Report from Mina, NV30 Oct 2023 23:44
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.