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Great Western Share Price - GWMO

Share Name Share Symbol Market Type Share ISIN Share Description
Great Western LSE:GWMO London Ordinary Share IE00B1FR8863 ORD EUR0.01
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.02 +3.28% 0.63 0.60 0.66 0.63 0.61 0.61 927,099 08:25:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Mining 0.0 -0.0 -0.0 - 1.67

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DateSubject
18/3/2015
12:28
domple: Don't have to be a rocket scientist to realise that this is a major major bit of information. A strike on the plume will give GWMO share price meteor style rise!!
25/8/2015
15:11
domple: It is not the usual, "we don't know of any reason for the share price movement" rns. It says "specific reason". It also says, which again is not usual, that all price sensitive information has already been released. The clues are in the RNS. When David Fraser went on TipTv last year, he said he couldn't understand the reason why the then share price (.94p)/market cap (£2.5 million) was so low given the findings then known. The share price has dropped significantly since then but has picked up quickly recently. Since then (OCt 2014), there have been several more RNSs with even greater news, the last of which in July 2015 regarding M2, of significance. This has improved on what DF said was a large copper district with copper alone worth possibly hundreds of millions of dollars for one prospect only and that there were FOUR prospects. That did not include gold! I believe the Board in today's RNS were simply seeking to distance themselves from any accusation of leaking price sensitive information, as some posters keep saying they know such news is about to be released. Unhelpful!! It does bode well for GWMO though as they have been releasing excellent news and no-one seems to have picked up on it. Also, people saying it's no where near a road structure. WRONG for 2 reasons: first, the main highway is about 30 miles away with good secondary roads and second, there are plans to refine the copper on site, making transport less of an issue! Nevada is in one of the top mining areas in the world. The area was initially mined by one-man-bands about 100 years or so ago. Mining techniques have changed immensely making it easier to extract the copper, silver, gold etc. If more news is around the corner, then, as DF said, it could be "ball out of the park" time. It is a punt but with all that potential copper, silver and gold, why not give it a punt? The share price will be volatile given that the market cap could multi bag at any moment.
01/10/2014
17:38
yorgi: For anyone who has not seen this post from work done by Geology Student : h2owater 5 May'14 - 09:11 - 5 of 8 0 0 From LSE: Geology Student GWMO BULL CASE! A LONG READFri 21:58I tried to post this on the advfn site but I got cut off due to word-limit imposed. Anyways lets begin: BRIEF INTRODUCTION: GWMO is a junior exploration company with claims in Nevada; located in the region called Mineral County. It is embarking on a 30 RC drill hole program (Phase 2) to measure the extent of copper mineralisation in 2 of its plot: M2 and Target 4. The company is fully funded with a £800,000 and £1,500,000 placing for the plots respectively earlier on this year with drilling commencement in March. The directors have stated they aim to establish a JORC on M2 by end of H1 followed by a JORC on Target 4 later on in the year. Below, I have compiled a complete summary of the research I have conducted: PHASE 1 DRILLING CAMPAIGN ON M2 2013: Last year, GWMO undertook a Phase 1 drilling campaign. The drilling campaign involved drilling 9 holes in M2 - stretch of land that extends 1km in length - of which 2 holes yielded 0.84% and 1.13% Cu at M2-005 and M2-004. The drill program involved creating 4 'cuts'. In other words, drilling in 4 specific locations. They were allocated as such: (1) Cut 1: M2-001 and M2-002 (2) Cut 2: M2-006, M2-007, M2-008, M2-009 (3) Cut 3: M2-004 and M2-005 (4) Cut 4: M2-003. One can deduce that the geology team prioritised Cut 2 as to the shear number of holes they dug in that region. Their judgement in doing so was misguided. The results yielded from Cut 2 were abysmal (0.05% Cu) as exemplified by the collapse in share price at the time. Nevertheless, Cut 3 results were promising providing exceptional grades of copper 0.84-1.1% (M2-004 and M2-005). Last years operation was Phase 1 thus the main ambition was to discover an area that was most prospective for copper. The team had the ability to drill holes up 550 feet deep. They chose to do this on M2-001 but decided against it on the remaining 8 holes - probably too costly? The hole M2-005 was dug 170 feet before termination; between the 140 to 170 feet interval existed 0.84% Cu. The hole M2-004 discovered 1.1% Cu at between intervals 20 to 50 feet. Both these holes had shared the same surface penetration point; M2-005 was drilled vertically and M2-004 on a 45 degree