Gowest Gold / GWA (CVE)

Hallo,

aus meinen Recherchen der letzten Wochen hat nochmal ein Goldhamster hervorgelugt, auf dessen Verlauf ich nun über die nächste Zeit gespannt bin.

Sie ist jetzt aber fast schon die letzte Mine, bei denen alle mir wichtigen Parameter zur Zufriedenheit erfüllt waren, nicht ganz so gut, wie bei Claude Resources und Eastmain Resources, aber immerhin recht gut. Sie planen bis 2016 in ihrem Bradshaw Gebiet im Nord-Timmins Gebiet in Produktion zu gehen, wobei das ambitioniert ist.
Dennoch, sie haben recht gute Grades und sind mit umgerechnet 7-8 US$ pro Unze Gold nicht teuer. Außerdem gibt es erkennbare Insiderkäufe, obwohl bald wieder per PP o.ä. Geld gesammelt werden muss.

Mit einer mittleren bis kräftigen Einstiegsposition bin ich deshalb nun in Gowest Gold gegangen, in Kanada & zu einem Kurs von 0,05 Ca$.
Ich sehe sie als mittel- bis langfristige Anlage, die einen sehr hohen Hebel auf einen steigenden Goldpreis zu haben verspricht.

Hier die Homepage.

http://www.gowestgold.com/

Zitat

Gowest Gold Ltd. is a Canadian gold company focused on fast-tracking the development of its 100% owned, Bradshaw Gold Deposit (“Bradshaw”) (formerly named Frankfield East), part of its North Timmins Gold Project (NTGP). Gowest is also exploring additional gold targets on the 109 square kilometre NTGP land package it controls and continuing to evaluate acquisition targets in the vicinity of the Pipestone Fault area, part of the prolific Timmins, Ontario Gold Camp. On November 20, 2012 Gowest announced an updated NI 43-101 resource which included 945,600 ounces of gold (“Au”) in the Indicated category (6.0 million tonnes at a grade of 4.9 grams per tonne ["g/t"] Au) and 536,800 ounces of gold in the Inferred category (3.7 million tonnes at a grade of 4.2 g/t Au) at Bradshaw. This estimate is based on a 3.0 g/t Au cut-off grade.

Gowest boasts a highly experienced and capable management team and board with a proven track record of success in all key areas including finance, exploration, mine development, business development and gold production.

One focus – Gold.

Allerdings ist die PEA von 2011 und die nächste Studie (feasability study) ist erst unmittelbar in der Pipeline ... sollte sie aber erfolgversprechend sein (-> die Insiderkäufe deuten sowas möglicherweise schon an, denke ich), dann könnte der Wert abgehen wie die Luzie.

http://www.gowestgold.com/inde…ns-gold-project/overview/

Zitat

Gowest has been exploring the Frankfield Property since 1983. A number of diamond drilling campaigns have been carried out on the property and semi-continuous diamond drilling has been carried out since 2004. Following a reorganization and change of the Company’s management team, Gowest has more than doubled the size of the original mineralized envelope at the Bradshaw Gold Deposit (formerly named Frankfield East) since 2010 when it contained an Inferred mineral resource of 510,000 ounces (oz.) of gold (Au) (2.4 million tonnes at 6.5 grams per tonne gold “g/t Au”).

In mid-2011, Gowest contracted a HELITEM electromagnetic and magnetic airborne geophysical survey (“the airborne survey”) covering what was then – before Gowest added more land to the project area – the entire NTGP to map the geology and structure of the area.

In June 2011, ACA Howe calculated a National Instrument (NI) 43-101 compliant resource at the Bradshaw Gold Deposit of 348,000 oz. Au in the Indicated category (1,621,000 t at a grade of 6.68 g/t Au) and 838,900 oz. Au in the Inferred category (4,342,000 t at a grade of 6.01 g/t Au). A positive Preliminary Economic Assessment Study (“PEA”) was completed in 2011 that, using a gold price of US$1,200/oz., demonstrated a pre-tax net cash flow of $US 265 million and a 3.3 year payback period based on the 2011 resources with annual production rate averaging 95,000 oz. Au over a 10-year mine life.
Highlights of PEA:
Note: The PEA is preliminary in nature. It includes Indicated and Inferred mineral resources, which are not mineral reserves and do not have demonstrated economic viability; there is no certainty that the estimated results of this PEA will be realized. *This assessment does not incorporate project taxes, which are typically in the range of approximately 30%.

