My confidence is buoyed by two bits of information in the report, outside of the resource expansion and potential of Thunder as a starter pit. 1. The DD rig was used for metallurgical testing - great we have thick cores for various studies/simulations 2. The DD rig now focussing on deeper drilling of stratigraphic potential (awaiting MLEM - no idea what this hasn't been conducted already)
End of the day there simply aren't that many companies doing real Greenfield exploration work. There are a plethora of drills going into old workings etc, but not a great deal of proper greenfield exploration. This is one of the reasons I like AW1, and it is also one of the reasons the team have been successful with raising so much money.
It's great to know 20,000m of drilling is happening, and its also great to know that hope is not lost with further deep drilling aiming to find that stratigraphic lens... I look forward also to understanding the potential of the remainder of the tenement, such great correlation between non-invasive survey and good copper hits, who knows that they'll find at Tornado and Blizzard.
AW1 Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