tilt. It is my educated belief that the geology team will now pursue the region in close proximity to Cut 3 (M2-004 and M2-005). TARGET 4 ASSET VALUE + ESTIMATED ANNUAL PROFITS: : The Target 4 plot has 62,850 tonnes of Cu at the lowest estimate and 1,803,750 tonnes of Cu at the highest estimate, in the form of oxides and sulphides. This equates to the assets in the plot being worth: £250,000,000 - £7,000,000,000. If we are to sustain a mine life of 20+ years, providing we hit the lowest estimate, we will mine 2,560 tonnes/day. This equates to 2.56 x 10^6 kg/day. At a 0.4% Cu grade, we will be able to mine ~1 x 10^4 kg of Cu/day (2.56 x 10^6 *0.004). If the mine is open 300 days a year, we will mine Ans*300= 3 x 10^6 kg Cu/year. At current prices of £3.93/ton, I'm estimating a revenue of £12,000,000. As we are drilling deep, our average expenditure cost will be £3.27/ton leaving an annual profit of £2,000,000. Not that much eh? Now let's perform the calculation on our upper estimate using the same approach. We have 1,800,000 tonnes of Cu and in order to sustain a long life mine, we can mine 67,000 tonnes/day. This equates to 6.7 x 10^7 kg/day. At a 0.4% Cu grade, we will be able to mine 2.6 x 10^6 kg of Cu/day (6.7 x 10^7 *0.004). If we are to mine 300 days a year, we will extract 8 x 10^8 kg Cu/year (Ans*300). Consequently, we will generate an annual revenue of £320,000,000 accompanied by £54,000,000 profit after operational costs. M2 ASSET VALUE + ESTIMATED ANNUAL PROFITS: My calculations on M2 are more speculative as GWMO have not yet disclosed the estimated copper tonnage. Notwishstanding, I will attempt to generate a value based on information in the public domain. I know that mineralisation extends across a volume of up to 40 million m^3 in M2 (1200m x 120m x 300m). Not all of this will possess 0.2%+ Cu (cut-off point). Hypothetically, say that 30% of the volume of rock contains 0.2% Cu. my calculations amount to 7.2 x 10^7 kg of pure Cu. This is worth £290,000,000 before drilling expenses. We know that M2 also has 1% Cu. Just say the average grade of Cu extracted is 0.5% and not 0.2%, M2 would be worth: £725,000,000. If we are to maintain a mine life of 20+ years, using the same approach, we will generate an annual profit of £6,000,000 from the M2 alone. TARGET 4 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: Pumpkin Hollow a Nevada Copper-owned mine is stationed in Nevada also. They have 2 operations: Stage 1 and Stage 2. The Stage 2 operation in the Pumpkin Hollow is similar to that of Target 4 in the sense it will be open-pit (as well as M2). The proven and probably reserves of Cu in Stage 2 Pumpkin Hollow is at 4.1 billion pounds. The upper estimate of the GW Target 4 is approx. 3.5 billion pounds. I believe this is a bit optimistic as it requires an average grade of 0.7%. If we achieve 0.4% Cu, the more realistic upper estimate is 2.2 billion pounds of Cu. Pumpkin Hollow have established the annual operating cash flow in the Stage 2 AND Stage 1 projects will be £300,000,000 under the condition they mine 76,500 tonnes/day. GWMO Target 4 is smaller in size. Just say the infrastructure GWMO have, enables them to mine 30,000 tonnes/day in Target 4, we could have an annual operating cash flow of £120,000,000 providing we hit our upper estimate. In the event we only hit 25% of our upper estimate that I've proposed (550 million pounds of Cu), our infrastructure will be of a much smaller scale as otherwise it would be superfluous. Just say we mine 7,500 tonnes/ day if such an event does occur, our annual operating cash flow in Target 4 would still be £30,000,000 on Target 4. M2 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: If I use what I believe to be the speculative M2 asset value of £725,000,000, hence holds 400,000,000lbs of Cu, we can mine 5,500 tonnes/day. Applying the same calculations, we can obtain an annual operating cash flow of £22,000,000 on the M2 plot. ESTIMATED MARKET CAP: If assets are a reliable indicator for market cap thus use Nevada Copper-owned Pumpkin Hollow as a reference, we can loosely deduce the market cap of GWMO. Nevada Copper is sitting on £11billion worth of copper and has a market cap of £90 million currently. If GWMO achieve the upper estimate I proposed for Target 4 (2.2 billion pounds of Cu) in addition to the 400 million pounds of Cu in M2 I conservatively calculate, we will have market cap of £45 million (share price:~16.9p). If we manage to hit 25% of the estimate for Target 4 in addition to the aforementioned M2 estimate, a market cap of £18 million (SP: ~6.75p) may follow. CONCLUSION: As I write this, the current market cap of GWMO is sitting at £2.8 million with a share price of 1.05p. I believe this share has the greatest potential of any mining stock in the AIM market. Not only that, the drill assays for the first 10 holes will be announced in the coming days. With the JORC only months ago, I believe this is the right time to invest in this share. But as always, do your own research.
