Great Western Mining Share Discussion Threads

[fund1] 17/1/2021 20:10

I would be shocked if you don't double your money here over next few months. Gold and silver bull run is still in early stages make no mistake about that.

[deltalo] 17/1/2021 16:08

The interview says it all really, I'm very happy with my 8 grand investment here. I expect to double from hear in the coming weeks, no doubt about it.Like I said before, this board will be very busy soon and be ready for the sad negative poster's who want to buy in cheap. Buy as much as you can and hold. Atb holders.

[graylyn1] 17/1/2021 14:14

Interview early December If you missed it, worth a re-listen imo.

[graylyn1] 16/1/2021 23:00

from 1/2 year report....

Laboratory sampling indicated doubling of footprint for gold and silver mineralisation at Mineral Jackpot

-- Grab sample from Mineral Jackpot yielded an assay of 27.4 g/t Au, 151 g/t Ag and 0.14% Cu
-- Soil sampling at RH identified prospective zones of mineralisation

Mineral Jackpot is in the Black Mountain group of claims and includes the old Mineral Jackpot Mine itself, together with the Bass Mine, Silver Moon Mine, Silver Bell Mine and Cabin Rock Mine. These mines have all successfully produced gold and silver in the past but have long since been abandoned. Great Western is using modern technology to achieve secondary recovery and to prove up communication between the individual mines which will increase the mineralisation footprint.

pretty good eh!!!

[graylyn1] 16/1/2021 22:50

If we can produce 1/2 kilo gold per week to start us off that would be just over 16ozs @ £1,400 per troy oz = £22,400.00 per week before costs or £1,164,800 per annum that should at least keep us afloat and allow all other funds to go directly into projects.

Of course, at this stage, we just do not know what the grades will be from the spoil heaps, how much sliver credit will be added, and what the cost of extraction will be.
Still pretty exciting though.

I believe the company is still processing the remaining stock from the first spoil heap batch delivery after the initial samples were tested.

Roadmap to Production
Current permitting regulations allow for the initial displacement of up to 900 tonnes from the mine
areas for processing offsite before seeking further approvals. The Company aims to produce first gold
and silver from selected spoil heaps following recent testing and, if this is successful, consent for a
larger scale plan of operation will be applied for. Facilities could, for example, be constructed for
continuous production at the GWM-owned Marietta property, utilising material from the remaining
spoil heaps. Such facilities could in the longer term also be used to process material mined or
recovered elsewhere on the Company’s claims.

A specialised tracked vehicle is offloading material from selected spoil heaps in 2-tonne batches and
will deliver 25 tonnes during October. 500 kilograms of material will be head-assayed and then sent
to a laboratory in Sparks, Nevada for leach-testing, with a matching sample of 130 kilograms
simultaneously air-freighted to a laboratory in the UK where it can be tested in parallel so that the
results can be compared and verified.
The remaining material loaded from site will be processed through a gravity separation circuit
operated by a contractor in the area, after first being crushed to a small grade through a pulverising
mill. Reject material from the gravity separation can be reprocessed through leaching, for further
recovery of gold and silver at a later date. The gravity separator is available now and a pulverising unit
is currently being sourced.

Building on strong progress made to date
In recent weeks, 100 kilograms of samples have been collected from five spoil heaps for processing in
a local laboratory. Head assays were conducted, consisting of a fire assay of crushed and pulverised
sub-samples, reporting 2.28 grams/tonne gold plus 658 grams/tonne silver and establishing the total
gold and silver content in each sample.

Crushed and pulverised samples were run through a set of gravity processing spirals to measure
recoverable gold and silver, with average recordings of 30% gold recovery and 15% silver recovery.
Additionally, a cyanide leach bottle roll test was carried out on high grade samples, 1,000 grams being
pulverised to 1.3 millimetres which achieved 87% gold recovery and 46% silver recovery from a 48
hour leaching process.

file:///C:/Users/Graham/Downloads/Operations%20Update%20(7).pdf

[fund1] 16/1/2021 21:10

At the very least compared to the other juniors. This is worth 0.5p right now

[deltalo] 16/1/2021 17:52

Yeah, but the mkcap is very low now for this company, and even I had to read into it many times, like I said, I've been in and out of here quite a few times over the years but now it's at the stage of a commercial producer. I don't think many our there realise the potential here and we're very much under the radar. That will soon change in the coming weeks. Let's just see anyway, but that's my take on it. Gl.

[graylyn1] 16/1/2021 16:32

Alba has several other irons in the fire, and so it is difficult to compare but I do agree GWMO is really underpriced. I think this could be partly to do with the past holding them back a little. (sentiment)

Also, we did start to see a really good rally brought to a halt by a combination of a share issue straight after a large number of warrants being exorcised, it takes time to place all the extra shares. I would like to think that most of those have now found safe hands, the share is starting to get noticed, on here, on Twitter, and on LSE

[deltalo] 16/1/2021 15:29

We should at least have a mkcap the same or more than alba. The mkcap there is 24 m with 6.2 billion shares in issue, we have half that amount of shares and a mkcap of only 8m, this company is so far ahead of alba with are near term gold and silver commercial plan that are so should be 0.8 to 1p at least. That woud give us a mkcap between 25 to 32m.Not much to ask for under the circumstances. If we get the first good results within the next two weeks from the analyzed dore bar then I expect a massive rise towards the final results from the lab at the beginning of march. We're getting very close now and I'm looking forward to it. Gla.

