AW1 4.35% 11.0¢ american west metals limited

Ann: Prospectus, page-24

  1. 10,552 Posts.
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    With respect, I agree with that !

    Most here know the initial plan is for mining of DSO ore (lets call it 1st Phase of AW1 mining) which will be simple and could even be done with an ordinary excavator and a truck, followed by ore sorter processing for a marketable DSO, to be collected by ship during the warm months.

    There was even a comment last year by someone who may have had experience of small scale mining that it could be a two man show - which is, I agree, quite absurd. Still it made a point that there is no need for massive works to get started.
    Anyway IMO the major costs will be for personel - health, safety and well being, in a remote area.

    All that has been said before, so to make a contribution here are two sources to give encouragement about short and medium term copper prices.

    https://www.theglobaleconomy.com/world/copper_prices/
    The graph shows an upward trend from 2001 as indicated by higher lows - and is likely to continue due to severe shortage.

    Copy and paste this to google and follow the prompt ten-bagger-why-asx-iron-ore-and-copper-plays-should-stay-positive-on-china

    GL all. Not advice.
 
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