Not much is simple or easy in this world. Invariably, success or failure comes down to attitude.
The company has a multi-pronged approach. They are exploring at depth. They are exploring at surface. They are propelling what appears to be a pretty simple, fast track to permitting. And they are propelling their US based projects in the background.
I had a really good chat with the MD at Noosa. This is someone who faces challenges and embraces opportunities. He has the eye of the Tiger in my view.
There will be a lot more information around the potential DSO operation in August, he said. Low capex, and high margin- that’s what I think will come through in the metrics. “We are blessed with favourable metallurgy”.
My glass is half full, and I am wagering that the AW1 team are going to be incredibly successful!! To me, this is seriously undervalued- but time will tell.
Interesting that exploration next year can be commenced in February according to the MD- better more adaptable equipment perhaps or maybe it’s just “attitude”.
Plenty of trading for tiny pips- good luck to the short termers.
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