Yeah the CEO of Astons Bay Tom Ullrich was recounting in a recent interview how BHP after reviewing some EM data chose to drill an area which was showing a strong electrical signature, they thought they were on to something, but unfortunately found only wet clays in the drilling, it was a catalyst for them to pull up stumps early and move on.
Soon after BHPs departure the doors we're swung wide open for AW1 to enter and sign a JV with Aston bay on even more favourable terms than the previous Giant BHP.
It appears that Dave had a more patient pragmatic approach and after reviewing all the valuable previous data generated from many of the big hitters like Cominco, Teck resources and BHP. Dave CEO of minnow American West went to work, chipping away and slowly revealing the bigger picture and hidden riches. it's still early days but it looks like they may well have found the copper treasure they had all been looking for over the past several decades.
Let's hope tomorrows announcement we can finally say and the rest was history.
AW1 Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