26/9/2014
09:48
yorgi: For anyone who has not seen this before they might find it interesting. It was written earlier in the year by Geology Student a poster from LSE and copied on another BB by H2owater.......worth a read. From LSE: Geology Student GWMO BULL CASE! A LONG READFri 21:58I tried to post this on the advfn site but I got cut off due to word-limit imposed. Anyways lets begin: BRIEF INTRODUCTION: GWMO is a junior exploration company with claims in Nevada; located in the region called Mineral County. It is embarking on a 30 RC drill hole program (Phase 2) to measure the extent of copper mineralisation in 2 of its plot: M2 and Target 4. The company is fully funded with a £800,000 and £1,500,000 placing for the plots respectively earlier on this year with drilling commencement in March. The directors have stated they aim to establish a JORC on M2 by end of H1 followed by a JORC on Target 4 later on in the year. Below, I have compiled a complete summary of the research I have conducted: PHASE 1 DRILLING CAMPAIGN ON M2 2013: Last year, GWMO undertook a Phase 1 drilling campaign. The drilling campaign involved drilling 9 holes in M2 - stretch of land that extends 1km in length - of which 2 holes yielded 0.84% and 1.13% Cu at M2-005 and M2-004. The drill program involved creating 4 'cuts'. In other words, drilling in 4 specific locations. They were allocated as such: (1) Cut 1: M2-001 and M2-002 (2) Cut 2: M2-006, M2-007, M2-008, M2-009 (3) Cut 3: M2-004 and M2-005 (4) Cut 4: M2-003. One can deduce that the geology team prioritised Cut 2 as to the shear number of holes they dug in that region. Their judgement in doing so was misguided. The results yielded from Cut 2 were abysmal (0.05% Cu) as exemplified by the collapse in share price at the time. Nevertheless, Cut 3 results were promising providing exceptional grades of copper 0.84-1.1% (M2-004 and M2-005). Last years operation was Phase 1 thus the main ambition was to discover an area that was most prospective for copper. The team had the ability to drill holes up 550 feet deep. They chose to do this on M2-001 but decided against it on the remaining 8 holes - probably too costly? The hole M2-005 was dug 170 feet before termination; between the 140 to 170 feet interval existed 0.84% Cu. The hole M2-004 discovered 1.1% Cu at between intervals 20 to 50 feet. Both these holes had shared the same surface penetration point; M2-005 was drilled vertically and M2-004 on a 45 degree tilt. It is my educated belief that the geology team will now pursue the region in close proximity to Cut 3 (M2-004 and M2-005). TARGET 4 ASSET VALUE + ESTIMATED ANNUAL PROFITS: : The Target 4 plot has 62,850 tonnes of Cu at the lowest estimate and 1,803,750 tonnes of Cu at the highest estimate, in the form of oxides and sulphides. This equates to the assets in the plot being worth: £250,000,000 - £7,000,000,000. If we are to sustain a mine life of 20+ years, providing we hit the lowest estimate, we will mine 2,560 tonnes/day. This equates to 2.56 x 10^6 kg/day. At a 0.4% Cu grade, we will be able to mine ~1 x 10^4 kg of Cu/day (2.56 x 10^6 *0.004). If the mine is open 300 days a year, we will mine Ans*300= 3 x 10^6 kg Cu/year. At current prices of £3.93/ton, I'm estimating a revenue of £12,000,000. As we are drilling deep, our average expenditure cost will be £3.27/ton leaving an annual profit of £2,000,000. Not that much eh? Now let's perform the calculation on our upper estimate using the same approach. We have 1,800,000 tonnes of Cu and in order to sustain a long life mine, we can mine 67,000 tonnes/day. This equates to 6.7 x 10^7 kg/day. At a 0.4% Cu grade, we will be able to mine 2.6 x 10^6 kg of Cu/day (6.7 x 10^7 *0.004). If we are to mine 300 days a year, we