AW1 4.00% 12.0¢ american west metals limited

AW1 General Chat, page-2375

  1. 3,108 Posts.
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    Dave mentioned in the video interview, "Short term production focus to help set us up for a decade long exploration program".

    AW1 is here to stay!!! The exploration potential at Storm is envisioned to last at least 10 years!!! Now that is enormous. Given most exploration juniors at PDAC in the $50 million valuation range are completing capital raises of $1 to $5 million, AW1 raised AUD $10 million for the drill season with a goal of more than doubling the resource by year end, hence adding millions of pounds of copper to the Storm resource inventory. Many Geological or Exploration Managers could only dream of the discovery potential this region offers both from a shallow and deeper sedimentary layered perspective.

    At the current rate, for every year of exploration, AW1 is discovering enough copper to run a 2 million tonne processing plant for 8 years. If that success rate continues over the next decade then the process plant either needs to be larger (scaled up over the future years) or multiple processing facilities will be needed for the various satellite open pits along a mining corridor. Should the deeper prospects show promise then mine life multiples again.

    We appear to be only scratching the icing on the cake. Good times ahead.
 
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