Great Western Mining Share Discussion Threads

[fund1] 11/1/2021 19:50

Thanks for that.

[mindthegapup] 11/1/2021 19:15

Article tonight in the paper on Great Western Mining 👍👍💰💰9689;🪙

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SMALL CAP SHARE IDEAS: Strategic refocus towards gold drives Great Western Mining forward

By Ian Lyall At Proactive Investors For Thisismoney.co.uk
16:34 11 Jan 2021, updated 16:34 11 Jan 2021

Under the direction of chairman Brian Hall, Great Western Mining Corporation has ‘refocusedR17; its strategy.

Shelved (but not forgotten) is its interest in copper. Instead, the group is concentrating on gold and silver exploration and production in the aptly named Mineral County, Nevada.

Crucially, there is cash in the bank to achieve these ambitions. And judging by the share price, which has more than doubled in the last six months, the wider investing public appears to have bought into the new streamlined approach.

‘We've gone back to concentrate on gold which is great because the gold price is high,’ says Hall.

‘We've also looked at what we could do to get a get a bit of revenue through a business that has been spending money for the last 14 years or so.’

Mineral jackpot
Cash flows will come from re-processing spoil heaps from a cluster of historic mines on Great Western’s Mineral Jackpot area.

It is considering the construction of a crushing and gravity separation plant as a possible next step.

The optimal solution for maximising gold recovery would be a leaching facility which requires strict environmental approvals and while this is being worked on, gravity separation will be the likely route to get commercial output going.

At this stage, the economics around the spoil heap production are moot with recoveries, average grade and the daily production rate unknown.

However, Great Western has taken a step towards early output and cashflow with a modest gold and silver pour from test production from the spoil heaps.

Untapped potential
For the uninitiated, the area of Nevada in which Great Western is operating has been prolific for gold and silver.

Its 14,900 acres-worth of concessions all lie within the Walker Lane trend, which has yielded significant discoveries such as Comstock Lode, Yerington, Pumpkin Hollow and Isabella Pearl.

Because of the mountainous terrain, there are large tracts of land under licence to the company that are unexplored that could be appraised using modern techniques.

Hall and the team have set themselves an exploration target of 500,000-1.5million gold equivalent ounces from multiple prospects.

Historic geological reports have identified seven lodes, prospective for gold and silver on Mineral Jackpot, where previous exploration work has uncovered grades of up to 95.6 grams per tonne of the yellow metal.

It also has the Rock House (RH) gold-silver targets, where early exploration work has identified three new, unexplored mineralised zones.

Going for Olympic gold
And then there’s the Olympic Gold Project, over which Great Western has a four-year option to purchase.

The area was host to a now-disused mine that was ‘prolific with some good gold grades’, explains Hall.

The plan is to try to find a vein extension to the former mine, which crossed a fault line that Great Western’s geologists think dislocated the precious metal mineralisation. This is one of eight targets in the new area.

Olympic and RH will be drilled in 2021. ‘We should be able to do those next summer,’ says Hall. ‘Mineral Jackpot requires a different rig and the road to be finished.’

With around £2million in the bank, the group has more than enough to fulfil its ambitions next year.

M1 and M4 lead to copper
And, of course, there is still a copper play – the M2 and M4 projects and the M1 and M8 targets in Nevada.

One would have thought they’d have been a slam dunk for further exploration work in this period of sustained demand for the red metal.

‘The copper opportunity was always going to be long-term. And, crucially, I didn’t think we could develop it on our own,’ says Hall.

By their nature, copper discoveries require large investment (and a significant resource estimate) before they attract the investment from companies with the financial wherewithal to develop them.

Gold exploration a better use of resources
Great Western hasn’t written off the asset but has instead set up a data room for companies interested in developing them.

‘I’d be thrilled if someone came to us, but it’s not a priority,’ says Hall.

‘I believe trying to find precious metals is a much better way to spend our time and our shareholders’ money. I thought that from the very start; when I was a non-executive director and first went to Nevada in 2014.

‘Now I am running the company I hope to put it into practice.’

