GWA Group Ltd V.GWA

RE:News

[checkmate28]

Fred, on the presentation? Dont know how this will transulate to shareholder value but certainly this presentation should be important since its out post conversion, and comes right after the signing of the new CEO Dan.  It did come out timely but tthe key will be how well Gowest follows thru. 

Pre Feas sensibility shows robust profitability even with the base case 40k oz/year thats based off the 277k oz probable reserve.    With  $1,800  gold we get  $108,660,496 NPV  over 8.5 years anD a 71% IRR.  Thats $12.8 Million per year at the base case 

The upside is clear here when taking into concideration that GWA has an official NI43 resource of 1.2 Million oz. resource done several years ago at $1200 gold and a 3gpt cut off.   Since this resource, there have been lots of drilling both infill and at the other targets. With some more infill moving the inferred up to M&I should support 100Oz per year production.  

Copy from the presentation
 Intersected  highest  gold values  to  date  at  the  project  at  155  g/t gold  in  a  new  zone  outside  the  resource
Identified  20  new  gold  zones in bulk  sample  area
Identified  two  new  high-grade  gold  zones north  and  west  of  main deposit

They need to be sucessful  producing underground and build the resource to move the needle big. With drilllng, a new discovery could happen at any time.