"To get a mining engineer to determine the current status is akin to getting an accountant to analyse an exploration company and asking for advise on investing"
Disagree. The sole purpose of Mineral exploration is to find something potentially exploitable by mining. So one should always be asking whether something is potentially economic and if its worth continuing the exploration or better to go look somewhere else.
You cannot divorce mining from the exploration or vice versa.
Again, I'm also not saying they should look somewhere else yet. Its a good exploration target, nothing more.
"I will ask a simple question based on potential drilling an probability of a significant discovery - at 65 million, would one one speculate on a stock with multiple leads pointing to a major discovery or do we back some drilling with less indicators at liwer market cap?. in this case i would say aw1 has a higher probability than most in discovering a globally significant resource. However, it is still a probability, not a certainty yet. Hence it is stil at 65 mil mc."
It is at 65 mill because it has a higher probability than most to become a material resource. If people thought it had had higher probability of becoming a globally significant resource the MC would be $500- 1,000 million, like TSX:FIL was when they announced >900m at 0.65% Cu.
Now Im def. over and out.
AW1 Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
