AW1 General Chat, page-1971

morning punters thought i would do a few calcs using the MRE resource numbers to estimate what effect this should have on our languishing sp. The calcs below have been adjusted in the resource area to adjust to the 17Mt in the MRE and the recovery rates. I have also used a 10% NPV figure that the downrampers will say is too high however I feel the risk has been significantly reduced now and as my colleague @JustaddFunk notes the list of the ways in which Storm is low risk is growing -> no water, no reagents, shallow deposit, simple processing, <20km from a major sea lane, no trees, no animals, no dictatorships, no difficult locals, no tailings, straight-shooting CEO, no big capital costs, no waste (Dolomite “waste”) etc. etc. etc.

So the question remains why is the sp at 13 cents still and not at 30+. We have a tremendous resource, this valuation only part of the Storm area (larger than 5% though), the 5% mentioned in the pr is only the area explored so far. It doesn't take into account the two other projects (Indy and CW), nor the other areas already opened up with last years drilling. Aston Bay is running only a little below our m/c but only has a 20% interest although free carried. Wake up Aussies, this is Tier 1 stuff!!!