AW1 General Chat, page-2132

IMO only. not advice. just thoughts and discussion
I see the share price scenario driven like most.

Scenario 1: - perhaps most realistic? 2024 drilling expands MRE by 1.5-2x with similar results to 2023. this may see the price return to around the 30, 35c mark. DSO makes progress but not anything quickly. late 2025/26 likely with funding TBC. M Cap 120-150M

Scenario 2: AW1 drills and proves expanded results to last year expanding MRE by 3 or more. (+50MT) DSO is progressed and viable. Possible farm in partners / off-take agreement. possibly this would drive prices closer to the 60 or 70c mark. M Cap 250-300M

Scenario 3: We hit he deep stuff- unlikely IMO but very happy to be proven wrong! possible takeover or JV - share price ?

Scenario 4: For the skeptics- 2024 is a dud. we have 17MT + a bit so say 20MT resource. we plod along with minor progress and dilution. Share price is stagnant at end of campaign at best. likely returning to 4-5c prior to Xmas, oppies worthless. sale of secondary assets takes place to cover costs. potentially returning some value.

These are simplistic, yes. pick them apart or add to them if you feel inclined. bring on the thaw and lets get into it