Member Info for 28jaczar01

Just posted on YT….worth a watch to get an overview of the Company.

https://www.youtube.com/watch?v=fo1t61yrwmo

Worth reading carefully all the small print further down below the headline numbers. For example this cost estimate has a -10% to +30% accuracy. In dollar value terms that’s a significant monetary size variable risk that is skewed towards potential upside, that will concern potential lenders.

Corcel

It’s been the same market maker (SCAP) on the ask in the past few weeks. When he runs out of stock which could happen at any time, then that will be the main selling overhang gone and the SP should really start to move up quickly with buying demand. So at the moment SCAP and whomever he is selling on behalf of is giving investors here a great opportunity to take cheap stock still at sub 2p. Fill your boots time…..

Again today they are already putting plenty of the buys over on Aquis. Suspect they want to try and keep the rise steady….That’s no bad thing. If traders turn up too soon we get P&D outcome.

Resurrecting this thread so that new readers to the WSBN board can read the excellent input from AGEOS who is well known on several other explorer boards, as given on 6th November. It is the imminent drill results from Cottlesloe that has us eagerly anticipating the red dot at 7am each morning. Maybe this is the week…..GLA

DSFLAT….yep it’s good to go with your far fetched conspiracy theory.

Makes much more sense than the likely story that Stalicia has lost interest in SFX-01 and this non payment situation is a pre-cursor to them bailing out of the agreement with EVG.

Will be a double whammy for EVG if the agreement ceases and then management goes down the legal path with lawyers expenses to try and pursue them for damages. That would accelerate the cash burn with no assurance of a timely positive outcome.

Plenty of buy trades “hiding” over on the Aquis exchange. Once the MMs let this go it could hit 2p in a heartbeat as herd arrives.

Well noted PP….It was AGEOS posting previously that got me aware of wishbone as we are both holders of Empire from the circa 1p days and he is very knowledgable on geology.

Like rest of the market I was waiting here for the inevitable funding which was recently announced and it was quite positive as it was not at a discounted price (1.2p) and was not for a large amount and so I am hopeful that there is good news coming soon to propel the SP upwards from current lowly market cap.. Now I am just wanting to see these daily 1 million x 1.1p sell trades come to an end. I don’t think they are forward selling the placing shares as would make no sense to take an immediate loss, but who knows…….Placing shares come to market on 8th Feb so will be interesting to see what happens when they are in play.

I recall you posting intelligently on OMI in the past for the benefit of others on the board. That’s another oversold explorer with good assets who should come good in future. Appreciate your ongoing contributions here on wishbone.

The Barclays news must be coming soon….maybe leaky today ?

Yes the recent increasing volume on TSX is encouraging. Perhaps the newly hired VP of Investor Relations & Business Development who is Toronto based is already bearing some initial positive fruits via his local business community networking to be getting more eyes on Serabi in Canada.

It will likely be at the big annual mining conferences that are based on the American continent (covering North/South America, Canada, etc) where he will add the most significant value to Serabi where they have needed someone in-situ to enhance their visibility amongst the large number of mining Companies on the Canadian stock exchange.

Could be that in this coming year where the BOD can foresee having lots of positive news, that hence they are seriously pursuing for such measures that act to promote to drive up the share price towards its true value.

https://ca.linkedin.com/in/andrew-khov-cpa-ca-cfa-a020bb41

And the winner of the two horse race is “the heavily discounted cash raise”…..now have to hope the “JV approval confirmation” doesn’t fall at the final fence.

This RNS is much more than just a 3 year renewal of the existing trial mining license……major news is that it allows for the deployment of crusher / ore sorting facilities at Coringa.

This will allow them to significantly enhance the gold grade in the ore before they truck it up to the Palito processing plant.

Referring to their previous ore sorter testing results per 22nd June 2022 RNS where they achieved circa 20 gram/Ton.

https://www.lse.co.uk/rns/coringa-development-update-d5fho6ohq936ui1.html

So if they are allowed to transport 50,000 Tons per year and they have got the grade up at circa 20 g/T before the transportation then the contained gold will be: 50,000 x 20 / 31 = 32,258 ounces.

Allowing for a 80% recovery rate during the ore processing at the Palito Plant then you are looking at circa 25,000 ounces per year generated from Coringa Ore.

WOW !!!

If in the short to medium term you were trying to make Avacta less attractive to big pharma for making a low ball price take-over offer specifically for obtaining its Therapeutics assets, then you might look to employ a strategy of having some other assets such as diagnostics in the mix that muddies the Avacta water………..just saying 🤔

Should read “exiting times”

Bfdinvestor……let me spell it out further:

Here is the RNS related wording……”Initially the mill will process approximately 35 Tonnes per day and has the capacity to be expanded at minimal cost to 200 Tonnes/day”

The key word to note here is “MILL”…..There is a whole lot more needed for expanding the overall “PLANT” for processing 200 Tonnes / Day in addition to the expansion of the “MILL” component.

