PLS is not the only property AMW/ESO 's Achilles heel is their financial lack. It would not surprise me to see a dilution to say approx. 20M shares at $1.30-$1.50 to give AMW a 10M working capital. No doubt there will be a period of time allowed for the share price to stabilize before that. In effect they would stabilize their financial needs.
It is not what shareholder in general like to see, but in this case it would open up opportunities to enable AMW to continue exploration on their other properties as well, which I think have been pushed to the back burner with the PLS discovery. The share prices could and would go much higher in the interm too as positive news/info on PLS is given out. We're in new territory with a lot of unknowns.
With gold (bouncing up and down now) but expected to reach new highs, it would only make sense to do more work on the Ontario Mikwam property that also has huge potential.
With the "heavy mineralization" in the PLS drillings, it bodes well for potentially very good gold numbers also (awaiting analysis). The forthcoming analysis will be interesting indeed! This project is following the general trend that led to the discovery of the main Cluff Lake ore body, although each ore body will have its own quirks. I guess that's why BA refers to #22 as a significant "discovery hole". If gold values are good now, I expect them to be bonanza grade when they hit the main ore body! Huge upside potential!
This would mean that they still haven't hit the "mother lode" or main boulder source, but these drillings add to the reality that it exists and it seems to be just a question of time before it is hit.
Also according to Ben, the boulder field itself might be mineable.
The positive aspect of this drilling is that they are hitting mineralization in all 3 holes and not just in one.
Looks very good at this point, and lets hope the positives continue for the near future.
Interesting times, but for the wise remember your personal DD.
Solver