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Last edited 5 years ago
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#Business Model/Strategy
stale
Added 5 years ago

For CWX, I have a rough estimate pegged at ~300koz at ~2g/t but as a few assumptions are hard to peg with a high level of certainty, my range is between 235koz and 420koz. High grade from surface should a get a little premium, should be some scope for indicated too. Pricing it at EV/Oz of $50 to $100 gives good SP upside targets of between $0.26 to $0.53.

#Risks
stale
Added 5 years ago

Scott Halley, the geochem consultant doing the analysis for targeting the prophyry, he has been involved as a consultant with SVY and HCH, involved in helping make and define their porphyry finds. These are the more recent successes for small caps I've found him involved with so far. Typically he does a lot of work for larger players like Kirkland, Kinross, etc...

Preso on how his geochem techniques improved the HCH Productora find 

https://www.csaglobal.com/wp-content/uploads/2018/02/2018_RIU_CSA_Potma_GEOmet_Presentation_v4_ClientApproved.pdf

Question is have CWX paid for the best guy to give them the best odds of success?

#Bull Case
stale
Added 5 years ago

ALK and SVY have really reignited interest in porphyry exploration. Tonnes of shitty promotions or nearology plays being marketed/pumped. Many need cash too lol so CRs will start flying soon. Just like the silver stocks did as silver prices rallied. I picked one up being CWX, which has already raised, with a a renowned resource investor going sub via it. Has a MRE due any day on what might be a good little high grade resource near surface. The resource is believed to have genesis from a porphyry system which will be drilled later this year. Mcap is about $15m so its a little call option at this point. Tight register as well so will be insanely leveraged on exploration success.