will extract 8 x 10^8 kg Cu/year (Ans*300). Consequently, we will generate an annual revenue of £320,000,000 accompanied by £54,000,000 profit after operational costs. M2 ASSET VALUE + ESTIMATED ANNUAL PROFITS: My calculations on M2 are more speculative as GWMO have not yet disclosed the estimated copper tonnage. Notwishstanding, I will attempt to generate a value based on information in the public domain. I know that mineralisation extends across a volume of up to 40 million m^3 in M2 (1200m x 120m x 300m). Not all of this will possess 0.2%+ Cu (cut-off point). Hypothetically, say that 30% of the volume of rock contains 0.2% Cu. my calculations amount to 7.2 x 10^7 kg of pure Cu. This is worth £290,000,000 before drilling expenses. We know that M2 also has 1% Cu. Just say the average grade of Cu extracted is 0.5% and not 0.2%, M2 would be worth: £725,000,000. If we are to maintain a mine life of 20+ years, using the same approach, we will generate an annual profit of £6,000,000 from the M2 alone. TARGET 4 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: Pumpkin Hollow a Nevada Copper-owned mine is stationed in Nevada also. They have 2 operations: Stage 1 and Stage 2. The Stage 2 operation in the Pumpkin Hollow is similar to that of Target 4 in the sense it will be open-pit (as well as M2). The proven and probably reserves of Cu in Stage 2 Pumpkin Hollow is at 4.1 billion pounds. The upper estimate of the GW Target 4 is approx. 3.5 billion pounds. I believe this is a bit optimistic as it requires an average grade of 0.7%. If we achieve 0.4% Cu, the more realistic upper estimate is 2.2 billion pounds of Cu. Pumpkin Hollow have established the annual operating cash flow in the Stage 2 AND Stage 1 projects will be £300,000,000 under the condition they mine 76,500 tonnes/day. GWMO Target 4 is smaller in size. Just say the infrastructure GWMO have, enables them to mine 30,000 tonnes/day in Target 4, we could have an annual operating cash flow of £120,000,000 providing we hit our upper estimate. In the event we only hit 25% of our upper estimate that I've proposed (550 million pounds of Cu), our infrastructure will be of a much smaller scale as otherwise it would be superfluous. Just say we mine 7,500 tonnes/ day if such an event does occur, our annual operating cash flow in Target 4 would still be £30,000,000 on Target 4. M2 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: If I use what I believe to be the speculative M2 asset value of £725,000,000, hence holds 400,000,000lbs of Cu, we can mine 5,500 tonnes/day. Applying the same calculations, we can obtain an annual operating cash flow of £22,000,000 on the M2 plot. ESTIMATED MARKET CAP: If assets are a reliable indicator for market cap thus use Nevada Copper-owned Pumpkin Hollow as a reference, we can loosely deduce the market cap of GWMO. Nevada Copper is sitting on £11billion worth of copper and has a market cap of £90 million currently. If GWMO achieve the upper estimate I proposed for Target 4 (2.2 billion pounds of Cu) in addition to the 400 million pounds of Cu in M2 I conservatively calculate, we will have market cap of £45 million (share price:~16.9p). If we manage to hit 25% of the estimate for Target 4 in addition to the aforementioned M2 estimate, a market cap of £18 million (SP: ~6.75p) may follow. CONCLUSION: As I write this, the current market cap of GWMO is sitting at £2.8 million with a share price of 1.05p. I believe this share has the greatest potential of any mining stock in the AIM market. Not only that, the drill assays for the first 10 holes will be announced in the coming days. With the JORC only months ago, I believe this is the right time to invest in this share. But as always, do your own research.
