RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Gold LOL thanks Tim, had a good chuckle at the bear gall part.
And Its unfortunate as TMAC was trading at $6 a year prior to being sold off for what $1.65 a share? And $11.85 a share before that. Not so unlike what may be the fate here if they cant get this off the ground.
And Gob, I cannot confirm wether this is true or not, only what I've heard from some millwrights that have worked at the project.
Then again, its not like the company is interested in updating investors, so at least its something to chew on in the meantime. I've been through the PFS a few times, but im no geologist or engineer so I didnt bother with the fine tunings or recovery analysis. Was the sample they used in the tests ore that wasnt ACTUALLY from this specific orebody? And could it not be extrapolated that the flotation circuit may be blowing out gold bearing ore as wasterock? I mean, we didnt even get an update on the testing results of the ore sorter did we? Like an actual update and not just Greg saying it works.
Like Trader said, I was always skeptical when this thing had little to no institutional investment. Its nice they had so much insider participation in placements, but frankly there seems to be only one company and an arms length capitalist interested in this. Meanwhile guys like Sprott are throwing around millions and millions at exploration plays. If this was truly as good as we we're led to believe, why is no one interested?
It just seems like they've been all talk the last two years and zero delivery... Its always been about getting more and more money while the operating costs and care and maintenance drain away what they do have. Like tell me that 8m along with the 2m loan isnt enough to get things moving to a point where they can prove without a doubt that its working? Cmon.
Its always a guessing game with these guys.
Next will be an announcement that they're going on a measly little drilling campaign again (as if they havnt defined the strike enough to finally pull a freaking bulk sample).
Then they'll announce another PP, but of course per usual it wont be enough to get them into production and shockingly Greg will be out and about trying to raise big money again. Heck, theres enough money in Timmins to finance this project. Wonder why it hasnt happened yet. Or is Greg too busy trying to hustle the baystreet boys to make his way to the actual mine?
Tim2Agami wrote: Toweringmars wrote: Heard some rumblings around town that they've tried two companies now and cannot separate the gold from the arseneopyrite in any effective recovery manner. Like sub 80% recovery. It killed TMAC when they dealt with that problem. Will be interesting to see if the float circuit at redstone can do any better, or if that's one they've already tried and failed.
Well TMAC has ended up in Chinese hands (or nearly -- a hurdle yet to jump) so maybe that's the fortunate future for GWA as well.
Of course, GWA does not offer the advantage to the People's Republic of China and Xi Jin Ping of acquiring a naval port in the Northwest passage as a bolt-on benefit to state-run (Party controlled) Shandong Gold, an infrastructure worth more than gold (or arseneopyrite).
https://en.sdhjgf.com.cn/about/dong-shi-jian.htm
But I suppose there's always the finest Northern Ontario Bear Gall hunted on the GWA property as a commodity "worth its weight in gold" (even if not refractory)
https://www.nationalgeographic.com/animals/2020/03/chinese-government-promotes-bear-bile-as-coronavirus-covid19-treatment/
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