What are you expecting - a magic multi bagger while the snow still falls (lightly) - sounds like desperation.
Officially no one can call that a copper show is economic until the anode sheets come out of the tanks.
Only after a PEA is there an acceptable suggestion of positive return on capex. We hoped for a PEA last year but had a shortfall in drilling days and now its postponed till during or after this seasons drilling.
After that there will be PFS and eventually BFS - then Dave goes to backers for his capex.
Now IMO - I have no doubt at all Storm will be economic, and no doubt the BFS will be brought on very quickly.
Meanwhile there is much exploration to do - last year the team had little more than rock chips and soils to guide them, but now they have proof of concept, a 17m t resource at ~1.2% (204,000 tonnes copper or ~ $200 mil) in ground JORC resource, and advanced geophys to guide them.
Its not exaggeration to say that right now they have only scratched the surface.
Its informative to go back to posts a year ago in the time until news started to come (in June July).
Anyway GL to all including the team in the field.
AW1 Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
