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TMX 0.6¢

great western

  1. minoil

    7,272 Posts.
    might be time for a new thread....
    i admit i was disappointed with the drilling results, just my short term attitude ...
    i originally bought in because it was such a bargain....and still is...
    2 mill MC

    1 mill in cash, 400k+ in BGH shares, and, the Great Western project....a jorc resource, with good potential to expand the reserves....remember, whats quoted is at 5 grams/tonne...no mention of the lower grades, which would affect the economics with gold as it is....i'm not sure what else is in the area, but higher grade ore could be trucked to a mill for toll treating, low capex stuff..we should'nt rule out a JV to move the project forwards..
    Not forgetting Dodgers Well...the drilling only adds to the knowledge of these historic workings....lets not give up so easy
    Add everything together, your getting 5-6 million dollars worth of cash and projects ....certainly, as far as i'm concerned, its worth taking a bit more of a medium term view of this....so, at .005 or lower, i think i'll be in the market for more

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