I note you got a mention again Met2020, that's two videos where...

First 2996 Last

Share
Profile

Follow
Bunn-Wackett

22,945 Posts.

1270

15/05/24

16:09

Post #: 73839906
Share
Originally posted by Met2020: ↑

Original transcript: "The facts"

PEA for Storm Project,

Arnie: quite a few comments on Hot Copper, the Preliminary Economic Assessment (PEA), Dave could you just share a few thoughts from your side on what are we due to expectfrom AW1,

Dave: Yeah I mean, like Imentioned, obviously there's a lot we'redoing internally and assessing the size of the prize at the moment but as I pointed out the reason you put out a study is to essentially get the mining permit, Etc and so we see given theexpected growth of the resources that webelieve it is there at Storm this year, this drilling season, it makes no senseto permit a smaller project and thencome back and having to redo yourpermitting for a larger project. So wesee the larger project as the real, you know that's a Transformationalchange for American West Metals. We don'twant to just be a boutique copper producer, we want to be a significant copper producer with demonstratedresource depth and Mine life, but also that fantastic exploration upside and potential as well, so like I said we've completed a lot of the studies internally and understand, you know, the rougheconomics around these things, but fromwhat we want to put in front of theCanadian government in terms of apermit application is a different beast and that's what we'reexcited about and that's you know whatwe hope that this year's drilling can certainly define for us.

My interpretation:

Here are the key points about the PEA (Preliminary Economic Assessment) for the Storm Project, based on the conversation snippet:
Goal: Obtain a mining permit for a larger project at Storm.
Reasoning: The company (American West Metals) believes there's significant resource potential at Storm and wants to avoid the hassle of permitting a smaller project now and having to redo it later for a bigger one.
Vision: Become a significant copper producer with a long mine life and exploration upside, not just a boutique producer.
Current Stage: Internal studies being completed to understand the rough economics, but a formal PEA is required for the Canadian mining permit application.
Expectation: This year's drilling season is crucial to define the project for the PEA and hopefully support the vision of a large-scale operation.

In short: The PEA is a critical step to secure a permit for a large-scale copper mine at Storm, which aligns with the company's goal of becoming a major copper producer.

Expand

I note you got a mention again Met2020, that's two videos where the boyz have mentioned you by your HC name... close are you?
AW1 Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 332 more messages in this thread...

First 2996 Last

Add AW1 (ASX) to my watchlist

(20min delay)
Last 13.0¢		Change 0.005(4.00%)		Mkt cap ! $67.29M

Open	High	Low	Value	Volume
12.5¢	13.0¢	12.5¢	$184.2K	1.430M

Buyers (Bids)

No.	Vol.	Price($)
1	70425	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	330000	3

View Market Depth

No.	Vol.	Price($)
1	70425	0.130
20	566320	0.125
12	691357	0.120
5	452100	0.115
6	570004	0.110

Price($)	Vol.	No.
0.135	330000	3
0.140	316169	5
0.145	587869	6
0.150	627714	10
0.155	420816	6

Last trade - 15.51pm 06/06/2024 (20 minute delay)


Last 13.0¢		Change 0.005 ( 4.00 %)
Open	High	Low	Volume
12.8¢	13.0¢	12.5¢	210922
Last updated 15.37pm 06/06/2024 ?

AW1 (ASX) Chart

I note you got a mention again Met2020, that's two videos where...

Featured News

Multiple contract awards puts the wind in SRG's sales

Ausgold raises $38M for Katanning Gold Project in WA

European Lithium scores US$15M deal with BMW for battery-grade lithium hydroxide

Frontier boosts project economic for Waroona with increased battery time and revenue

AUKing expects spat over Tanzanian licences to be resolved soon

Buyers (Bids)

Sellers (Offers)

Featured News

I note you got a mention again Met2020, that's two videos where...

Featured News

Top Stories

Multiple contract awards puts the wind in SRG's sales

Ausgold raises $38M for Katanning Gold Project in WA

European Lithium scores US$15M deal with BMW for battery-grade lithium hydroxide

Frontier boosts project economic for Waroona with increased battery time and revenue

AUKing expects spat over Tanzanian licences to be resolved soon

Buyers (Bids)

Sellers (Offers)

Featured News