Just Thinking Out Loud IMO, keeping in mind Dave ( CEO AWM ) under Aussie Regulations can talk about a DSO venture @ Storm,
Thomas ( CEO BAY ) under Canadian regulations, is Restricted from using any mining terminology in news releaes & being just a small junior explorer trading on Ten Canadian Exchanges the share price maintains a Hidden MDA .
IMO , Using Daves numbers here in video,..Metals Summit Zurich https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/11/11/american-west-metals-ltd/play/stream/39434 $BAY $AW1.AX
Dave, with 4 Sorter operation , @ 2 million tons x 1% would see 20,000 tons per season.
IMO,..Dave, is working on up - grading their JORC reserves into Indicated and Indicated proven category. This new Jorc will fill in the requirments in obtaining the PEA & PFS, & next mining Permit.
IMO,..Dave, off the cuff, could move to a DSO once the Permit is in hand. The Bankable PFS being the next step , may skip this step seeing Taurus Hedge Fund already step up to the plate.
PS,BAY, share holders having a free ride upto BPFS, may enjoy their ride rate into the DSO .
IMO, A BPFS requirment is done only to prove that a exploration project has the ore contained and can be extracted @ a nve.
Storm, surface open-pits with cyclone ready to go & seeing transporting with ease imo AWM has the intentions of skipping the BPFS and advancing into the DSO..
PS,.BAY, hands are hand cuff here seeing AWM in control , and reporting from Aussie unless Canadian share holders understand the process may not see their true share value..
PS,..Dave, 2 m tns x 1 % = 20,000 tns
20,000 tns cu. x $ 10.00 = $ 200,000,000 million
BAY, 200,000,000 X 20 % = $ 40,000,000 MILLION per yr
BAY has a free carry ride seeing no BPFS being done..
Storm,...Jorc,..400,000 tns div 20,000 tns = 20 years of mine live with current JORC-43-101..
Let The Drills Be Our Friends
Traps7