Setting up for Commercial production9 Jan 2021 19:29
"Great Western pours first gold, silver at Nevada project"
4th January 2021 BY: Donna Slater
CREAMER MEDIA STAFF WRITER AND PHOTOGRAPHER
"The success of the trial proves the concept of being able to extract gold and silver from up to 12 000 t of material"
"Great Western chairperson Brian Hall says the pouring of the first gold and silver is a significant event for the company."
"we will be able to plan for commercial exploitation of precious metals as well as commence a new drill programme. We are well funded for our current requirements.”
EDITED BY: Chanel de Bruyn
I think the market is finally realising 3 VERY important factor's here for investing serious money into this company.
Firstly that the company WILL BE not MAYBE but WILL BE planning for commercial production after proving the concept.
Secondly that they will be drilling new gold veins as soon as possible now that they have a rig lined up. And given the latest where Brian said they've had mild weather and have actually had people on the ground during this month that could be as early as Feb.
And thirdly they are well funded for the year with potential also to create revenue to top up their cash levels. So make no mistake, I see no threat of further placings for the foreseeable. There are warrants to be executed as the SP goes up which will bring further cash but apart from that the company has no other partners to please, no debt, no CLN's, no death spiral financing, low cash burn, plenty of cash, proved up copper and HUGE amounts of previous metals. In the grand scheme of things 3BN shares at this stage is not a lot really especially if you compare us to VAST who have I think nearly 21BN shares?!! Also I know who I'd rather have at the helm here out of Brian Hall who is a throughly modest transparent chairman or Andrew Prelea!!