The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The remoteness of the location and the scale of the countryside - and hence the lack of people and resources locally - needs to be appreciated. Plus a big old queue of many small projects waiting on approval and a small number of govt. inspectors to cover them all. I can't stress that Mina and the whole area is extremely remote. We have nothing like that scale of enormity and therefore scarcity in the UK. Nothing like it at all ....
"no sane investor would take any information supplied here seriously" - That does lead me to ask exactly why and/or what you come here for at all then? @TheBasher
Yes the lab is fully built and functional. I've been in it ;o) Very impressive facilities too.
One of the problems of the area being so remote is that it is difficult to find staff and contractors there and to get supplies delivered and works done. Let alone government inspectors or electricity.
GWMO and the partner company however are not ones for needlessly wasting money on brand new kit, especially when perfectly serviceable second hand items are available locally.
- Jules
I can put your mind at rest there. The mill site is more than a set of huge steps - it is actually built around a small hill - i.e. a gravity mill. You can drive up it to the various levels on circular roadways. It is very much an outdoors activity!
Think about it. You have to put a lot of material into the top of the mill, to get comparatively small (but highly valuable) metals out of the bottom of it - hopefully. So, that means all that material has to get to the top - and then gravity (and water) takes over. What comes out the bottom is processed and separated by a grading table. The real value add bit comes in the laboratory over the road afterwards, where the resulting material is separated, identified and measured - assayed. And then it is safely secured and stored, obviously.
To further address your security question - there, er, isn't exactly anybody in Mina to thieve anything! Not for many miles around. I'm sure if ever there was, they'd very rapidly get shot at and dealt with!
"They must be supremely confident this licence is coming" - they are indeed. And so am I. As some people on this board here know, I've been to Mina, NV myself, personally seen and inspected the mill works and met all the people involved. I was more than satisfied with the progress and subsequently doubled my GWMO holding. Enough said.
It seems like my October visit to Mina, NV is still being referred to by one particular seemingly obsessed unfortunate on this chat board, with whom I am not going to engage directly (waste of time). But I am going to respond to their comment, for the benefit of others who might read it.
If you read back to my original posts on this matter you will plainly see that in no way was my visit to Mina and the mill site in any way an effort to "help the share price". That is a plainly ludicrous suggestion. Secondly, all will be pleased to know that the cost of my plane ticket to the USA was to cover many other destinations and activities and in no way was my trip planned around just a visit to Mina! Again, a plainly ridiculous suggestion.
I visited Mina because I happened to be passing there anyhow (and that's no mean feat in itself!) As part of my visit, I otherwise had a lovely long trip which was overall extremely good value for money and most enjoyable!
Might I suggest that if the concerned person is still so worried about the cost of my plane ticket, they might consider a trip to Mina, NV themselves - and STAY THERE!
Happy new year all!
-- Jules, Bristol, UK
Great. I'll propose date for a Bristol meet up in the New Year. Happy Xmas everybody!
Hello all, I am back in Bristol now until next year. The idea of a GWMO investor meetup in Bristol was mooted when I was in the US earlier this year, so if anybody local is up for it, I would be.
I know GWMO has some local Bristol investors, so might be a good idea. Probably not until after Xmas though!
- Jules, Bristol, UK
"Pictures have been shared on the Telegram group, assume they were yours."
No I am not in the Telegram group and I have not released any of the pictures I took while I was there. Reason is, I was allowed privileged access to the Mina site and shown around by Brian et al. I was therefore within a private company facility and freely allowed to photograph anything I liked, but on the understanding that I would not share those photos without prior consent of the Company, as there is soon to be an official release by the Company. This is all perfectly normal procedure. I have made it quite plain from the very start that my onl relationship with GWMO is that I am a small shareholder from Bristol, UK. That is all.
As to this endless nonsense about whether I have been to Mina or not, the name of the brothel next door to the site is the "WIldcat Ranch Brothel" and I didn't come up with that just by looking it up on Google! Nor by visiting it, I might add! although that august establishment does offer free WiFi I did note! I can't even guess what you'd want to be using WiFi for whilst in there though. Surely you would be "otherwise occupied"!
Jules
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
Thanks Tickintin - Appreciated. Brian did tell me when I was in Mina that GWMO had a shareholder or two in Bristol, which came as a complete surprise to me up there just as it has subsequently done so here on this chat board. What a coincidence! Seems we live in such a very small world, but it's good to know. Maybe we could arrange a GWMO shareholder meet up when I get back home to Bristol (on Dec 6th)? I could show you those *dang* pictures I took in Mina then!!!
