Rough number for Indium is $500 per kg. But when AW1 is...

Rough number for Indium is $500 per kg. But when AW1 is producing it (along with a very substantial Cu + Zn + Ag resource) from the open pit and underground at West Desert it will become a contract price - and since it is so scarce it will be valuable.

23,800,000 oz = 23,800,000/16/2.2 Kg ~~~ $US 340 million.

My original holdings in AW1 were for West Desert (+ Copper Warrior, which was less developed) - when the resource figure was anned in early 2023 the indium was delayed ( difficult assay, they said ) and the market was not impressed - add to that 'The Company' did not do a timely CR (No Indium - No Cash) and the SP crashed.

I had done my deep DD (DDD which enhances ZZZ) so I grabbed what I could ~ 5c and .09c for oppies. -- Was shocked by the pullback in late 23 but had taken more than enough to be free carried and topped up hard at current levels.

The point I am making is that even with the 'certainty' that Storm will rerate strongly this N. summer there is also a huge project to take to production at West Desert.
For my part I am intent on taking most of my holdings through to development and mining - and I look upon very few of my stocks that way.

Cheers all, do your DD too - and dont take my chatter as advice.