05/5/2014
09:11
h2owater: From LSE: Geology Student GWMO BULL CASE! A LONG READFri 21:58I tried to post this on the advfn site but I got cut off due to word-limit imposed. Anyways lets begin: BRIEF INTRODUCTION: GWMO is a junior exploration company with claims in Nevada; located in the region called Mineral County. It is embarking on a 30 RC drill hole program (Phase 2) to measure the extent of copper mineralisation in 2 of its plot: M2 and Target 4. The company is fully funded with a £800,000 and £1,500,000 placing for the plots respectively earlier on this year with drilling commencement in March. The directors have stated they aim to establish a JORC on M2 by end of H1 followed by a JORC on Target 4 later on in the year. Below, I have compiled a complete summary of the research I have conducted: PHASE 1 DRILLING CAMPAIGN ON M2 2013: Last year, GWMO undertook a Phase 1 drilling campaign. The drilling campaign involved drilling 9 holes in M2 - stretch of land that extends 1km in length - of which 2 holes yielded 0.84% and 1.13% Cu at M2-005 and M2-004. The drill program involved creating 4 'cuts'. In other words, drilling in 4 specific locations. They were allocated as such: (1) Cut 1: M2-001 and M2-002 (2) Cut 2: M2-006, M2-007, M2-008, M2-009 (3) Cut 3: M2-004 and M2-005 (4) Cut 4: M2-003. One can deduce that the geology team prioritised Cut 2 as to the shear number of holes they dug in that region. Their judgement in doing so was misguided. The results yielded from Cut 2 were abysmal (0.05% Cu) as exemplified by the collapse in share price at the time. Nevertheless, Cut 3 results were promising providing exceptional grades of copper 0.84-1.1% (M2-004 and M2-005). Last years operation was Phase 1 thus the main ambition was to discover an area that was most prospective for copper. The team had the ability to drill holes up 550 feet deep. They chose to do this on M2-001 but decided against it on the remaining 8 holes - probably too costly? The hole M2-005 was dug 170 feet before termination; between the 140 to 170 feet interval existed 0.84% Cu. The hole M2-004 discovered 1.1% Cu at between intervals 20 to 50 feet. Both these holes had shared the same surface penetration point; M2-005 was drilled vertically and M2-004 on a 45 degree tilt. It is my educated belief that the geology team will now pursue the region in close proximity to Cut 3 (M2-004 and M2-005). TARGET 4 ASSET VALUE + ESTIMATED ANNUAL PROFITS: : The Target 4 plot has 62,850 tonnes of Cu at the lowest estimate and 1,803,750 tonnes of Cu at the highest estimate, in the form of oxides and sulphides. This equates to the assets in the plot being worth: £250,000,000 - £7,000,000,000. If we are to sustain a mine life of 20+ years, providing we hit the lowest estimate, we will mine 2,560 tonnes/day. This equates to 2.56 x 10^6 kg/day. At a 0.4% Cu grade, we will be able to mine ~1 x 10^4 kg of Cu/day (2.56 x 10^6 *0.004). If the mine is open 300 days a year, we will mine Ans*300= 3 x 10^6 kg Cu/year. At current prices of £3.93/ton, I'm estimating a revenue of £12,000,000. As we are drilling deep, our average expenditure cost will be £3.27/ton leaving an annual profit of ¬£2,000,000. Not that much eh? Now let's perform the calculation on our upper estimate using the same approach. We have 1,800,000 tonnes of Cu and in order to sustain a long life mine, we can mine 67,000 tonnes/day. This equates to 6.7 x 10^7 kg/day. At a 0.4% Cu grade, we will be able to mine 2.6 x 10^6 kg of Cu/day (6.7 x 10^7 *0.004). If we are to mine 300 days a year, we will extract 8 x 10^8 kg Cu/year (Ans*300). Consequently, we will generate an annual revenue of £320,000,000 accompanied by £54,000,000 profit after operational costs. M2 ASSET VALUE + ESTIMATED ANNUAL PROFITS: My calculations on M2 are more speculative as GWMO have not yet disclosed the estimated copper tonnage. Notwishstanding, I will attempt to generate a value based on information in the public domain. I know that mineralisation extends across a volume of up to 40 million m^3 in M2 (1200m x 120m x 300m). Not all of this will possess 0.2%+ Cu (cut-off point). Hypothetically, say that 30% of the volume of rock contains 0.2% Cu. my calculations amount to 7.2 x 10^7 kg of pure Cu. This is worth £290,000,000 before drilling expenses. We know that M2 also has 1% Cu. Just say the average grade of Cu extracted is 0.5% and not 0.2%, M2 would be worth: £725,000,000. If we are to maintain a mine life of 20+ years, using the same approach, we will generate an annual profit of £6,000,000 from the M2 alone. TARGET 4 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: Pumpkin Hollow a Nevada Copper-owned mine is stationed in Nevada also. They have 2 operations: Stage 1 and Stage 2. The Stage 2 operation in the Pumpkin Hollow is similar to that of Target 4 in the sense it will be open-pit (as well as M2). The proven and probably reserves of Cu in Stage 2 Pumpkin Hollow is at 4.1 billion pounds. The upper estimate of the GW Target 4 is approx. 3.5 billion pounds. I believe this is a bit optimistic as it requires an average grade of 0.7%. If we achieve 0.4% Cu, the more realistic upper estimate is 2.2 billion pounds of Cu. Pumpkin Hollow have established the annual operating cash flow in the Stage 2 AND Stage 1 projects will be £300,000,000 under the condition they mine 76,500 tonnes/day. GWMO Target 4 is smaller in size. Just say the infrastructure GWMO have, enables them to mine 30,000 tonnes/day in Target 4, we could have an annual operating cash flow of £120,000,000 providing we hit our upper estimate. In the event we only hit 25% of our upper estimate that I've proposed (550 million pounds of Cu), our infrastructure will be of a much smaller scale as otherwise it would be superfluous. Just say we mine 7,500 tonnes/ day if such an event does occur, our annual operating cash flow in Target 4 would still be £30,000,000 on Target 4. M2 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: If I use what I believe to be the speculative M2 asset value of £725,000,000, hence holds 400,000,000lbs of Cu, we can mine 5,500 tonnes/day. Applying the same calculations, we can obtain an annual operating cash flow of £22,000,000 on the M2 plot. ESTIMATED MARKET CAP: If assets are a reliable indicator for market cap thus use Nevada Copper-owned Pumpkin Hollow as a reference, we can loosely deduce the market cap of GWMO. Nevada Copper is sitting on £11billion worth of copper and has a market cap of ¬£90 million currently. If GWMO achieve the upper estimate I proposed for Target 4 (2.2 billion pounds of Cu) in addition to the 400 million pounds of Cu in M2 I conservatively calculate, we will have market cap of £45 million (share price:~16.9p). If we manage to hit 25% of the estimate for Target 4 in addition to the aforementioned M2 estimate, a market cap of £18 million (SP: ~6.75p) may follow. CONCLUSION: As I write this, the current market cap of GWMO is sitting at £2.8 million with a share price of 1.05p. I believe this share has the greatest potential of any mining stock in the AIM market. Not only that, the drill assays for the first 10 holes will be announced in the coming days. With the JORC only months ago, I believe this is the right time to invest in this share. But as always, do your own research.
