The following tall tale is based on The West Australian newspaper article, "Copper hits trigger share price “Storm” for American West, by Andrew Duffy, 9th January 2024.....enjoy.
Buckle up, copper comrades, because we're about to take a wild ride on the AW1 share price rollercoaster over the coming weeks!
This is the tale of American West Metals' Storm Copper project, a rollercoaster ride that'd make a Holden Commodore convertible on a Kalgoorlie backroad feel like a rocking chair on a veranda.
Remember March 2023? AW1 was about as exciting as a flat tire on a gravel road, stuck at 4.3 cents. Then, BAM! Bonanza-grade copper hits like a rogue moose on the Trans-Canada Highway, sending the share price skyrocketing to 37.5 cents by August – a 772% jump that would make even Evel Knievel jealous.
It all started with drill assays that read like a rockstar's shopping list: 7.1% copper, 8.2% copper, 5% copper – enough to make Warren Buffett do a double-take. And the news kept comin' thicker than vegemite, each drill result hotter than a barbie in January. Hole after hole spewed out copper like a busted water main, with grades so high they'd make a Kalgoorlie prospector sing like Slim Dusty.
Gravity surveys hinted at a near-surface copper empire, and assays kept pouring in like maple syrup at a lumberjack breakfast. By June, AW1 was cruising at 16 cents, feeling smooth as a freshly paved ice road.
July brought copper stretches longer than a polar bear's neck, and the share price climbed to 20 cents. But then, a blip. The assays weren't quite as flashy as the last batch, and the market, fickle as a mosquito in a blizzard, took a breather.
But fear not, intrepid investors! August brought thick visual mineralisation like a blizzard of copper confetti, suggesting Storm might be the size of Nunavut itself. The share price shot up to 31 cents, faster than a caribou on a sugar rush.
More mineralisation sightings followed, deeper and wider than a Hudson Bay ice fishing hole. The stock inched up to 34 cents, anticipation thicker than permafrost.
Then came the big reveal: an investor presentation that tied the whole Canadian copper story together like a perfectly braided snowshoe strap. The Storm was officially a "camp-scale" monster, with high-grade copper stretching further than a surveyor's chain.
The ASX punters went wild, sending AW1 soaring to its year-high of 37.5 cents.
Now, AW1's cruising at 17.0 cents, waiting to drop that maiden mineral resource estimate like a hot potato or as soon as the financial world returns from annual leave. And with global copper prices predicted to climb like a mountain goat on Red Bull, the future's looking brighter than a Northern Lights disco.
So buckle up, copper crew! This AW1 rollercoaster ain't for the faint of heart. But if you're ready for a wild ride with geology, geophysics and metallurgy as your guide, then hold on tight and let's see where this copper comet takes us next!
Remember, this isn't financial advice, just a tall tale cooked up with a side of copper facts and a whole lot of Aussie spirit. Do your own research before you invest, and always remember, this is the stock market, so buckle up, hold onto your hard-hats, and don't forget to slip, slop, slap - especially when that share price starts burnin' like the midday sun!
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