To Think About16 Jan 2021 14:14
I have a few reservations about GWMO :
1.That nothing of any great importance is going to happen before mid March when the winter in the high sierra of Nevada loosens its grip. I know that the lab survey of some tailings will be completed before then, but I don't think the tailings will prove to be game changing in any way.
2. GWMO is dependent upon local contractors in Nevada, and the work of a very top heavy,( and costly), seven man management team seems to be liaising with those contractors . So far as I know GWMO has nobody on the ground in Nevada.
BH has spoken about more magnetometer work and,later, about using a small drill and some pickup trucks to do some drilling. The terrain in the sierra is challenging and GWMO have also indicated that they will not be updating the road,(undoubtedly for cost reasons).I can't imagine when there might be construction of a leaching plant.
3.GWMO talks about investing in further mining resources before it has done anything worthwhile with those they currently possess.
We still have no idea of the value of the gold extracted,so far, from the tailings, and I doubt we will be informed.
My feeling is that there are possibilitiies in GWMO, but it may also be a typical AIM cash cow for the management. Time will tell. But AIM investors, ( usually with reason), are not very patient!