AW1 General Chat, page-1977

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Met2020

3,267 Posts.

1804

09/02/24

15:05

Post #: 72327063
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Originally posted by jeremy8888: ↑

morning punters thought i would do a few calcs using the MRE resource numbers to estimate what effect this should have on our languishing sp. The calcs below have been adjusted in the resource area to adjust to the 17Mt in the MRE and the recovery rates. I have also used a 10% NPV figure that the downrampers will say is too high however I feel the risk has been significantly reduced now and as my colleague @JustaddFunk notes the list of the ways in which Storm is low risk is growing -> no water, no reagents, shallow deposit, simple processing, <20km from a major sea lane, no trees, no animals, no dictatorships, no difficult locals, no tailings, straight-shooting CEO, no big capital costs, no waste (Dolomite “waste”) etc. etc. etc.

So the question remains why is the sp at 13 cents still and not at 30+. We have a tremendous resource, this valuation only part of the Storm area (larger than 5% though), the 5% mentioned in the pr is only the area explored so far. It doesn't take into account the two other projects (Indy and CW), nor the other areas already opened up with last years drilling. Aston Bay is running only a little below our m/c but only has a 20% interest although free carried. Wake up Aussies, this is Tier 1 stuff!!!

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AW1 share price Melting while BAY share price is defrosting

Two companies (AW1 vs. BAY), different countries (Australia vs. Canada), different stock exchange investor mindset, but Same Resource (Storm Copper Project).

12-month performance; AW1 up +30%, BAY up +317%, a whooping 10x difference!!!!!
BAY's share price has significantly diverged from AW1's downward trending share price since early January.
BAY shareholders / investors / hedge funds still see the copper stock as undervalued hence their buying demand.
Tom Ullrich (CEO, director) continues to top-up his BAY portfolio by another 580,000 shares in the past few weeks ahead of 2024 drilling program.

Ownership of Storm, AW1 80% & BAY 20%
Market Capitalisation, AW1 $55 million, BAY $26 million - looks like AW1 is below fair value and parity to BAY.
AW1 Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

2 Great analysis

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