London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Lets not forget ,
RARE EARTH METALS !
RARE EARTH MINERALS !
RARE EARTH ELEMENTS !
That are present at Huntoon .
Biden has declared them and Copper strategic metals .
Beautiful.
chisler
Thanks for that snippet, and of course at that time GWMO had not discovered the potential Copper Porphyry.
Thanks Edgar I’ve been and will continue to be taking a position.
Was here for copper a few years back before the drilling got tough, and also remember this,
“ For the sceptical, I contacted GWMO’s largest shareholder, Andrew Webley, who clearly believes in the longer-term potential of the FTSE AIM stock. I asked him the following question:
‘Why should investors consider adding GWMO shares to their portfolio over other FTSE AIM small caps?’
His response, from 29th November 2022, appears in full below:
‘There are two main areas investors need to research when looking at Great Western Mining.
Firstly, Great Western has been working towards small scale, low cost, production of gold and silver from old mining material and over the last two years they have gone from this being an idea to now having a JORC in place combined with a JV signed with an experienced local mining contractor. 2023 should see production start and according to a recent interview quickly grow from there.
The second area is the exploration potential. Great Western has been drilling for precious metals in Nevada and on their website, you can see the different claim groups with the work done on each. Several of these groups look promising as of today and in my view it won’t take much more work to move at least one towards a JORC resource.
There is also an indicated and inferred JORC for copper in place so you could say that you are investing in a precious metal production and exploration business with some base metal exposure at no additional cost.
Away from the exploration and production I like having a large holding in Great Western as it’s a simple company to understand with no complicated financing and no debt. The corporate costs are low, the management truthful and the directors also have large holdings.’
It is just wrong to say the permit is in the bag. It is not. The regulator has approved the works, the paperwork and has issued the licence SUBJECT TO a public consultation.
That public consultation relates only to the way water is moved, used and stored. The area in which GWMO operates is incredibly remote. It is not as if the processing plant is next to someone's garden. That simple fact means that public views or objections may be less likely. Even if there are public objections, the regulator themselves (NDEP) can probably deal with them because they have approved the plant.
So it is a rational conclusion to decide that although the permit is not finalised it is highly probable/very likely that the full permit will be issued eventually.
We also know timescales and if there are no public views expressed the permit will be issued in just over 3 weeks. Production will start and tiny mcap GWMO will be producing and generating income.
All of which makes the share price activity since the news broke very interesting. The volume has been enormous. Someone is taking a position. And this hiatus while we wait for the public consultation to end is the PI's opportunity, IMHO.
GWMO is an obvious buy, IMHO. Not one for the widows and orphans, still risks including operational (ie. Stuff happens/breaks). But just on production starting the mcap will go up significantly. Then we have the gold and silver proving up and the Hail Mary prospect of a copper JV.
Risk/reward very good here.
GLA
Started: wyt3fr0g, 12 Jun 2024 16:50
Last post: FiveCandles, 13 Jun 2024 15:51
ID78,have to remember that Gwmo has been unloved for a long time now so value will be added the closer we get to lift off in Nevada.
Buying in 2020 was not the move.
Buying at a point of inflection as production starts.That is the move.
Chart actually looks good to me: bullish divergence suggesting we are at the bottom backed by the fact production starts soon. If you’re familiar with the life cycle of a mining company this is one of the points you’d want to buy, it’s that simple.
Buying in 2020- I realise why you’re angry now, but ultimately the company has moved forward hugely since then
All looks good to me. It's hard to get an environmental permit in Nevada due to water rights and water being prioritised for agricultural use, it's a desert after all. The fact that the land owned by Muletown has water boreholes and water rights means getting this permit and being the only mill in the area is a real advantage. That's even without the stockpile of tailings and gold and silver that GWMO have and will process.
Moon - "The stock market is forward-looking, meaning stock prices are based on expectations of companies' future earnings, not just present earnings."
The fundamentals Trump haha You guys are delusional. I’m sorry if the information was so good the share price of the skyrocketed.. And I’m sorry there’s no mining company that works straight away and obviously most companies have engineers on standby at the first phase anyway.. Don’t get me wrong they have a good asset, but we’re far from getting it done and on top of that how long is leaching going to take?
Started: Stockraiser, 12 Jun 2024 09:23
Last post: dvharrison, 12 Jun 2024 16:31
Strong finish and 14% up...
