Great Western Mining Corporation Plc Share Price (GWMO.GB.PL)

Well another company stitching up private investors. Fun raising at 30% less than the current share price without giving anyone the option to participate. Deplorable.

This is dragging on and on isn’t it. I can’t believe a state that has such a mining pedigree can have such big back logs and be taking so long to come to some form of conclusion.

Worrying the longer this goes on…..

Correct. Tailings in USA = spoil in UK. It's mostly tailings / spoil from previous gold and silver mining over the past 150 years or so. Nevada is a big, wide open, empty country up there and there is an awful lot of it about, if you have a legal claim to it, which GWMO most certainly does! And the water to run a gravity mill, because that's how it is done and that's what is being built and what we are talking about here. GWMO also has that *very* rare legal resource, explained in great detail to me. Water rights are obviously a very important and valuable thing in a desert be it for gravity mills or cattle! (Well, it's not quite a desert, but you get the idea).

Of course, over the years, processing methods have improved vastly and it's still not easy, but we are still much better at extracting and separating valuable metals from minerals that we either wouldn't have got out before, or if we did, it wouldn't have been economically worthwhile to process them back then, but now it might be. As it was explained to me, the key is to get the available valuable stuff out, obviously, but you've also got to stock pile or save for later stuff that isn't worth it now, but it might be later and then they other key thing is you got to get RID of the waste, sensibly and environmentally, so everyone is happy and you don't end up with a polluted site and a liability twenty or fifty years down the line. There are plenty of those over here!

Anyhow, the mill eventually gets the light stuff out the top (in this case lithium - and there's plenty of it), then the mid stuff, then the heavy stuff. Being able to assay the lot and see just what you've got is very important - and GWMO has that facility in a mighty fine form - I've seen it for myself! When I visited I quickly spotted a Periodic Table on the mess room wall. That gives me confidence and these people sure know exactly what they are doing.

It has also been known / suspected for a long time around Mina and area that there are valuable copper deposits there which have all been identified. It just hasn't been economically viable to start working them out until possibly now or quite soon. GWMO has some of the claims - potentially big ones too.

As to whether what I've been writing on here and whether or not it has affected the share price recently, well that would be nice if it did, but I have always declared my interest as a small shareholder here over and over. I am simply relaying the facts, as I have had the opportunity to go there and see for myself, so that other people can make their own judgment about the facts. I have, of course, also previously provided proof of the fact I have actually been in Nevada!

Jules, Bristol UK currently Tecopa, CA

A nice bit of news @Bristol_jules thanks for sharing your thoughts

Only an occasional visitor to LSE I was prompted to look at the chat as the price looks to have gained 6% today although not reflected in LSE (above) so perhaps that positive news is close

Anyway, one thing that I've been meaning to find out - the initial milling will be of tailings I believe, guessing tailings is another word for spoil, how did the spoil happen - what was the site previously dug for?

I went to Mina, NV last week to take a look at the new mill site, being a small shareholder in GWMO myself. I was made extremely welcome and met all the team including the Chairman and the FD. I can assure everybody that this investment is very much alive, that the team are all true professionals and that the mill site progress is coming along very well and in compliance with Nevada regulations, albeit a bit delayed due to difficulty in recruiting staff and getting materials on to site. The joint venture for the mill site with an on site US resident with a vast knowledge of minerals and mineral processing was to me a particularly wise decision (and probably the only way of achieving such a project). Personally, I have a great deal of faith in this company, having visited the site and met all the key people. I would expect production to start at the new mill during Q1 2024. My opinion is definitely a hold, if not a buy.