OTCPK:GWAXF - Post by User
Comment by
Mechadviceon Sep 13, 2017 6:28am
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Post# 26688625
RE:RE:Time to light the GWA fuse!!
RE:RE:Time to light the GWA fuse!!I see much reduced risk now:
1. At 500 meters we are at the ore
2. The autoclave is not required at this time, but will be worked on for later
3. The ore sorter is there to improve the grade but is not a make or break step at this time. If there is a learning curve with this technology we have time
4. There are members of the Gowest management team with a lot of refractory ore knowledge. Some members would be considered experts in this field
5. Milling and floating, which is what will go on at Redstone is low risk and the equipment has been tested and commissioned
6. The management team is heavily invested and will make this work
7. The shareholders appear to be a solid group, with extensive knowledge, and what seems to be some very deep pockets. Strong hands own the shares, so the ship is steady
8. The financing has been done in very smart manner with minimized share dilution and two options for repayment, gold sales or shares
9. This operation is located in Timmins. People will not likely be shot on there way to work or the mine ransacked by some locals upset that they are not part of some corruption ring
things do look good for Gowest from what I can see