Gold Price $1,200 /oz (versus 24 month average of $1348 / oz)
Initial Capital Cost $167 million (includes buyout of 2% NSR)
Life-of-Mine (LOM) Sustaining Capital $86 million
LOM Pre-tax Net Cash Flow (PNCF) $265 million* (23% internal rate of return – IRR)
Average LOM Cash Costs $660 /oz (includes G&A)
Overall Gold Recovery 95%
Average Gold Production (10 years) 95,000 oz / year
Mine Production Rate 1,500 tonnes per day (tpd)

In 2012, the Company completed the environmental baseline work for mine permitting, a First Nations Memorandum of Understanding agreement, a positive full-scale ore sorting optimization test and a drilling program focused on further resource expansion at the Bradshaw Gold Deposit and other regional exploration targets. Site reviews were carried out for the construction of an ore processing facility. The resource expansion drilling program confirmed gold mineralization to at least 1.4 km along strike and 1.1 km vertical depth (deposit remains open). Based on this drilling, an updated NI 43-101 compliant resource of approximately 945,600 oz. Au in the Indicated category (6.0 million t at a grade of 4.9 g/t Au) and 536,800 oz. Au in the Inferred category (3.7 million t at a grade of 4.2 g/t Au) was completed by Neil N. Gow, P. Geo., an independent Qualified Person, on November 15, 2012.

Gowest is currently conducting underground advanced exploration and mine development plans, carrying out permitting activities, and detail diamond drilling is ongoing for mine stope development at the Bradshaw Gold Deposit. The completion of mine site permitting is anticipated in late 2013 with bulk sampling and a feasibility study planned for 2014.

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... Bzw eben jetzt, 2015.

[Blockierte Grafik: http://www.gowestgold.com/wp/wp-content/uploads/2013/02/Bradshaw-Development-Timeline-October-2014.png]

Mal schaun. Mir gefällt die Mine!

Und der Rest ist - Geschichte.

Gruß,
gutso

Nun doch noch ein Nachtrag.

Hier ein Artikel von Ende September 2013, der viele Infos zusammenfasst, die immer noch gültig sind. Und er verdeutlicht, wie stark die Verzögerungseffekte durch die gefallenen Spotpreise sich bei Gowest ausgewirkt haben (und ich finde dies ist angesichts der Situation im Minenmarkt eine nicht sehr starke Veränderung), ursprünglich war ein Produktionsstart Ende 2015 angepeilt, nun mittlerweilen 2016:

http://www.proactiveinvestors.…immins-project-48481.html

Zitat

"Bigger is not always the name of the game; it’s the quality of the asset [that counts] especially in these markets."

Und:

Zitat

The PEA, which was based on a gold price of US$1,200 per ounce, put the initial capital cost of building an underground mine and a mill capable of running at the rate of 1,500 tonnes per day at $167 million. The estimated cash costs detailed in the assessment were $660 per ounce. (...) Unlike many of their junior mining brethren, Gowest predicated its figures on a per ounce market price for gold that at the time seemed a very modest level; thus, the recent swoops and dips of the market have left its plans for the most part unchanged.

So. Und anbei noch ein paar Fakten als Screenshots aus der aktuellen 2015er Presentation für die Investorenkonferenz in Kanada Anfang März unten im Anhang.

http://www.gowestgold.com/wp/w…orporate-Presentation.pdf

Grüße,
gutso

Die Seite kannte ich bis heute noch nicht, was mir gefällt sind die nachvollziehbaren und ausführlichen Darstellungen!

