AW1 4.00% 13.0¢ american west metals limited

Ann: More High-Grade Copper Discoveries at Storm, page-128

  1. 2,245 Posts.
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    The company has stated they want to get hard numbers up for the DSO by the end of the year. Considering the near surface seems to be getting all the good hits in the last few announcements and that will be factored into the resource model, what do people think that will do to the SP when that's released?

    They'll obviously aim to raise after the DSO numbers are released. If current market cap is around 100m and DSO plans to dig out 500m of copper in the short term, with a capex of 50m (giving the bears credit here, company expects it to be lower but let's play along) do they honestly not expect markets to be forward looking and realize there's a nice tier 2 discovery in the shallow stuff alone, which is easy to get to and can generate cash flow to properly explore the deep stuff with more than 4 holes.

    If I'm wrong with this assessment please let me know. I see a lot of posters implying that a CR is coming, despite cash not being an immediate concern (after all the drills are getting paused while work begins on the resource model for the shallows). And we're not even discussing the indium.

    Lots of people have a mentality of expecting results instantly and don't understand junior mines take time to develop and have substantial ups and downs. Go look at how any of the success stories played out. Up on initial discovery and then down for a while while resource is proven out more and then explosive growth once it's confirmed profit is coming.

    Just my opinion but people seem to be way too bearish or bullish. I will admit I'm a bit in the latter, but if any bears disagree with the above please explain why and we can have a better discussion than the trash being posted.
 
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