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Have to agree. Most of the ducks are lined up now need to get the permit over the line asap. Move from exploration to processing to getting a steady income stream and that is a game changer. Must be something that can be done to recruit staff at the authorities which is the interest of their local economy. Hopefully an interesting and profitable year ahead
"Oh, and if any of you questioning my holdings in this company, why don’t you just follow me"
LOL, surely by now Moonshine, you can see that no one is interested in questioning your fantasy holdings or even expressing any desire to follow you, especially when you are so widely out of your depth predicting 1p with UFO and £1 with ONDO of all shares 🤣
Https://www.thearmchairtrader.com/uk-shares/great-western-mining-revenue-summer/
Great Western Mining inches towards revenue
By John Foster
9th May 2024
"As previously reported Great Western has had a busy year exploring multiple sites for copper – which could become the main act for the mining company, which to date has been looking at historical gold and silver deposits – as its tenements have significant potential copper deposits, as well as progressing its mill."
Exploration and construction
"However, Great Western still isn’t in revenue-generating territory, as most of its work has been exploration and the construction of the mill, which have both been draws on the company’s financial reserves. The mining company has been firming-up its gold deposits, which as previously reported are historical mineworks and tailings from the Nevada 1959 gold (and silver) rush"......
........"It has been a long road for Great Western, but eventually the blocks are starting the fall into place and 2024 could well be the year the company’s turnaround moves into revenue-generating territory."
Couldn`t quite get it from the report, are we going to mine at OMCO this year or just take more samples and drill
Here`s praying for that damn elusive Permit.
Fingers, legs and eyes crossed atb
From RNS - "The project has been designed and developed meticulously in line with the regulator's own guidelines and recommendations,"
----------------------------------------------------
Think they are trying to tell us something?
When that permit comes through the sp will pop through the roof ;-)
GLA SR
Moon, you do realise that the processing machinery was operated on the very site GWMO have submitted permit applications for? Exactly the same geology, with a JV partner experienced in operating the plant.
Ondo is a dog and I can happily spell that out if helpful? :) Will save any of you a small fortune in long term
Oh, and if any of you questioning my holdings in this company, why don’t you just follow me and I can send you a nice private message of my holdings. Genuine investor With a genuine concern.
Some of you think the process is so simple as plug and play. You are aware That we will have problems at the beginning sometimes the rocks can destroy the teeth of the machine. And you need to have that in mind because these things can happen. At the stage you need to do optimisation. Which cost money and my point is that they’re going to need more money. And the second point is leaching how long is that going to take?
I also think that they will have by now managed to move a sizeable amount of spoil material down from the mountain to the site that will be ready and waiting to process the moment the permit is granted so the transition to being a producing company and generating revenues will be instant
Look at it like this Spending money And we’re not making any money the longer the permit the more money was spending. Let’s say we get the permit next month. It’s not just as simple as plug and play.. You might have to optimise the machine, so you have to prepare Problems that arise. Well, seems like you guys think no problems are going to happen
Ondo is crypto just wait and see how high that goes. All I care about is that permit. And what worries me more the longer the delay the more money were spending on top of that winter
What's the matter Moonboy - can't stay away because your attempted cross ramp yesterday with another share didn't work? Haha.
Good things come to those who wait GLA genuine investors :))
Agreed, very positive indeed.
The potential copper porphyry system they have identified that appears to show connectivity across the whole area could turn out to be simply off the charts and a world class copper mine one day. Several interested parties involved in discussions right now.
As for the permit to allow them to start producing at the ready to go mill plant, I think we should get it sometime this month fingers crossed
It’s ready reporting the same old news that we already know. And then it’s gonna be June in a few weeks.
Final results are now out and I must say I am now very positive about GWMO prospects given:
> Production JV in place ready to operate subject to final licence
> Copper prospects in West Huntoon now look very good subject to drilling to prove up
> Olympic licences now 100% owned by GWMO
> Extraction licences for "mining" historic spoil heaps now confirmed, along with access roads established and JV ready to operate
We just need that Environmental licence and all systems are go!
ATB APR
It doesn’t matter for me Because at the end of the day, watch what is about to happen ondo.. anyway, boys, we nearly June now hahah
I’ve read through the comments , moon is not always right nor are any of us but bullying is the lowest form , from the comments it would seem a few are bullying all comments are valid but no need for bullying just saying
GLA
Ondo is the next one watch go up a lot 66 p. 20k book in Not financial advice
Quite right Viuz....he is full of POOP
chisler
Okay, an honest question to you are any of you happy about the delay from reading all your post It clearly shows that a lot of people frustrated. On top of that we are mining we are not at point of even making any money
I don't know why anyone bothers to make any comments about Moon. Just let him rant and don't respond. He is worthless and certainly not worth getting upset about!
Does anybody else think Goingtomoonufo might actually be a bot? So repetitive, pointless and predictable. I wish its owner would just switch it off. Just exactly what is it trying to achieve though?
Please, just report its more banal, senseless posts, like I do .... ;o)
Goingtomoonufo - try looking up the calendar as winter is 7 months away. Summer hasn't even started yet and you are already writing great western mining off for 2024.
There are no further costs associated with the plant to incur, as the plant is ready to go. Plus since the permit application was made gold has increased by $400 an ounce.
Based on the conservative estimate of the tailings resource report of 31,000 tonnes at 1.6g/t AU alone, that would mean from just the current tailings, potential revenue of over $4.5M from just the gravity separation phase.
Not bad for a company with low cash burn and no debt and with the potential for a large industry player to come aboard and develop what could be a world class copper mine.
It must be a sad lonely place for you throwing stones from your glass house like a petulant child.
I’m sorry, we’re now in May And it’s now nearly the Middle of May. Absolutely A joke On the situation of the permit. I will keep on saying it 1000 times because what it looks like whenever we eventually get it. It’s going to be winter and then it’s gonna be another placing again. And keep your mouth quiet. In fact, we are spending money so much of it and when there is a problem, we’re not gonna have enough.