05/5/2014
17:53
lilaclily: GWMO is a junior exploration company with claims in Nevada; located in the region called Mineral County. It is embarking on a 30 RC drill hole program (Phase 2) to measure the extent of copper mineralisation in 2 of its plot: M2 and Target 4. The company is fully funded with a £800,000 and £1,500,000 placing for the plots respectively earlier on this year with drilling commencement in March. The directors have stated they aim to establish a JORC on M2 by end of H1 followed by a JORC on Target 4 later on in the year. Below, I have compiled a complete summary of the research I have conducted: PHASE 1 DRILLING CAMPAIGN ON M2 2013: Last year, GWMO undertook a Phase 1 drilling campaign. The drilling campaign involved drilling 9 holes in M2 - stretch of land that extends 1km in length - of which 2 holes yielded 0.84% and 1.13% Cu at M2-005 and M2-004. The drill program involved creating 4 'cuts'. In other words, drilling in 4 specific locations. They were allocated as such: (1) Cut 1: M2-001 and M2-002 (2) Cut 2: M2-006, M2-007, M2-008, M2-009 (3) Cut 3: M2-004 and M2-005 (4) Cut 4: M2-003. One can deduce that the geology team prioritised Cut 2 as to the shear number of holes they dug in that region. Their judgement in doing so was misguided. The results yielded from Cut 2 were abysmal (0.05% Cu) as exemplified by the collapse in share price at the time. Nevertheless, Cut 3 results were promising providing exceptional grades of copper 0.84-1.1% (M2-004 and M2-005). Last years operation was Phase 1 thus the main ambition was to discover an area that was most prospective for copper. The team had the ability to drill holes up 550 feet deep. They chose to do this on M2-001 but decided against it on the remaining 8 holes - probably too costly? The hole M2-005 was dug 170 feet before termination; between the 140 to 170 feet interval existed 0.84% Cu. The hole M2-004 discovered 1.1% Cu at between intervals 20 to 50 feet. Both these holes had shared the same surface penetration point; M2-005 was drilled vertically and M2-004 on a 45 degree tilt. It is my educated belief that the geology team will now pursue the region in close proximity to Cut 3 (M2-004 and M2-005). TARGET 4 ASSET VALUE + ESTIMATED ANNUAL PROFITS: : The Target 4 plot has 62,850 tonnes of Cu at the lowest estimate and 1,803,750 tonnes of Cu at the highest estimate, in the form of oxides and sulphides. This equates to the assets in the plot being worth: £250,000,000 - £7,000,000,000. If we are to sustain a mine life of 20+ years, providing we hit the lowest estimate, we will mine 2,560 tonnes/day. This equates to 2.56 x 10^6 kg/day. At a 0.4% Cu grade, we will be able to mine ~1 x 10^4 kg of Cu/day (2.56 x 10^6 *0.004). If the mine is open 300 days a year, we will mine Ans*300= 3 x 10^6 kg Cu/year. At current prices of £3.93/ton, I'm estimating a revenue of £12,000,000. As we are drilling deep, our average expenditure cost will be £3.27/ton leaving an annual profit of ¬£2,000,000. Not that much eh? Now let's perform the calculation on our upper estimate using the same approach. We have 1,800,000 tonnes of Cu and in order to sustain a long life mine, we can mine 67,000 tonnes/day. This equates to 6.7 x 10^7 kg/day. At a 0.4% Cu grade, we will be able to mine 2.6 x 10^6 kg of Cu/day (6.7 x 10^7 *0.004). If we are to mine 300 days a year, we will extract 8 x 10^8 kg Cu/year (Ans*300). Consequently, we will generate an annual revenue of £320,000,000 accompanied by £54,000,000 profit after operational costs. M2 ASSET VALUE + ESTIMATED ANNUAL PROFITS: My calculations on M2 are more speculative as GWMO have not yet disclosed the estimated copper tonnage. Notwishstanding, I will attempt to generate a value based on information in the public domain. I know that mineralisation extends across a volume of up to 40 million m^3 in M2 (1200m x 120m x 300m). Not all of this will possess 0.2%+ Cu (cut-off point). Hypothetically, say that 30% of the volume of rock contains 0.2% Cu. my calculations amount to 7.2 x 10^7 kg of pure Cu. This is worth £290,000,000 before drilling expenses. We know that M2 also has 1% Cu. Just say the average grade of Cu extracted is 0.5% and not 0.2%, M2 would be worth: £725,000,000. If we are to maintain a mine life of 20+ years, using the same approach, we will generate an annual profit of £6,000,000 from the M2 alone. TARGET 4 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: Pumpkin Hollow a Nevada Copper-owned mine is stationed in Nevada also. They have 2 operations: Stage 1 and Stage 2. The Stage 2 operation in the Pumpkin Hollow is similar to that of Target 4 in the sense it will be open-pit (as well as M2). The proven and probably reserves of Cu in Stage 2 Pumpkin Hollow is at 4.1 billion pounds. The upper estimate of the GW Target 4 is approx. 