Let's play while we wait Aston Bay is our 20% partner at the...

Let's play while we wait

Aston Bay is our 20% partner at the Storm project
They have other projects which are not active
We have CW and WD projects ( with a proven 5B+ in ground resource)
But let's focus on Storm only and value other projects at zero


As their SP has increased recently it is reasonable to assume it is on expectations of Storm MRE which after all is a property they have held for a long time and know inside out and the Canadian market knows and appreciates the capacity to mine in the Nunavut area where Storms massive tenements are

So...
Aston's SP was 6.5c on 4th Jan 24 ( 22 days ago) before the price started to rise independent of AW1. Since then their SP has increased 115.38% to sit at 14c today.

AW1 has increased from 13.5 to 17 in that same period .... a modest but still healthy 25.93%

Had we matched their increase we would be at 32c accounting for the rise and their MC being in Canadian dollars.

(If their MC is 31m Can at 20% of Storm then our MC for 80% Storm would be 139.7m AUD...... which equates to an AW1 SP of 32C )

So we have roughly 15c per share or roughly 88% to gain just to catch up to the talented and very astute Canadian markets 'valuation' of Storm .... pre MRE

Our patience will be rewarded

Gottinhimmel