[graylyn1] 16/1/2021 09:38

I think the drill bit and the tailings will tell the story here, we have £2m in the bank enough to see out the current plans for 2021 with perhaps the exception that some extra funds may be needed to set up their own production plant? We could use third party plant which may be a short/ medium term solution. I would expect the share price to jump sharply upwards if the spoil heaps produce good assay results, if this pushes the share price towards 0.4 to 0.5 then the remainder of the warrants may turn up which would raise possibly sufficient cash to set up our own small scale plant.
If the drill bit finds good results 1p could could turn up very fast, but at this stage it is what it is, The number for shares is not a worry it is the mkt cap that is important to me, we are currently under £10m fully diluted and £2m of that is cash. 3.6b shares fully diluted @ 1p would give a market cap of £36m if the drill bit brings in the goods along with some small scale production that 1p will come this year. Don't forget although we are still classed as an explorer we have loads of targets to go for in an area overloaded with opportunity.

Edit: also don't forget the copper, as prices keep rising due to the dollar falling we may get an interested party to fund it.

[kewben71] 16/1/2021 08:55

RE: Warrants.....Today 08:53
Right then....
Nov 19 placing and warrants at .16p 3 year expiry (Nov 22)
There are still 85 million left to be exercised.... so on that basis circa half a billion shares still to be added to the register...

About a £1,000,000 extra cash to the coffers... but gawd help us if they run another placing.... the dilution here is racking up.....

Of course good operational news flow and results will change things.... but my enthusiasm has been tempered..... or at least the risk weighting I am applying has increased....

Anyone disagree??
Regards
Kew

[samsung2020] 15/1/2021 17:12

Not bad end chaps to be fair...Have a good weekend all, back to the fun on Monday.

[kewben71] 15/1/2021 16:57

Mike...46
What’s the dilatory effect there?
Circa additional £1m cash in the bank with increase to 3.5 shares

[antonagis] 15/1/2021 16:54

Many mining stocks on the slide today but GRIFFIN DOING US PROUD

[fund1] 15/1/2021 16:46

Don't worry as soon as Biden gets those printing presses going it will soon be on the rise again.

[kewben71] 15/1/2021 16:46

Expiry dates are 2 years from issue. So 2022 July and Nov...

[kewben71] 15/1/2021 16:43

16 th July 252million warrants issued at .2p

At this time there were still remnants of previous warrants of .16p outstanding

Since then on 2nd,8th,28th Oct and today 115.5 million of the .2p warrants have been exercised.

There are therefore 136.5 million warrants at .2p remaining

ADDITIONALLY
on 18th Nov 295 million warrants were issued at .3p

Hopefully this explains what’s outstanding...

Draw you own conclusions as to the impact of these on the share price and whether they act as a brake or help given the cash injection

Ultimately it’s another 400 m shares onto the register

Personally.... I think they will be a drag through the climb over the next 3 months. A climb which I believe could see an increase to .5p (April)... but themselves my thoughts!!

Regards
Kew

[mikedon1946] 15/1/2021 16:42

Warrants have 2 edges
They are under the share price when exercised and they bring money into the company we as shareholders do not!!
They reduce the share of the company I/we own.
15,000,000 new making 3,085,714,550 making a share reduce in value by 0.486 of a % I think that reduces a 0.25 share to 0.248785 and they are putting in 0.2 of real money, to but thinks into prospective.

It would be nice to know how many warrants are outstanding exercise price and expiry dates.

[deltalo] 15/1/2021 16:37

0ver 50 percent more volume today than yesterday, Interest is beginning to build again, next week will be very interesting as more investors buy-in to join the party. It's looking very good here I must say.

[deltalo] 15/1/2021 16:28

Gold is predicted to hold its value this year so it will fluctuate from day to day. The current gold and silver prices are brilliant for this company now. Let the revenue from the commercial operation begin :-).

[domple] 15/1/2021 16:17

Dont know if this is leakypedia but over on LSE, someone has posted that GWMO received an application for the exercise of 15,000,000 warrants of 0.2p granted in conjunction with the placing, giving £30k funds and the shares will be added on 21 Jan.

More money in the bank and unlikely to have any effect on the share price

[vauch] 15/1/2021 16:16

Why is gold on the slide.

[deltalo] 15/1/2021 16:14

Yes, and the next will be exercised at 0.3 as I can see. 0.2 has now departed and 0.3 will be past next week.It's all coming together nicely here.

[graylyn1] 15/1/2021 16:02

20m broker warrants @ 0.20 then I think all remaining warrants are @ 0.30?