Yes bullish
(SP may be falling but the trend should reverse as there is some buying pressure behind it and so bullish divergence… in theory)
I take it you mean bullish divergence? And not bearish.
I was looking last week and based on RSI (flat) vs SP (falling)…. it looked like divergence. Which means buying pressure and a trend reversal could happen
It is a weak signal - you’d rather see SP falling and RSI rising, but all the same GWMO does show divergence.
Guys,i have seen many times before that when the mm,s think a company is in a transformational phase there are many games played with the trades data.When they are ready and loaded it will go large IMO
Started: Airmed1, 12 Jun 2024 15:45
Last post: Airmed1, 12 Jun 2024 15:45
Great Western Mining Corporation PLC is set to commence operations on a new gravity separation plant in Nevada for the production of precious metals after receiving a draft Water Pollution Control Permit, pending a public consultation period. The plant, a collaboration with Muletown Enterprizes, will process pre-mined material and has potential for expansion and a second-phase chemical leaching project. Executive Chairman Brian Hall highlights the plant’s capacity and the significant inferred resources of gold and silver at the company’s Olympic Mine site.
Started: CesarMonty, 12 Jun 2024 07:08
Last post: FiveCandles, 12 Jun 2024 09:03
Yes they are funded from a placing at 0.0435p just 10 weeks ago ( £700k ) so to get the opportunity to buy well below that level with the first revenue streams starting in a month ( wakey wakey ) . It will re-rate nicely IMVHO
Hate to say it, but "told you so!" ;o) ;o) ;o)
Moon is right, there will be teething issues in commissioning.
Moon is not right to compare to PREM and RMM for the reasons given.
But ultimately the SP is below placing. The SP is as low as it’s ever been despite being on the cusp of production and therefore revenue earning. Which is huge. It doesn’t happen overnight, there will be teething problems but this MCAP for a gold producer. Well it’s low, isn’t it? Very, very low…. I’d suggest the market will like this news.
There is a chance this has a very good day today,recently funded from placing at 0.0435p and first revenues coming from next month,there will be an element of self funding going forward on the monster copper project IMO
Moon boy it's nothing like either of those failures.
Prem had no proven resources, we do.
RMM was a complex underground mine, this is spoil heaps.
Not sure why you bother posting such rubbish
Started: edgar222, 11 Jun 2024 06:29
Last post: Goingtomoonufo, 12 Jun 2024 07:02
Well, you see there you go boys August They will start mining, then they need to sort out the tweaks Which will then basically only leave us with two months and then the winter. Which means we’re gonna need more money
If they can stockpile, why would they shut down for winter?
One thing for sure GWMO has just got a whole lot more interesting from an investors point of view,given that it is currently valued at just over £2m market cap there is much value to be had here.It would appear they are confident of 100+ tonnes a day in the nearterm but that could be expanded fairly rapidly thereafter IMVHO.With the shares currently near an all time low and way below the last fundraise not long ago i can see some real momentum to the upside coming .
I suspect that at 35tons/day you operate at a loss.
However at 100 or 200 tons/day - I’d hope we’re looking at a profit.
SP is lower than it has ever been and production is around the corner….
The plant has 200 tonnes per day capacity. They shut down for winter so probably lose 4 months. Maybe only producing 7-8 months of the year. Start off at 35 tonnes p/d increase to say 100 tonnes p/d. Based on 100 tonnes p/d, that would be 160g of gold or 5.5 Oz p/d. $2300 an ounce = $12,650 p/d. $379,500 per month.
8 months operation = $3,036,000 p/a. Gross
If they can do 200 tonnes p/d, then double the figures. $6,072, 000 p/a. Gross
GWMO share 50%.
I presume costs are shared 50/50.
Started: Mattk6, 11 Jun 2024 17:39
Last post: ID78, 11 Jun 2024 23:25
Thanks Apro, hugely appreciated.
Ultimately to be a gold producer at this mcap…. Well unless they make a total mess of it the value can only increase.
I’ll take a closer look at those numbers tomorrow, but as ever a fine and detailed response. Ultimately you just never know what you’ll get but your numbers give some sort of benchmark.
Thankyou
Aprogerson,your musings are a little conservative but show that GWMO are very much back in business and could soon be a self funded outfit sitting on some pretty tasty assets.At a £2.35m market cap this now looks a decent proposition for a what is on offer.Best part is the operation will be starting in one months time :-) i expect a notable re-rating on this.
