OTCPK:GWAXF - Post by User
Comment by
checkmate28on Nov 14, 2020 12:13pm
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Post# 31901315
RE:D Day
RE:D Daybabyofbullion I agree with you. Weve gotten the permitting hurdle out of the way. When Gowest shows proof of concept that the final product is sucessfully sorted to higher grades, then roasted to the high 95% recoveries projected in the Feasibility Study, then most current risk will be off.
Gowest will then be an emerging producer, already financed, drilling their resource towards the 2Million ounces and a target for any major looking to expand minable high grade ounces in a prime jurisdiction.
At some point Gowest should make a bid for ownership of the Redstone Mill. It only makes sence and will be needed to attracd any high dollar bid from a major.
One thing to note is that our Gowest permitting news came at a bad time in the market where juniors were selling off with nobody buying anything. This raised cash will be looking for the next new 6 month story and GWA will look cheap with its new risk/reward profile when juniors make the next move.
Checkmate28