OTCPK:GWAXF - Post by User
Post by
dogwagon Jun 09, 2013 12:08pm
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Post# 21505311
FINANCING IS THE KEY????????
FINANCING IS THE KEY???????? Digger,I have read all your posts and in a normal market, this stock would be at 30 cents not 6 cents but the fact that they only have about 1 million in cash and have to raise money at 6 cents is the unknown with this stock.If they can get some sort of financing without diluting the stock too much,that would be ideal or maybe a forward revenue stream based on forward sales of gold but they need close to 100 million dollars to fund the D circuit upgrade,rock sorter ,outoclave,ramp to ore and general accounting and drilling.The financing will be the key to this one ,but at 5 GPT open pit and ramp,this is a great project.The refractory ore is a bit of hinderance but that can be overcome with the outoclave and their project is priced in at $1200.00 gold.IF,IF they can arrange some kind of creative financing and gold recovers over $1600.00 an ounce ,this will be one to watch inthe future.