Zitat

Summary (from last analysis - 12/28/2014)

Gowest Gold is undervalued, with a FD market cap of $15 million. They only have one property (North Timmins), but it is large (25,000 acres) and has 17 targets. Plus, the Bradshaw deposit is a 1.5 million oz (4 gpt) resource that looks like a sure thing. It is a high grade surface and underground mine, where the grades are increasing at depth. The North Timmins property is located in the Timmins gold district in mining friendly Ontario, Canada. Gowest is valued at $10 per oz for future reserves and could easily be a medium term 5 bagger, and a long term 25 bagger. The only red flag is they have not obtained financing yet, but the capex is only $60 million. The IRR is 50% at $1250 gold, making it extremely economic.

The PEA (preliminary economic assessment) is for 95,000 oz of annual production. At that production rate, there is no reason this stock cannot rocket from its current valuation to a $500 million market cap (at higher gold prices). After all, it is located in Timmins. This current correction in mining shares has been severe, and Gowest has been an overlooked stock. The risk/reward is excellent. I do expect them to further dilute shares to finance the mine.

Danke, value!

Gruß,
gutso

...

Ich habs heute mal riskiert und auf dem niedrigen Niveau kräftig Gowest Gold nachgekauft, auch ohne News.
Zudem Neueinstieg mit einer kleinen Position bei valuemans Red Eagle ... .

Gruß,
gutso

http://www.marketwatch.com/sto…-mine-2015-08-26-71733116

Fangen wir mal mit dem Schluss an, weils schon älter ist:

Zitat

About Gowest

Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw), on the Frankfield Property, part of the Corporation's North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100-square-kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43-101 compliant Indicated Resource estimated at 2.1 million tonnes ("t") grading 6.19 g/t Au for 422 thousand oz Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au for 755 thousand oz Au. Further, based on the Pre-Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves, using a 3 g/t Au cut-off and utilizing a gold price of US$1,200 / oz, totalling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.

So, und dann die Meldung aus dieser Woche:

Zitat

Transition Metals Option and Joint-Venture Agreement Extended

TORONTO, ONTARIO, Aug 26, 2015 (Marketwired via COMTEX) -- Gowest Gold Ltd. ("Gowest" or the "Company") (GWA) is pleased to announce that it has completed its previously-announced transaction with Crown Mining Corp., pursuant to which Gowest has acquired a 100% interest in four patented claims totalling 64 hectares located in Whitney Township near Timmins, Ontario (see Gowest announcement dated July 22, 2015).

The claims acquired by Gowest adjoin the north and northwest boundary of the Hallnor property and lie approximately one kilometre northwest of the Hallnor Gold Mine. The Hallnor Gold Mine was among the richest in the Timmins camp, with grading of 0.41 ounces of gold per ton for 4.2 million tons, and was notable in that production of 1.7 million ounces of gold came from an area enclosed within under 65 hectares. The claims to be acquired are contiguous with five patented claims (80 hectares) already owned by Gowest in Whitney Township.

With this closing, Gowest's total land holdings in the Timmins Gold camp now total approximately 11,000 hectares (110 square kilometers). Timmins is the most prolific gold camp in Canada, having produced more than 70 million ounces of gold or just under half of all of the gold ever mined in this country.

As consideration for the claims, Gowest paid $25,000 in cash and issued 1,000,000 common shares of Gowest.

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Und schon wieder Timmins ... ich glaube, obwohl ich aus TME und ME raus bin ... ich werd und werde Timmins einfach nicht los ... .

Sollte ich da vielleicht mal Urlaub machen?