3.5 billion pounds. I believe this is a bit optimistic as it requires an average grade of 0.7%. If we achieve 0.4% Cu, the more realistic upper estimate is 2.2 billion pounds of Cu. Pumpkin Hollow have established the annual operating cash flow in the Stage 2 AND Stage 1 projects will be £300,000,000 under the condition they mine 76,500 tonnes/day. GWMO Target 4 is smaller in size. Just say the infrastructure GWMO have, enables them to mine 30,000 tonnes/day in Target 4, we could have an annual operating cash flow of £120,000,000 providing we hit our upper estimate. In the event we only hit 25% of our upper estimate that I've proposed (550 million pounds of Cu), our infrastructure will be of a much smaller scale as otherwise it would be superfluous. Just say we mine 7,500 tonnes/ day if such an event does occur, our annual operating cash flow in Target 4 would still be £30,000,000 on Target 4. M2 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: If I use what I believe to be the speculative M2 asset value of £725,000,000, hence holds 400,000,000lbs of Cu, we can mine 5,500 tonnes/day. Applying the same calculations, we can obtain an annual operating cash flow of £22,000,000 on the M2 plot. ESTIMATED MARKET CAP: If assets are a reliable indicator for market cap thus use Nevada Copper-owned Pumpkin Hollow as a reference, we can loosely deduce the market cap of GWMO. Nevada Copper is sitting on £11billion worth of copper and has a market cap of ¬£90 million currently. If GWMO achieve the upper estimate I proposed for Target 4 (2.2 billion pounds of Cu) in addition to the 400 million pounds of Cu in M2 I conservatively calculate, we will have market cap of £45 million (share price:~16.9p). If we manage to hit 25% of the estimate for Target 4 in addition to the aforementioned M2 estimate, a market cap of £18 million (SP: ~6.75p) may follow. CONCLUSION: As I write this, the current market cap of GWMO is sitting at £2.8 million with a share price of 1.05p. I believe this share has the greatest potential of any mining stock in the AIM market. Not only that, the drill assays for the first 10 holes will be announced in the coming days. With the JORC only months ago, I believe this is the right time to invest in this share. But as always, do your own research.
27/4/2015
19:20
apfindley: -------------------------They've let the share price drop because they haven't been proactive enough with the company.it would be nice to see some of the directors put their necks out for the company and work hard for it.-------------------------Really?????You sound like a very recent investor.!!If you had been here for a year or more you would know more about what the company and its directors are doing and what they have done.The directors are not obsessed with the share price like some other directors, and dont feel the need to release news of every cough and fart (eg kibo, rem, solg to name 3).The directors have worked very hard, and the quantity of sampling and analysis to help define the claim areas ready for drilling has been high.You should take a look at the 2 pdfs available on the gwmo website, as a starting point they show the huge quantity of claim areas within each prospect area.Tie them into the recent rns's to learn a bit more about whats going on, the directors had a very busy year in 2014.They indicate there will be a lot of drilling activity this year also.Their job is not to pump up and overinflate the share price to appease investors, or for those quick-buck-merchants who want the price to rise tenfold in a day so they can exit with profit. Their job is to serve the company, to explore, to define the areas of highest prospectivity, to drill and to prove the commercial existence of a resource, and then to either sell the asset or bring it into production.
27/4/2015
15:39
domple: oh, and we've been told very little about how gwmo is progressing with their drilling and other stuff. They've let the share price drop because they haven't been proactive enough with the company. the share price has been low for months and months now and we only get a bit of news here and there which makes naff all difference to the share price. it would be nice to see some of the directors put their necks out for the company and work hard for it. they should be doing all they can to develop the company but I haven't seen anything of any note for months. what are they up to?
26/8/2015
11:42
domple: It may help people's understanding of why GWMO may have been forced to issue the RNS at such an inopportune time (ie when the price is rapidly rising), but if there are a lot of enquiries of the company as to why it's share price is rising rapidly, the Exchange may force GWMO to issue a statement if the company knows of price sensitive news which should be in the public domain. It may be that the company wont know of the price sensitive news because that information may be in the hands of somebody else (eg a contractor) and it is leaked before it gets passed to the company. Don't know what is happening here but doubt that it is just a pump and dump exercise.
25/8/2015
13:43
vauch: Why knock the head of a good rise in share price,

Great Western Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 113,866 0.61 28 Aug 2015 16:11:55 GBX


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