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Excellent news indeed! Can see this testing the 1p region over next couple of weeks GLA

Just worked it out will be 0.20 as new shares raised 3.17M so net proceeds probably after fees will be 3M

We won't have forgotten about it by next week as we'll be constantly reminded that there are now nearly 10BN shares in issue

Was not expecting another placing after just placing for £6M last week ffs! If the asset is that good then why more equity raising instead of debt finance?!!

If the lab results are encouraging and they ramp up production I see a £50M Mcap company here.

However given that they are funded for this year to the tune of £2M, with hundreds of soil samples completed, surveys carried out along with satellite imagery and funds to drill extensively, I can see a couple of decent gold deposit finds being announced as they track potential veins in the Rockhouse, Mineral Jackpot and Olympic areas. If this is confirmed then we have a £100M Mcap company in the making.

The great thing about Great Western is that they are not a one track pony and while they are concentrating on gold and silver production there is still a chance of a larger company coming in and doing a JV with us on the already proved copper resource at any time. Given the favourable copper price right now this seems pretty likely.

2 price monitoring extensions right at the end - can see this opening up in the morning perhaps between 0.28-0.30

This could finish blue again. Despite the sells the investment case is too compelling and I think many are realising this GLA

This will definitely catch a few out when we get a drilling update great buying opportunity right now

Although there are differences with GGP and GWMO the huge potential is still there. For anyone unsure of the difference I think chisler summed it up perfectly the other day....

"to mine gold in australia is very expensive
because its so far under ground they have had to develope block cave mining
capex is astronomical and compounded because they have to extract huge tonnage of material for small amounts of gold
look at newcrest capital expenditure over in oz alone..look at telfer and the panic there in because they have to find more rock to crush with small amounts of low purity gold in to feed the monster plant theve built to keep there shareholders divis... hence the rush to haverion to feed it.
nevada is totaly different
most of the gold is typically on or near the surface , and relatively easier to mine, and usually of high purity, and most importantly for gwmo is more highly concentrated .. more gold from less tonnes of material mined,therfore much lower capex.
at the moment gwmo is a stand alone concern/no partners to please/ and have demonstrated it is posible to PRODUCE GOLD from there existing tenements
if you can be bothered you would have found out by now that back in 2019 gwmo did over 242 soil samples in the rock house group showing all major metals and pathfinder minerals.."

Plus since last year we have acquired potentially another huge asset....Olympic which was unexpected. So we don't have just one asset.
We also have the inferred jorc copper resource of 4.5M tonnes. It may have escaped some people's memory but the upper end estimate was mentioned to be up to 200M tonnes as the higher end and 20M tonnes as a lower end estimate of copper.
Worth mentioning also that the company have NO debt. Zero. Zilch. They also have NO CLN's or death spiral financing such as Riverfort or Yorkville and have 100% of all licences. In an area that is one of the most mining friendly districts in the world with some of the highest grade purity gold and silver. There are lots of other companies hoping to produce gold ONE day but we are actually technically doing it NOW.
So although I'm not claiming that the SP will ever reach the dizzy heights of GGP which some may say is overvalued at it's current price, what I am saying is that even if Great Western only ever reach a fraction of Greatland Gold, say one fifth then that's still somewhere between 6-8p a share given that they have nearly a billion more shares than us.

NEWS PROVIDED BY
FinancialNewsMedia.com
06 Jan, 2021, 14:00 GMT

- FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., Jan. 6, 2021 /PRNewswire/ -- "Many reports on "The Street" feel that, with the gold price rising to new heights amid the coronavirus pandemic, a shakeout upon the arrival of a vaccine was inevitable. Still, the intermediate-term outlook for gold stocks and the gold price looks reasonably bright, because Fed policy is likely to remain ultra-easy for years to come"

"According to Metal Miner, The bulls are predicting a resurgence in the price to U.S. $2,300 per troy ounce in 2021. The article said that: "Goldman Sachs (recently stated) they had a target of $2,300, as recovery from the coronavirus-related recession fuels higher inflation next year. Goldman's economics team sees inflation rising to 3% next year"

Let's see if you're here next week madgpol when this keeps rising - thought not lol

Mr Rogerson I thought that would make you chuckle!

Good volume so far today as chisler says

"believe in the trumpet"

Perhaps Great Western could benefit from this new machine in their quest to find gold amongst rocks lol

https://youtu.be/Rup5pFl173A

NEW machine will lead you to massive amounts of gold - ask Jeff Williams

We just received a new type of Gold getting machine that releases Gold from the rock. We took it out to the Gold fields and it did what they said it would...it led us to massive amounts of Gold in the rock. We highly recommend this portable impact mill if you are into Lode Gold mining.

I think the results could come anyday now. The 18th Nov RNS confirmed that the lab exercise was already in progress at that point so we may even get it this week.
What would also be a bonus is if we got more info on the doré bar they produced in terms of purity and weight. Although not necessarily important right now it would certainly be helpful. Plus if they sold the doré bar that would be a further bonus to get confirmation of this as it would be another milestone for the company to get first ever revenue. What may also come anyday now is a firmed up plan for commercial recovery, the full detail of which should become known as soon as the lab results are official.

"Optimum commercial recovery for the longer term is likely to be via construction of a cyanide vat-leach facility on company property, currently being evaluated and specifics of which will depend on a laboratory exercise now in progress in the UK, using a consignment of air-freighted material. The first batch of lab results are expected early in the New Year."

Just bought another 2.8M at 0.235 but surprise surprise not showing up yet

Back to flat may even finish blue today...

Wow I think that's the first SLIGHTLY positive post from you Alyhels in a long long time things must be looking up lol

Some nice buys this afternoon. One of the best minnow gold plays out there at the minute.

Exactly tb very good point

Great news! I wonder what the weight of the doré bar is? As chisler mentioned recently they can be up to 25kg in weight