLTA

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