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06/02/16

15:03

Post #: 16958068
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Originally posted by kroehny17 ↑

I actually emailed the company yesterday in relation to what's going on as I found the quarterly a bit vague. Unfortunately the response didn't really give me much more of a guideline. Since I haven't asked permission I wont paste the response in full here though I'll paraphrase.

Essentially I was just asking for a guideline on when we may expect some news on either the scoping study progressing or more exploration though he couldn't really give me an estimate so it's just a wait and see on the results of field work being done at present. It did sound as if they are actively looking for a JV partner for the project to extract value, probably without so much dilution as ultimately they are looking to acquire a world class project if they can find something suitable which given the beaten down nature of many commodities it's probably a reasonable time to be shopping.

I actually grabbed a few more on Friday as I feel the market cap is now peanuts around 2 million with nearly half of that in cash. The rising gold prices is very appealing as not only would it increase profits on such shallow gold but it might help in finding a JV partner to get things moving.

A bit of patience required overall I think and of course risk of capital raisings down the line is certainly there.

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Hi kroehny17

hopefully great minds think alike. I topped up on Friday too. And like you I think a bit of patience will be very rewarding. Getting the mine back and actually having the $200,000 become available just added to the growing good fortune. Now all we need is a JV partner and the PoG to stay stable or increase and we will have a simple, low cost winner!
IMHO

TMX Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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G Western, page-4

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PhosCo inks MOU with Tunisian gov't, EU bank to pave way to Gassaat fert project

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