OTCPK:GWAXF - Post by User
Post by
babyofbullionon Oct 31, 2020 9:47am
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Post# 31818297
Significantly derisked
Significantly derisked Now the permitting risk is gone I'm looking at other risks and these to me are all acceptable. Am I missing anything big?
1. Financing - we know we need 20-30m USD to get into production, and it's possible that financing comes at some crazy / strange discount to the current share price. With permits in place and a healthy market in gold I can't see this happening.
2. Technical problems when going into full production
3. Issues at the mill getting the recovery rates that are expected
Other things like future exploration not meeting our expectations but at this current share price I think no further discoveries are actually prices in.
I already hold quite a lot of shares and trying to find a reason to not buy more. The only thing holding me back right now is the financing but I think that is going to be good for shareholders based on how upbeat Greg was in the last Crux interview.
How do others feel about adding more to their holdings now?