Nice write up. Good Read.6 Jan 2020 12:18
"Great Western Mining Corporation. The new Aminex?
While some commentators have dubbed Great Western Mining Corporation “the new Aminex,” the commonality lies in management only. Brian Hall, the executive chairman of Great Western was the founder and chairman of upstream oil and gas company Aminex until August 2018. He’s been joined by Aminex’s former CFO Max Williams.
Together they took part in Great Western’s most recent raise showing commitment to the business which is refocusing after a consensual boardroom reshuffle.
Exploration is embedded in Hall’s DNA and its apparent in his commitment to finding gold in the tough terrain of Nevada’s Excelsior Mountains range.
Gold is just one of the targets in Great Western’s portfolio there, and in addition to recent soil sampling for the yellow metal, the company has long been committed to finding a partner for its copper projects.
The company is leanly managed with available capital now focused on the near term, realistic discoveries on a low exploration budget.
Hall has a Shackletonesque approach to discovery. In December investors were told about the gathering of soil samples for laboratory analysis completed by a three-man team despatched from the UK and Ireland, “working against the clock just before the snowfall season.”
The samples have been delivered for analysis to a laboratory in Nevada and results are widely anticipated to be released at the beginning of 2020 when investors will find out if the ‘Mineral Jackpot’ property lives up to its promissory name.
Overall Great Western has six concession areas with the potential, it believes, for exploiting short term gold and silver deposits and in the longer term what data suggests are world-class copper deposits.
The company owns 100% of its assets, and with a just over one million pound market cap, lean management, the experience of Hall and Williams and the imminent soil sample results, investors are joining Hall and following where he put his own money."