AW1 General Chat, page-2363

Here’s the lay of the land in my opinion. You’re punting on hitting the motherlode because explorers like AW1 have to surprise the market to get a decent re-rate at this stage of their life cycle!

Copper price rising will benefit those in production first and then those with a huge deposit a few years from production with numbers demonstrating viability would also attract sticky investors. If it rises substantially then as they say ‘a rising tide lifts all boats’ but how much money will pour into junior explorers is anyone’s guess. If copper demand is there then ‘uneconomic mines’ will find themselves in the game too but that’s not relevant here.

AW1 is an explorer in it’s second year of a drilling campaign with the market anticipating an increase in resource so there’ll be no great surprise there.

AW1 will need more cash before the year’s out and as the MD said current drilling results will be out around the end of the year so that counts out money from oppies.

Short of hitting the motherlode the share price might disappoint many on here it but undoubtably it will be an exciting year for the company. Never forget that the share price isn’t the company!