AW1 14.3% 12.0¢ american west metals limited

Let's talk DSO, page-77

  1. 75 Posts.
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    I looked at the resource round presentation from May 2023 - available on the AW1 website> Investors > Presentations > 2023 > RIU Resource Roundup 8 May 2023. It states on pages 9 and 10 that dolomite is the host mineral (waste). That has a density of 2.8, not 2.6 - which means more copper since the copper assays are % by weight. The copper minerals will be more dense so 2.8 is still a worst-case figure. The dimensions in that presentation are also marginally different from what I used - and the length is open. And since nobody objected to my comment about recovery, I think I am going with 85% from here on - because losses in smelting and electrowinning should be very low. So by several measures my table two posts up is conservative. I also spotted a spreadsheet error that underestimated the mining costs (formula didn't include density) but that had far less effect than the other items above. The headline number for AW1 is now 958M USD or 1.45B AUD - again that's just the shallow part of 4100N as Gottinhimmell rightly described with a picture, not words. Happy to alter the numbers if anyone comes across better or newer info. Spreadsheet also tweaked to make it a bit more intuitive. Still wondering what I've missed...

    https://hotcopper.com.au/data/attachments/5389/5389795-e597405476dea41dd2030492e24492b2.jpg

 
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