RE: you can say that again.. The run looks amazing, but it's because of the shares outstanding. It amazes me how something as simple as market cap is overlooked by so many people. ESO was left for dead at 2.5c and was rolled back 10 for 1. That's why there are so few shares out. Then comes hole #22... a game changer. Followed shortly after by #24, which looks even better.
Logically, all I can say is that AMW has 13mm shares out. This drilling is shallow and therefore relatively cheap. Even if we end up with 20mm shares at some point, what does that mean for share price? No one knows, because no one knows how big this is.
Given how few holes are in it and what they are seeing in the holes, it appears that it may be a significant system. HAT was 50-60 mmlbs. If AMW is even half of that, that would be 12-15 mmlbs net. HAT was bought for $10/lb in the ground... this would be worth more because it's sooooo shallow and would be cheap to mine. So $120-150mm minimum if we have something half the size of what HAT ended up with.
It's very early. This is when decisions make and break and separate the big winners from the losers and the could-have-beens. I have no idea which one of these I am yet. But I'm not selling until we see a lot more holes from this project. Hole 25 is already done I'm guessing. At these depths holes can come so quick they'll make your head spin. They can't all hit, but so far so good.