@ID78 Just throwing some numbers at this to get a sense of what is reasonable given what we know:
>OMCO tailings = 31,000 tons at 1.6g/ton gold (lets ignore silver)
> Gravity separation = 50% recovery and a further 30% maybe 35% can be recovered via Stage 2 leaching
>Commissioning at 35tons/day throughput
> Production at 200tons/day throughput
> Assume gold sale price @$2,300
> Assume toll processing & transport = 35% of revenue
Sum gold ounces recoverable = 31,000 *(1.6g/31.1)oz *50% = approx. 800oz via Stage 1 gravity
Sum £revenue = 800oz *$2,300/1.2 = £1.53m
Profit = circa £1m after assumed 35% costs or £530k (given it is a start-up so probably slow and/or costly)
Throughput 200tons/day = 4,400 tons/month operating 5days/week or 22days/month
Time to process = 31,000/4,400 = 7 months to process
Profit/month = £1m/ 7 months = £143k/month
If we assume it takes them 5 months to commission and upgrade to 200tons/day then can be done in 1 year delivering £1m profit versus £2.35m MCap. If it took £500k to upgrade to Stage 2 leaching then "depleted" 31k ore can then be run through to recover 30+% of original gold or roughly another £600k profit, but could be higher as transport costs would be negligible and/or leaching recovery is higher.
All my simple musings
ATB APR
Mattk6 - The thing with this type of operation is that it can be a very solid and stable revenue generator ,they can stockpile for bad weather periods ,and they can even get paid by other producers for processing.GWMO current market cap is around £2m - £2.5m which suggests to me that even based on the lower tonnage per day figures that the market cap currently is seriously undervalued.This is not going to 10 bag overnight but steady notable increase in value is very much on the cards.I have a hunch that GWMO could turn into a junior market darling in the not too distant future.
It could explode out the blocks tomorrow IMVHO once this news circulates.
So based on the replies on here, the income from the milling plant ranges from about $3 million p.a. to £500 million (Chisler). Does anyone have an idea of what it's likely to mean in terms of the market cap if the annual income is around the lower end of the range? Bearing in mind I suppose that they will also be processing for other miners in the area so would then also be earning a commission on that as well. Is a £25-£50 million market cap reasonable in the short term, before any developments on the mining side?
Last post: Hubstar, 11 Jun 2024 16:49
This news from Nevada today means the asset now has value,i would be really suprised if this does not get at least a modest re-rate back above last placing price of 0.043p.Great Western have been off the radar for quite a while now but i think today this news puts the company back in the game and will start to gain a new raft of investors.
I would suspect the reason the share price hasn't reacted as strongly as we might expect is because the MM are unloading all those millions of shares they paid some fool .031 for. They get .036 for them, nice little profit.
Just caught up with the RNS. Excellent news and surprised the SP isn't a lot higher. Maybe just the intra day timing of the news....
.
chisler
Started: butch123, 11 Jun 2024 15:53
Last post: butch123, 11 Jun 2024 16:31
Mostly all buys today.
Its been a couple of years but I just bought back in today. Onwards and upwards
Looks very cheap, maybe a delayed reaction coming.
Started: greengrass7, 11 Jun 2024 14:30
Last post: chisler, 11 Jun 2024 15:33
Theres no more speculation now
The permitt is in the bag
This is proof you can count on Brian Halls word yet again.
Extrapolate from that to a j/v. farm in very soon i would say.
chisler
GG7 - I can get quotes to sell in chunks of 15million but not above that.
Let the MM's have their day - the markets are extremely volatile at the moment and they know it - I'm leaving my dosh in here now until Mcap is above £8million
GL SR
Can get a quote to sell 10 million but not to buy 1 million. Market makers continue to manipulate rather than create a fluid market. They are so scared of anyone other than them making a few quid.
Started: Stockraiser, 11 Jun 2024 13:53
Last post: Stockraiser, 11 Jun 2024 13:53
Goooooooooo ;-)
Started: edgar222, 11 Jun 2024 11:28
Last post: Golfdinger, 11 Jun 2024 13:30
They have agreed to issue the permit, it's finally sorted..
We know there is at least a month before the permit is granted So am sure some will short this like hell in the meantime. Only thing that could stop them is a JV announcement. atb and let`s hope there are no objections.