When something sounds too good to be true then it usually means it is too good to be true.

Must admit first time I quickly read the RNS this morning I also thought same as you but it did not make common sense to me that you could increase overall capacity by such a large factor with only minimal overall cost impact. So I read through the RNS again a few more times and then I spotted the smart (you may prefer to call it deliberately misleading) use of wordings that the BOD has used.

My view is that this wording was aimed towards getting a strong SP pump today, which was achieved. Let us wait to see what happens next.

Bfdinvestor……I did mention the 200Tons/Day future potential……In my view this is a pipe dream and it’s naive for anyone to believe that you can expand the plant throughput by circa 4 times for minimal cost impact (if it truly was the case then surely they would have gone straight away for installing this much larger capacity basis). Anyway GWMO will likely not survive long enough to try & implement it.

Furthermore, the Environmental permit delay for the gravity separation (phase 1) facility is already causing them problems so can only imagine what they will face from authorities when they try to pursue for permitting on phase 2 which involves leaching process.

I fully expect a heavily discounted placing notification from GWMO at perhaps 0.025p within this month. They needed todays SP pump to even get it away at this lowly price.

My motive for posting here today is that I made a promise to myself after I had failed to post on the HZM nickel Company bulletin board back in June 2023 that their released site photos at that time were to me visually indicating a significant construction progress delay (which was the reality subsequently declared by the Company several months later which caused a 90% drop in their SP), that whenever I observed a similar situation on a stock where shareholders were at high risk then I would post my views for others to take into their consideration and accept that I would get branded by many as a de-damper. I have a thick skin and I have confidence in my viewpoint so this is no issue for me. If I can save some on here from big losses then it is worth it.

In any event everyone should DYOR. This will be my last post here today, I have said my piece.

Thanks aprogerson……..yours is a much more detailed version of the calculation versus my simplified version but the outcomes for the daily ounces / revenues are in the same ball park.

So I would maintain that this is a crazy white elephant path that GWMO has gone down and I foresee it will ultimately be their financial undoing. The maths tells the story.

Cesarmonty.

I have captured the 50/50 JV aspect in my posting. Yes the costs are shared but so is the access time to use of the facility.

Please show your different calcs.

RNS today states initial operating period foreseen at 35 Tons/Day (equates to circa 1.5 Tons/hour).

Assuming they initially target to use higher grade feedstock then we can predict extraction on average of 2 grams/Ton of gold equivalent. Hence would optimistically achieve 70 grams of gold recovery per day. That is just over 2 ounces of gold/Day, worth around 4500 USD at the current gold price.

Once you take account of the operating costs etc for the processing/transportation & handling and noting that it’s a 50/50 JV and so GWMO only gets 50% of the plant running time and hence the gold amount then I would foresee a FCF profit during this initial operations period being only a few hundred bucks per day at best (and that assumes no significant start-up teething problems that would need to be fixed).

On this basis, this is not as some people posting here today would have us all believe going to be in the near term a serious revenue generator to deliver any meaningful amount of free cash flow to support other ongoing GWMO costs for exploration, working capital, admin, etc.

Looking further out after this initial period of operation, the RNS mentions 200 Ton/Day as being a future potential capacity scenario (I assume when the phase 2 (leaching) etc is implemented, etc). This scenario is a long term goal & is irrelevant for the short to medium term.

What they should have reported (but didn’t) in today’s RNS is what the current completed processing plant (phase 1 gravity separation only) will achieve once ramped up to its nameplate capacity after completion of the initial operating period. This is the medium term target of what would actually be achievable and hence allow revenue/profit estimates to be assessed by shareholders. In the absence of these details in this latest RNS you have to go to the 6th June 2023 RNS (link below) where some related info is given as follows:

https://www.greatwesternmining.com/greatwesternmining-com/_img/pdf/230606-processing-update.pdf

This earlier RNS speaks of running the plant at upto 5 Tons/hour for 70 hours/week (total for JV). This equates to 50 Tons/Day (average). Using the same 2 g/T grade gold equivalent as used above then it gets you to a gold amount of 100 grams (overall for both parties of the JV) and so that gets them to just over 3 ounces of gold per day (average) which is valued at around 7000 USD. This increased amount is hardly moving the goal posts versus the initial start-up period amount.

Happy to have anyone pull my back of an envelope numbers herein to pieces…..but if true then this processing plant is a crazy white elephant and could very likely lead to GWMO going tits up. They should have stuck to the relative safety of exploring & hoping to hit a motherload somewhere.

Finally, I have always been suspicious of the lack of visuals from GWMO for this processing plant facility. No photos in their presentations/ RNS for shareholders to get clear understandings o