RE: Opportunity15 Jun 2024 10:51
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.’