Don't usually care but it is difficult to ignore the 200m trades (that based on price not colour look like sells).
My interest is only because of the news coming out of the NDEP at the moment. Anyone got any views?
Last post: greengrass7, 10 Jun 2024 15:20
If there is a placing/raise in the next few weeks then that 200 million sell must go down as the most blatant example of insider trading ever.
And as I said, someone knows something. It looks like a placing coming
And 2 minutes after I typed that a 200m sell!
Chunky buys going through....
And all of you continue to threaten me . It about to go down lot meaning placing coming
It was a buy
chisler
Who the hell sells 200 million shares tell me that they don’t think something is wrong
AGM states permitt on its way.
we will get it before end of month.
game on
chisler
Started: Jayster1, 7 Jun 2024 19:00
Last post: TheFoocare, 8 Jun 2024 04:50
I should say, buys through the LSE of GWMO specifically.
Looks like Jayster that when they traded yours through Aquis the same applied. Not unusual that it happens across the board but much more common with GWMO in my experience.
Probably the trade that went through Aquis as a sell at 4.08.
Pretty much all my buys through the LSE exchange for months have shown as sells.
I bought just over 2.8 million shares at about 4.15pm today & not showing for some reason
Last post: edgar222, 6 Jun 2024 08:34
Never used telegram, been resisting it as have enough social media / BB type places to look. Have been considering giving up watching BBs. So much dross around. And I am only on two shares at the moment (Aminex and here). Haven't given up because for all the dross there are really knowledgeable posters around who really help.
Have been topping up various accounts with GWMO to get the average price down. Am circa .05/.06 across accounts. Happy there. Assuming licence news, got to make money from there, surely? Always been here for the numerous prospects and options and came here for Gold. But the more I read about the copper and the copper market the more interested I am in that. A copper JV with a funded larger company and the sky is the limit?
GLA
Hi, check out the Telegram group, we have good discussion there. BH used to post, but not for a while
Alas i missed the AGM. Was otherwise engaged. Interested in the preliminary permit stuff and rumoured huntoon j/v speak. Are there any links to a recording of the meeting? Just got in, so any references are appreciated
Oh ... i nearly forgot, the discovery of rare earth minerals/metals/elements have made these tenements very hot property....
chisler
AGM over now we can start making money.
Gold up $500 in last six months... forecast to go up another $600.
Silver up $7 last six months.....
The permitt will arrive soon and all those lovely tailings will start to make revenue.
Copper is forecast to quadruple in less than 12 months.
Huntoon has been primed by Hall and Cryan for a j/v-farm in
Im a large shareholder here , im not selling one share for the reasons stated above.
i will continue to buy shares when possible.
chisler
The draft permit was mentioned in the Telegram group, apparently Brian had spoken about it in the AGM, any more than that I don't know currently. Hopefully someone who tuned in will comment further.
Eemew
Any further info re the draft permit comment? Was the recipt of it recent?
Wow that only took you 18 mins to reply - for someone that constantly slates Great Western, clearly has no faith here and no shares you certainly seem to be following it very closely lol
What's the matter? Worried your going to miss the boat and not be in when the permit lands? Haha
AGM this morning, apparently Brian has the draft permit. I wonder if that means some amendments are needed? In any event, it suggests to me that we are very close to getting the mill working.
As for the idiot, cut off the oxygen supply, he's been greenboxed here for years, he has nothing to say of any value.
Actually it broke it all time high haha am following money am sure u not haha 😝
Started: chisler, 2 Jun 2024 14:55
Last post: SlowRoll, 3 Jun 2024 16:02
Time for a statement on the progress of the permit!
There is a shortage of copper which is only going to get worse, hence the record prices. The Huntoon copper deposit in a favourable jurisdiction and it's close to surface. Larger mining companies are going to be all over it.
Also, their stuff is not adding up And I’m a bit surprised a lot of you are not questioning it. If this is your investment u happy to sit there just wait whatever company does at the end of day u as shareholder should be questioning what going on.
We also as a group have filed a complaint To the Secretary of State of Nevada. And we’ve also will be given them the evidence. While I joke And make laugh at the situation. We are down thousands and thousands. And I’m sure many more people are.
6 months until winter.