[Blockierte Grafik: http://www.thecarrotbox.com/news/2010/0331a.gif]

Gruß,
gutso

Danke Lucky,

ich hab sie jedenfalls zu einem Preis von 0,05 Ca$ im Depot liegen, als eine der größten Positionen im Gesamtdepot. Jetzt ja ohnehin, aber auch damals im März schon. Daran werde ich auch erst einmal nichts ändern, falls sie in kommenden Marktturbulenzen doch noch mal runter kommen sollten, denke ich, dass ich sie immer noch mal nachkaufen werde. Von Gowest Gold erwarte ich mir bis 2020, dass sie richtig abräumen könnten, also wohl tatsächlich mindestens als ein 20-Bagger. Es gibt wenige Minen die mich bei der Recherche dieses Jahr so überzeugt haben, interessant, dass es fast alles Goldminen sind. Der Silberminensektor ist entweder immer noch gemessen am Spot hoch bewertet, oder die Firmen dort haben Schulden oder /und kein Cash mehr. Es gibt kaum Graubereiche dazwischen: Entweder Cash Cow und hoch bewertet, oder Pleitekandidat. Dort tue ich mir wirklich schwer halbwegs treffsicher Chancen auszumachen, - in diesem Fall wie bei Gowest Gold ist das schon erheblich leichter.

Gruß,
gutso

http://www.marketwired.com/pre…x-venture-gwa-2068410.htm

Zitat

TORONTO, ONTARIO--(Marketwired - Oct. 29, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Gowest Gold Ltd. (the "Company" or "Gowest") (TSX VENTURE:GWA) announced today that it has now completed the previously announced (see Gowest press release dated August 25, 2015) program (the "Program") designed to encourage the early exercise of up to 50,000,000 of the outstanding common share purchase warrants of the Company (the "Warrants") issued between June 23, 2014 and September 30, 2014.

In total, 46,962,500 warrants were exercised at $0.06, raising aggregate gross proceeds to the Company of $2,817,750. Of this total, Directors, Officers and Insiders exercised 44,512,500 warrants to contribute $2,670,750.

The funds raised from the Program will be used to advance the development of the Bradshaw Gold Deposit and for general and administrative

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Dieser Wert ist eine der starken Stützen in meinem Depot und liegt deutlich im Plus seit Kauf im März (s.o.) ... .

Gruß,
gutso

Zwischenzeitlich hatte ich sie abverkauft und dann neulich wieder deutlich günstiger zurückholen können.

News, alles soweit in Ordnung. Es geht halt etwas langsamer voran, aufgrund der Marktturbulenzen ... .
Aber Timmins bleibt Timmins.

http://www.gowestgold.com/news…om/article/xml?id=2022258

Zitat

Gowest News

TSX VENTURE SYMBOL: GWA
Gowest Gold Provides Update at North Timmins Gold Project

February 3, 2016, 7:45 am

TORONTO, ONTARIO--(Marketwired - Feb. 3, 2016) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to provide an update on its development plans for the Company's North Timmins Gold Project ("NTGP"), including plans to build the next new gold mine in the Timmins gold camp on the Frankfield Property at the Bradshaw Gold Deposit ("Bradshaw").

Advanced Exploration ("AE") permitting process is in the final stages of review, but has been delayed by Ontario government processing

Revised target to commence site preparation work and mine development at Bradshaw: Q3 2016 and AE bulk sample collection to begin latter part of Q4 2016

Previous Bradshaw area drill results proximal but not included in the resource estimation, due to insufficient drilling, provide opportunity with further drilling to expand resources - drilling plans are being prepared

Ongoing technical review indicates excellent potential to expand the global NTGP gold resource beyond Bradshaw deposit area

Planning new geophysical surveys followed up by drill programs at Sheridan and Roussain gold zones

Gowest's President and CEO, Greg Romain, said, "While we have accomplished a great deal in 2015, both on the technical side and in financing, it remains clear that the current uncertainty in equity and commodity markets has forced us to delay near term development of the Bradshaw gold mine. However, in addition to Bradshaw, we have a very large asset in the NTGP and we believe it is possible to expand the current project resource. Importantly, we also have a strong partner in Fortune Future that has independently come to the same conclusion. Working with them, as well as examining a number of other financing alternatives, we look forward to making 2016 a year of significant progress for all of our shareholders. We will continue to provide the market with updates as developments occur."

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