OTCPK:GWAXF - Post by User
Comment by
zentrarianNZon Dec 14, 2016 10:50pm
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Post# 25602221
RE:RE:HRT
RE:RE:HRTYeah, that's right, checkmate. I believe it was you or maybe laroplex who first made the comparison between GWA and HRT. (I take it you prefer GWA as well?...)
Harte's "shortcuts" could be seen either as an ill-advised skirting of the conventional development path, or conversely, skipping some rather costly steps that they think may be unnecessary. But it wouldn't be the first time even much larger miners took a detour to production. (PVG comes to mind.)
My point wasn't to weigh one company against another, though. It was just to point out (mainly to newbies) that they could look at GWA as being on a similar trajectory as HRT. It really doesn't have to be that long from where we are to profitability, if you can accept that earnings will only ramp up gradually.
Personally, I like the low risk-delayed return approach. GWA has a lot more gold in the ground, but it will never see the light of day (at least not on their watch) if they blow it right out of the gate with too much debt.