As I had posted earlier,I have held the belief that Great Western would become a 100k ounce Gold resource asset.Leaving the prospect of potential acquisitions aside,lets look at some substance.At a contained resource base of say 65k ounce.80% recovery.AISC of 950 -1050 dollars.Profit $500 an ounce.Return $26 mill over a 18 month-2year time frame.Start up costs at full price 5-6mill, with the shallow high grade intercepts possible at 2-2.5 mill,with delayed payment.My valuation at current levels MC 10-12mill.P.S. I would suggest fellow investors to avoid these Lithium brine assets.The only thing mined,in the fullness of time,will be your pockets.
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Ann: Exceptional Drill Results at Great Western Gold Project, page-17
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