RE:RE:RE:RE:RE:RE:RE:RE:Harte Gold picked up $40 Million Market cap last 5 daysBvukmanic, No problem at all. Yes, Ive been here a long time. I believed the permabulls (Sprots and such) story of gold cant go lower. All the while it went lower and lower from the $1900 high down to $1040 and stayed down there.
Since I believed the US would have to raise rates and slow down the printing press, I believed gold would have to go up. Instead the morons kept creating the $ liquitity, flooding the system at all costs to keep the general Wall St stock market happy. I kept my bets with Bay Street and lost lots of time watching grass grow. Gowest was pushing forward making progress than lost the 1st mill deal. This killed 2 years worth of time with no revenues other than from the investors and insiders. Lots of dilution!
These explorers got roasted. Its at this point I put GWA on a mental shelf until they got the deal together. Wrong decision. I Had a huge opportunity to sell at .22 pre split but didnt. I hardly posted during this dark time since it was obvious things would take a while. Im more active now because I believe the value here is back.
So here we are now looking at Gowest today. The real Gowest story is about an op and coming Timmins 100,000 oz/yr high grade producer, near $900 AISC with a 1.2 million oz NI43101 resource, 1300M strike length, open on strike and at depth. This resource has not been updated in about 10 years. When updated with more current drill results, this resource will be higher and much higher with more drilling. The land package is 200+sq km with 16 contiqous km of rock that has other partially deliniated targets. Its mostly unexplored because of the overburden causing previous descovery tecniques to be in effective. Today we have the fly over magnetic resonance exploration that sees through the overburden. Gowest has done this and I have seen the results.
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Gowest Gold PEA from NOV 2011 . This was when the ore sorter was just a thought therefore sorter benefits are not included.
Sensitivitys
Substituting Spot Gold Price on November 1, 2011 of $1,720: Pre-tax Net Cash Flow (PNCF): $763 million, https://money.tmx.com/en/quote/GWA/news/46101200 ---------------------------------------------------------------------------------------------------
Gowest is trading at $30 million market cap with 1.2 million high grade ounces in the ground.
Thats $25 per ounce and dirt cheap just for the gold in the ground. No value given to the million spent on feasibility, developing the underground or the fact Gowest is a very near term producer.
Gowest is in the penalty box, and IMO going to trade at over $100M MC once underground.
Theres about $20 Million financing seperates GWA from underground mining.
Heres Bob Moriarty bragging on a property not even paid for
Rokmaster has Gold for $23 an Ounce CAD
Bob Moriarty
https://www.321gold.com/editorials/moriarty/moriarty011321.html
Eric Sprott regularly says gold is worth near $100/ ounce in the ground