AW1

1.05%

9.6¢ american west metals limited

Ann: Funding Secured for Drilling Expansion at Storm, page-46

First 46 Last

Share
Profile

Follow
Tran

2,989 Posts.

4363

11/07/23

17:00

Post #: 68732894
Share

Originally posted by Gottinhimmel: ↑

Awesome article... thanks for sharing .....investors and journos starting to get what AW1 is sitting on and the near term timeframe

The conclusion is brilliant:

CONCLUSION: Strong investor interest and recent share price performance underpin the special status of American West's Storm discovery. American West shines among a lacklustre sea of junior explorers in the current extremely cautious market environment. With a 100% hit rate to date, the company is on track to present a maiden resource for the near surface 4100N, 2000N and 2750N zones in the fall. The exciting part is that these high-grade copper deposits could lend themselves to open pit mining potential with direct shipping due to their location and simple mineralogy. This would free American West from the capex trap that porphyry copper explorers, for example, are stuck in. American West plans to update on this shortly. The real game-changer, however, was the recent spectacular release of the gravity survey. The data support the theory that a much larger copper system is located directly beneath the near-surface copper targets drilled to date (see Figures 1 and 2). This interpretation is supported by gravity data and by coincident historical geophysical anomalies. In addition, American West has already discovered copper sulfides in hole ST22-10 in 2022, however, that hole was now known to be on the periphery of one of the newly identified gravity targets. Investors have now given American West sufficient capital to begin drilling the large sedimentary copper target at depth. If drilling is successful, American West's share price performance to date would likely only act as a prelude. The company's stock market value is currently around A$38 million.

HOLD

Expand

May i add to that article 1 more perspective:

TODAY CR at average price of 18.35c is also a spectacular achievement at this critical time for the company when American West needs the fund to drill out numerous highly prospective targets identified at STORM, at TEMPEST, and surprisingly at SEAL project as well before the winter sets in.

The company has managed to raise $7.7m at 18.35c price, a whopping and spectacular 93% premium compared to its recent CR at 9.5c just a few weeks ago.

93% PREMIUM to the previous CR.

AW1 Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
20 Upvote

1 Great analysis

Reply

Top Stories

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

IMA

Issues emerging as Australian companies tackle critical minerals challenge

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

There are more pages in this discussion • 20 more messages in this thread...

First 46 Last

Add AW1 (ASX) to my watchlist

(20min delay)
Last 9.6¢		Change 0.001(1.05%)		Mkt cap ! $49.74M

Open	High	Low	Value	Volume
9.5¢	9.6¢	9.3¢	$143.3K	1.511M

Buyers (Bids)

No.	Vol.	Price($)
1	10421	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	9556	1

View Market Depth

No.	Vol.	Price($)
1	10421	0.095
1	53191	0.094
1	98541	0.093
4	154788	0.092
6	740648	0.091

Price($)	Vol.	No.
0.096	9556	1
0.099	158808	2
0.100	250000	2
0.105	260473	4
0.110	596000	4

Last trade - 15.59pm 11/10/2024 (20 minute delay)

AW1 (ASX) Chart

Ann: Funding Secured for Drilling Expansion at Storm, page-46

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Cauldron Energy reports "excellent" uranium assays in latest drill run

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Issues emerging as Australian companies tackle critical minerals challenge

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Funding Secured for Drilling Expansion at Storm, page-46

Top Stories

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Cauldron Energy reports "excellent" uranium assays in latest drill run

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Issues emerging as Australian companies tackle critical minerals challenge

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News