I personally disagree, I think we've exited exploration (though we are still exploring) and have a resource already that is now suitable to progress to scoping studies and further on. We've already gone through an orphan period as well.
Of course it makes sense to continue exploring and growing the resource in the background while permitting and more is worked on for the DSO, because those things are outside of the geology and AW1's control for the most part. DSO producing cash would be priority 1.
I agree about mining the deeps starting up almost a second Lassonde curve (and for that one we're still on exploration). This is a unique company where it seems to be operating on multiple timelines as there's 2 different potential saleable products.
As a long term holder it's pretty special, I can top up on lows and be patient because if DSO comes online what would normally be: low risk / moderate reward / extremely high cost during the first lassonde curve (for the surface stuff) is going to be much lower cost than any peers I've seen so far and then the second one will be able to get funded internally via DSO cash. Where else do you see that on the ASX copper juniors?
AW1 Price at posting:
13.0¢ Sentiment: None Disclosure: Held
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