Mawson West Ltd Ord MWSWF

Galena has secured an option to take a majority position

[aweigh]

for an average cost of about .13 per share but will wait until all the kinks are worked out and solid production numbers start to roll in before doing anything . At that point the Co. won't actually need the proceeds of Galenas PP's @ .15 but Galena may excersice those warrants to pay down the debt owed to Trafigura because there is a lot more money to be made owning the equity vs. owning the debt. If this stock doesn't start to perform after good production #'s come out I suspect Galena will gladly buy the stock at .05 vs. paying .15 and may buy it all the aweigh up to .15 and why not. Kapulo alone will spin off approx US $ 200 Mill net over 6 years which means that the common shareholders 35 % interest is worth $ 70 Million whereas the market is currently valuing it at less than $ 7 million.
Dikulushi, once up an running smoothly, could add millions more in cash available to accrue to common shareholders. I don't see this as being a ten bagger unless they find an additional high grade pod but it certainly could be a 3 to 5 bagger over time and certainly carries far less risk than any exploration play I know of !