[fund1] 11/1/2021 17:17

Been here too long to let a bit of a dip bother me

[brut winky] 11/1/2021 14:21

Not concerned at all, below average volume, probably some profit taking, that`s not for me just yet.

[bobdown2] 11/1/2021 14:18

Silverstone2 filtered.. another advfn prat..

[deltalo] 11/1/2021 14:16

Thanks for the warning but there's no chance others are having my share's on the cheap, news on the gold and silver lab results will be here soon and then they'll be ordering the new gravity separation plant just after. Next stage as said by Brian Hall is that great western's becomes a commercial producer. So I'll hold into my shares thanks, and anyone who sell well that's their loss I'm afraid. We shall soon see.

[silverstone2] 11/1/2021 13:40

Minimum 20% down nearing and will be with you in a few days. Don’t say you didn’t get the warning lads

[vauch] 11/1/2021 12:43

silverstone, deluded as ever

[deltalo] 11/1/2021 11:33

Same here,

[davetedjack] 11/1/2021 11:31

I hope not but only time will tell. If I thought it was not going to make me good profit I would have left by now.

[silverstone2] 11/1/2021 11:21

Flogging a dead horse here as well. Get out while you can

[deltalo] 11/1/2021 10:38

Absolute bargain if it does, can't see that happening though can you, 0.3 will go shortly

[davetedjack] 11/1/2021 10:33

Last chance to buy before 0.25

[deltalo] 11/1/2021 09:05

Last chance to buy in under 0.3, next leg up towards 0.4

[fund1] 11/1/2021 08:51

Still bargain territory here

[johncasey] 11/1/2021 00:21

kdnc...watch it go this morning...they are invested in EMH and its 5 bagged and kdnc hasnt moved hardly

[fund1] 10/1/2021 23:31

Good luck that's a lot of stocks

[samsung2020] 10/1/2021 23:00

Thanks for the tip, appreciated I'll for sure do some research. I have 21 stocks in my portfolio at moment, totally dominated by AMGO and SYME.DYOR

[fund1] 10/1/2021 22:44

Also chaps heads up on ccz could be a big stock this year as well. I am holder so vested interest. At least put it in your watch list

[deltalo] 10/1/2021 17:05

We're going to do very well here my friends, great Western is very much under the radar at the moment, just mark my words, this forum will be chocka in the coming weeks. Where else are you going to find a company with so much potential and fast forwarding commercial production of gold/ silver like gwmo. Are Chairman Brian Hall is just as keen as we are to start producing revenue and returning shareholder value. I'm very reasured my enlarged investment is safe and could bring a life changing return. Looking forward to the lab results and by the confidence i see in Brian Hall, he already has a good inkling from the amounts by the dore bar produced and it shows in his mannor when interviewed by proactive on Friday morning.

[fund1] 10/1/2021 14:51

That would be fantastic. And like most shares the when they start climbing there is always a stage where they overshoot just like on the way down. I think how long it took ufo to get to penny but then in a short time afterwards it went to 3p rapidly. Can see this doing similar and having an overshoot at some point hopefully will get my timing right in this one. Took a bagger on ufo but missed out on an extra quarter of a million. Not making that mistake twice

[samsung2020] 10/1/2021 14:14

Afternoon all. I'd have to agree with below, in all my protfolio this one seems to be giving me a buzz feeling. See a straightforward line towards .50 but then expecting a bumpy push towards 1p which is where I see this getting. My projection of 1p for May still stands,fantastic opportunity here.

[fund1] 10/1/2021 14:08

Looking forward to the next few weeks months here. Should be great. Let's see if next week we can reach the most recent highs. Going to get exciting here very very soon.

[fund1] 09/1/2021 17:27

Another junior with a big market cap is POW that's 28m. Though it does have good potential. But it does show how far we are behind. I agree guyswonga. The turnover of shares since about the 28th of December as been massive compared to the months before. That all bodes well

[guyswonga] 09/1/2021 17:23

i suspect monday may be the last chance to grab these sub 0.3