RE: 500% rise according to broker notes19 Jun 2023 12:08
Looking forward in 2023 I can see:
1) Processing JV = licenced & operational processing MJ and OMCO tailings
2) New OMCO vein further drilled & delineated = 8g/t assayed in 2022 & historical grades circa 25-30g/t gold
Latest Presentation says:
2022: Indicated JORC-compliant resource of 31,000 tonnes at 1.6 g/t in OMCO Mine tailings
2022/23: Created 50-5 JV with local contractor/landowner to process gold & silver, now under construction
2023: Currently diamond-core drilling at the OMCO Mine
RNS Sept-22 OMCO drill results:
o 2.682 g/t Au average over an interval of 6.10 m, beginning at 38.10 m, including:
o 8.110 g/t Au over 1.52 m, from 39.62 m, and
o 1.747 g/t Au over 1.52 m, from 41.15 m
IMHO with just one of the above I can comfortably see £8-12m MCap and £20m+ with both. The JV allows GWMO to up their game and the new OMCO vein when established will be a serious game-changer as it is shallow and very high grade