AW1 3.85% 12.5¢ american west metals limited

Ann: Bonanza Copper Hits and New Discovery at Storm, page-79

  1. 817 Posts.
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    A good rule of thumb for good open-pit results (<100m depth) is for the Cu% x width to be >15 and considering the geographic remoteness here, probably closer to 20. eg 10m x 2% Cu or 20m X 1% Cu, etc.

    For underground (>150 depth) generally want the Cu% x width to be >30 as costs increase to mine.

    These aren't strict rules, but are a good yardstick to base drill results for Cu.

    Besides from the infill hole which was good at 46m @ 2.2% Cu, the rest of the intercepts look mediocre at best:https://hotcopper.com.au/data/attachments/5560/5560453-ec757ff462d584076eb8bfff23ccfa5a.jpg
    Then factor in the recent stock price rise and the mcap, and these results look underwhelming, hence the sell-off.

    PS: To all the biased holders, yes, I'm a paid downramper.
 
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