$7 million in the bank, no need to raise upon next year when the market prices in the benefits of Nov/Dec announcements for the potential of the Storm copper belt. AW1 is a growth stock and I am sure Dave O'Neill will be maximising the share price before a capital raise is required for future growth activities.
The scale of Storms multiple mineralisation zones, shallow open pit mining options, easy of processing and copper smelter demand for the copper product will definitely raise the share price. The 2024 exploration drill program is also likely to target additional drilling at Lightning and Thunder prospects plus further along the copper belt system to Blizzard / Tempest which hide additional copper treasures that will progressively expand the resource.
Upcoming expenses,
- $500,000 for Copper Warrior 10x RC drill hole program
- Minimal cost for JORC report for 4100N zone mineral resource estimate
- Minimal cost for Economic Study into mining at Storm
- Minimal cost for Indium JORC
- Storm 2024 drill season starting Q1 2024 (upfront costs to be paid, hence a few million for this)
- Minimal cost for Dave in early November for marketing trip & attendance at Conferences in Europe / Canada.
Plenty of money in the company bank account, $7 million.
Many other exploration companies would wish they had our financial & mineralisation reserves.
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