Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
US-focused AIM dog Great Western Mining (GWMO) has finally secured a reclamation permit enabling it to start drilling at Target 4 of its Black Mountain copper and gold projects in south-west Nevada's Excelsior mountain range. After an 18-month application process, the company, whose shares have halved since autumn in falling copper and gold markets to 0.33p, 97% down from their 11p float price in 2011, has secured the permit from the Nevada Bureau of Mining Regulation and says it can now drill on two of its prime objectives in the area, M2 and M4.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
VINES
‘permit cheer for GWMO’ what losers giving airtime to this joke company
‘a possible value of $2 billion to $3 billion’ lol on yer bike tyerman