Hi Kew - Yes for sure. I'm staying here for Thanksgiving then I'll be back in Bristol on 6th December. I live in BS4 1.. and over Xmas / New Year I'll be working at "Sparks!" sustainable department store in Broadmead, opposite Primark if you want to call in there and check me out if you're in town, just ask anybody in there! Or we can arrange a meet up somewhere Central when I get back. Jules.
Hello Thirstypigeon. Yes I do and yes I have and yes I have. I had actually been watching GWMO and what was going on on this site for quite a while, but I'd not posted anything back then as I didn't yet have anything to contribute. It was then pointed out to me by Brian that there are actually TWO GWMO threads on here - and I'd got the quiet one, so he pointed me here instead to do my posting.
So first of all, I don't see a way to post any pictures here on this chat board anyhow, where they would be relevant. If there is please tell me and I'll certainly be happy to post a picture or two proving I was in Mina NV a couple of weeks back. I would post one elsewhere, but I am currently cut off from my UK server out here, as I am on a US public wifi network as there is absolutely no cell signal out here in Tecopa, CA, for many miles around. We're lucky if we got water out here!!
But I still wouldn't post pics of the company's property, that is for them to do as and when they are ready, which I am 100% sure they will be. So as an alternative, I just provided the AirBnB links to prove that I am who I am and I am where I say I am, but it is a bit tiresome tbh if some people just doubt and question you for making what is intended to be an informative post to give people here some news from "on the ground" out here as it were, taking the benefit of the unique opportunity I had to come over here for a couple of months!
Happy to engage though and I hope the update is useful, but I am an individual small shareholder in GWMO as I know many here are - and there is no way I am going to in any way report as if I was involved in the GWMO, other than as that small shareholder. I hope what I am building here is that I am both genuine - and reliable.
Jules, Tecopa CA
Thank you for your support 6pots and chisler - much appreciated!
Well people. For your full information, I did not just "tip up to the site where the company is working, on a jolly". I had several other reasons to visit the US over this October and November, so I emailed the Company and informed them of the fact that I could arrange to pass through Mina on my travels and as a small shareholder from the UK, would it be possible to maybe make a visit to the site. I received a reply direct from Brian the Chairman, within 24 hours no less, saying "Yes that would be definitely be possible, the date is convenient too as most of the team will be on site on that day and we'd be more than happy to welcome you to see the site". So all was planned, the date (Wednesday 25th October) and the time (13:00) was all arranged.
I was made extremely welcome at Mina and given a very full guided tour of the site and met all the people and did a lot of talking about what is going on in Mina and how things are progressing - and I can assure you they are that. I was even treated to a hot dog by Brian the Chairman (as that is about all there is available in Mina!). Very nice it was too. Brian told me "You are the only shareholder (big or small) to have ever taken the trouble to turn up here Jules!". Of course I was made very welcome.
Anyhow FYI, I had been staying, via AirBnB, in the Assay Office at Goldfield, NV the two days before my visit to Mina. If you want to go look on AirBnB for Goldfield Assay Office, you can see the review I left for Tim the host - and the dates I was there. Here is the URL: https://www.airbnb.co.uk/rooms/955284089220336094 - proof enough of the fact I am traveling Nevada?
Right now, I am in Tecopa, CA and once again - see my review for Sharon, host of The Hippie Hut where I am still staying right now, right here: https://www.airbnb.com/rooms/32717767
Personally, I find the fact that certain people on this chat board choose to question and challenge me personally over a perfectly genuine post that I hope is as informative and helpful to people as it is factual, somewhat tiresome. Why bother engaging with a chat board if you are not going to believe and/or question anything that is posted on it? Ridiculous. So, doubters, I have now provided very specific evidence that I have traveled during October between Goldfield, NV and Tecopa, CA via Mina, so you prove I haven't! Others who wish to check out this "evidence" I have now provided here, can of course, just take it at face value.
Jules, Bristol UK, currently Tecopa, CA
I am not going to post any photographs from my visit to Mina at the moment, as company chairman Brian told me there is a full update due from the Company soon, through channels much more official and recognised than this chatboard is! I have absolutely no wish to disturb or spoil any pending company announcement by pre-empting it, as just a casual small shareholder, which I fully acknowledge I am, I have absolutely no right to do so.
Besides, this is a chat board and I don't see a way to post images as part of this chat. If anyone can advise me how, then I sure would be happy to publish a picture or two that prove I have been to Mina recently, but they would not be of the mill site for the reasons stated above.
It is not an easy location to work from. Mina is very remote from anywhere, but there are some damned fine people there, on site. I have every confidence they will get into production, with or without the challenges the locality presents. What's been achieved so far is, I would venture to say, impressive!
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 all 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, most probably a buy.
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.