Australia's largest stock trading and investment forum Australia's #1 stock forum

AW1

Click for more information

5.36%

13.3¢ american west metals limited

Dude your posts got moderated for cross promotion.take the hint...

First 137 Last

Share
Profile

Follow
MrStrengths

2,978 Posts.

1427

21/08/23

08:27

Post #: 69447071
Share

Originally posted by LJohn: ↑

Short term challenges?

Their last drill results were bad - 1% of 18m down 390m hole and people said it was a success? Check out the forward-looking statements used compared to other miners.

They have less than $10mil of cash, trying to do Diamond Drilling and RC, so obviously burning cash with sub-par results. Given the season will close soon in Canada, expect a CR whilst they can, rather than raising cash after months of dormant drilling and no news. 29Metals and CXO had 40% discount to raise cash in this environment, so I would assume $20mil at 40% discount here - around 16c to 18c. Expect it to be after next set of results.

Also have you seen how remote the location of mine in Canada? It would need to be bigger than Tier One to be feasible for capex, which would be $2b-$3b alone given its location. No way are they going to have to build all that infrastructure required in remote Canada without the find being above Tier One. Then there is the fact its 390m down in frozen ground...

At $3b capex, that is 10 years payback....on a 15 year mine, makes it unprofitable.

At these levels, it would be more capex than actual revenue by a factor of x2.

Expand

Dude your posts got moderated for cross promotion.

take the hint already.

AW1 Price at posting: 30.0¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

There are more pages in this discussion • 152 more messages in this thread...

First 137 Last

Add AW1 (ASX) to my watchlist

(20min delay)
Last 13.3¢		Change -0.008(5.36%)		Mkt cap ! $68.59M

Open	High	Low	Value	Volume
13.3¢	13.5¢	13.3¢	$17.46K	131.2K

Buyers (Bids)

No.	Vol.	Price($)
12	2143161	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	379587	8

View Market Depth

No.	Vol.	Price($)
10	1793161	0.130
4	452000	0.125
3	1109666	0.120
7	888204	0.115
7	670908	0.110

Price($)	Vol.	No.
0.135	379587	8
0.140	664446	6
0.145	312432	8
0.150	576952	8
0.155	205000	3

Last trade - 15.51pm 27/08/2024 (20 minute delay)

AW1 (ASX) Chart

SPONSORED BY