Started: PageofCups, 31 May 2024 09:59
Last post: JustaLearner, 1 Jun 2024 09:49
Give it a rest Moonboy. Your like a broken record. You know what we do with them? Throw them in the bin.
Do well Sorry, are we now nearly a year behind on the permit? And on top of that We haven’t even tested it and on top of that we’re still mining well, looks like another place is going to happen Just in time for winter
Welcome, Page.
This should do well from here.
Took a position here this morning. Imminent start of revenues and huge copper deposit uncovered which will attract a partner due to the size and near surface location. Low risk area and some big catalysts which are hard to ignore. Plus this is a low price to get in at. GL all.
Last post: Goingtomoonufo, 30 May 2024 15:08
You will make me laugh so many of you think this is a coffee machine And we are now at an all-time low as much as you hate me really ain’t going anywhere
To show how long I have had this share my original buy in was over 1P!
I was looking at the main share holders the other day a it showed many of the board but also there age. I do hope they have a forward contingency plan as some of these guy could of passed away before the permits arrive.
Know that feeling well. Hopefully ducks crossing . Bit like. This, all lined up but waiting for mother duck to land . Can’t believe how long this permit is taking .You would think the state wants to encourage investment. This shouts , don’t invest as we will keep you waiting years
Last Saturday I was on the M6 driving along happily then we hit a queue, 20min wait the sign said, after an hour we just sat there resigned to our fate. After an hour and a half we got to the front of the queue and there was nothing there. No crash, no broken down car, no tree on the road. Nothing, we were free to carry on.
Reminds me of GWMO, damned delay and seems to be no logical reason. But once we`re free, we`ll fly. atb
Started: mcco, 29 May 2024 18:51
Last post: mcco, 29 May 2024 18:51
Will the SP rise after the AGM?
Hope so
Started: edgar222, 28 May 2024 19:37
Last post: TheFoocare, 29 May 2024 18:17
Cheers edgar, hope they do well for her.
Thank you! Yes it was about that amount. Been double checking my daughter's ISA that she actually has more shares !
Look at that At an all-time low And now people are calling me crazy Because I’m always so negative, the market doesn’t even believe in it.. On top of that, we get our permit soon And it would just be before winter And then they’re gonna say they’re gonna need more money
Hi edgar, I often see posters wondering why their trades aren't showing on this site, when it's actually because it's been traded through the Aquis exchange. You can see both Aim and Aquis if you put GWMO in the search above. Perhaps you did that, but when you said you traded at the open it seemed to fit with the one early trade showing on the Aquis exchange at about a minute past eight for about around 13m if I remember correctly.
Foocare
Sorry butI don't understand the question re Aquis!
I thought every trade had to be published. By which I mean when I look at Advfn or here I don't see my trade (the number of shares bought).
Started: mryummy, 25 May 2024 12:51
Last post: Goingtomoonufo, 28 May 2024 09:04
Insp up 135 percent ondo aswell amazing am idiot hahah
It may get to 1p with consolidation.
If permit is to be granted I reckon it will re rate, about 10m m cap but it’s whether permit or further dilution occurs first
So does anyone think it will reach half pence or 1p if permits come ??
discusss?? any ideas when 1p will appear ???
Something to think about....
Https://youtu.be/2TSqNqr3a7Q?si=28orHRce5uywWWfS
we will be 1p on permitt
we will be 5p on j/v copper
chisler
Last post: Damocles, 25 May 2024 01:50
OK. So the permit is granted, and we can start producing,
Is your train of thought the plant has not been checked, double checked, and ready? We've had enough time to make sure it works, surely?
That's my take on the situation, but you are obviously not as relaxed as I am about it.
I share your frustration with the lenghth of time the permit is taking, but I can't see any reason why, given the quality of the people running GWMO at the moment, there will be such oversights of planning and testing prior to production, nothing works as intended when the permit is granted.
Ahhhhhhhh Moonboy. You don't half make me laugh. Eyes down for a full house and mines a Latte. Now where's that damn permit!
Until we wake up and smell the coffee Until the mine is actually functioning Then I’ll be okay. You can’t just turn on the Bingo That’s it it’s never that simple. I think a lot of people here Confused, they think it’s a coffee machine
The resident misery strikes again, Lol!
I don't think you have a balanced view. When the permit is granted, and it will be, what negative will you be spinning then?
Oh, let me not forget stage two and three. When is that gonna happen in 2025? Look how long the permits took and still not done yet