Ann: Funding Secured for Drilling Expansion at Storm, page-46

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11/07/23

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Post #: 68732894
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Originally posted by Gottinhimmel: ↑

Awesome article... thanks for sharing .....investors and journos starting to get what AW1 is sitting on and the near term timeframe

The conclusion is brilliant:

CONCLUSION: Strong investor interest and recent share price performance underpin the special status of American West's Storm discovery. American West shines among a lacklustre sea of junior explorers in the current extremely cautious market environment. With a 100% hit rate to date, the company is on track to present a maiden resource for the near surface 4100N, 2000N and 2750N zones in the fall. The exciting part is that these high-grade copper deposits could lend themselves to open pit mining potential with direct shipping due to their location and simple mineralogy. This would free American West from the capex trap that porphyry copper explorers, for example, are stuck in. American West plans to update on this shortly. The real game-changer, however, was the recent spectacular release of the gravity survey. The data support the theory that a much larger copper system is located directly beneath the near-surface copper targets drilled to date (see Figures 1 and 2). This interpretation is supported by gravity data and by coincident historical geophysical anomalies. In addition, American West has already discovered copper sulfides in hole ST22-10 in 2022, however, that hole was now known to be on the periphery of one of the newly identified gravity targets. Investors have now given American West sufficient capital to begin drilling the large sedimentary copper target at depth. If drilling is successful, American West's share price performance to date would likely only act as a prelude. The company's stock market value is currently around A$38 million.

HOLD

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May i add to that article 1 more perspective:

TODAY CR at average price of 18.35c is also a spectacular achievement at this critical time for the company when American West needs the fund to drill out numerous highly prospective targets identified at STORM, at TEMPEST, and surprisingly at SEAL project as well before the winter sets in.

The company has managed to raise $7.7m at 18.35c price, a whopping and spectacular 93% premium compared to its recent CR at 9.5c just a few weeks ago.

93% PREMIUM to the previous CR.

AW1 Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
20 Upvote

1 Great analysis

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(20min delay)
Last 12.0¢		Change 0.010(9.09%)		Mkt cap ! $62.18M

Open	High	Low	Value	Volume
12.0¢	12.0¢	11.5¢	$94.27K	787.2K

Buyers (Bids)

No.	Vol.	Price($)
3	350872	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	5	1

View Market Depth

No.	Vol.	Price($)
3	350872	0.115
16	753691	0.110
8	661500	0.105
8	1669935	0.100
2	205295	0.095

Price($)	Vol.	No.
0.120	5	1
0.125	277236	6
0.130	878834	7
0.135	422095	7
0.140	962469	8

Last trade - 16.10pm 10/09/2024 (20 minute delay)

AW1 (ASX) Chart

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Ann: Funding Secured for Drilling Expansion at Storm, page-46

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