GWA Group Ltd V.GWA

RE:RE:RE:RE:RE:RE:Solid News Release !

[Tim2Agami]

Toweringmars wrote: Yeah I wouldnt really say that was a solid release. Absolutely nothing in that release wasnt already disclosed. Other than the fact that they have only recently submitted the plans, which I honestly figured was done a while back when they had the open house? Ore sorter hasnt even fired up yet? We're almost Q4, wasnt that all supposed to be done and shipped to Redstone in Q3? Covid, I get it, but cmon. No talk of relocating the geo building. Raise vent permitting complete? I was under the impression they had started construction already? Financing? Well no shocker there.

All in all I would preffer they focused on getting the bulk sample done, stop playing mine before we're actually ready. I get that planning ahead is necessary, but its the same snake that bit us last time.

And I'm not too fond of mixing predominantly development ore in the bulk sample. Wouldnt you want to come out with a bang and bring on some non foreign investors with deep pockets? Rather than come out with a mediocre number and have to raise capital at a tiny valuation again? At first I was happy that insiders kept taking place in all the placements, but now I feel like theres a small part of them that would rather dilute at low valuations so they can make more themselves. This deposit is worth more than 27 million, why keep lacklustre preformance when you can easily blow the doors off and raise at a 100m valuation? 

There will be an issue in getting the sorter fired up until such time as the engineers and technicians are permitted to cross into the border from the plague epicenter, go through quarantine &c &c and come to Timmins to light the fuse, flip the switch or generally fine tune and calibrate the machine as it fires up. 

Meanwhile the mixure of development ore waiting to be sorted is not such a concern, but rather a good operational test -- when it is run through -- to see if the machine has the smarts and vision to separate the AU from the dross.

In the end, -- if all goes well-  the sorter will spit out only the good stuff  (maybe even with a bang) in a concentrate to send to Redstone... and may even find some overlooked bits in the crushed ROM and stope ore that might otherwise have been missed.

It will be a more stringent test and a good validation of concept. IMOO 
..............

Gowest is commencing the start-up of the ore-sorter in preparation for sorting the mixed development ore currently stockpiled on surface, which will be trucked to Northern Sun’s Redstone Mill for processing. The Redstone Mill operators have advised that they are finalizing the necessary upgrades and that the circuit will be ready to receive the Bradshaw material in a few weeks.

As previously reported, approximately 28,000 tonnes of gold-bearing mixed development ore has been collected and stockpiled on-site from the Company’s ongoing Advanced Exploration Bulk Sample program. The Company also plans to mine approximately 15,000 tonnes of stope ore as part of the bulk sample.