AWCM Comparison to THMG After Gain of 1,122.22% From NIA’s Suggestion Price
NIA previously suggested Thunder Mountain Gold (THMG) at $0.09 per share, and THMG gained by 1,122.22% to a high last month of $1.10 per share.
THMG’s maiden NI 43-101 compliant resource estimate for the South Mountain Project in Idaho shows a measured & indicated 223,000 short tons averaging 9.02% zinc, 4.27 oz/t silver, 0.059 oz/t gold, 0.64% copper, and 0.94% lead. This represents roughly 40.23 million lb zinc, 952,000 oz silver, 13,000 oz gold, 2.85 million lb copper, and 4.19 million lb lead. It also shows an inferred 959,000 short tons averaging 7.56% zinc, 5.67 oz/t silver, 0.037 oz/t gold, 0.80% copper, and 1.06% lead. This represents roughly 145 million lb zinc, 5.438 million oz silver, 35,000 oz gold, 15.34 million lb copper, and 20.33 million lb lead.
THMG’s South Mountain Project has total contained NI 43-101 compliant resources (measured, indicated, and inferred) of roughly 185.23 million lb zinc, 6.390 million oz silver, 49,000 oz gold, 18.20 million lb copper, and 24.52 million lb lead.
Ameriwest Critical Metals (CSE: AWCM) owns the Bornite Copper Project in Oregon, where Kinross Copper’s historical non-NI 43-101 resource estimate showed about 3.2 million short tons averaging 2.2% copper, plus 0.017 oz/t gold and 0.54 oz/t silver. That represented roughly 138.5 million lb copper, 54,000 oz gold, and 1.7 million oz silver.
THMG has a market cap at $0.87 per share of US$89.68 million vs. AWCM’s current market cap at $0.23 per share of US$6.17 million.
THMG had a market cap of only US$5.412 million at the time of NIA’s initial suggestion at $0.09 per share, similar to what AWCM is worth today at $0.23 per share.
Back on January 11, 2022, AWCM’s market cap reached a high of US$60.24 million during the lithium boom due to its ownership of the Railroad Valley Lithium Project in Nevada.
AWCM recently signed a LOI to sell Railroad Valley to Pure Energy Minerals (TSXV: PE) for 8 million PE shares and a 2% NSR royalty. PE currently trades for $0.24 per share, which means AWCM could potentially soon receive PE shares that would currently be worth CAD$1.92 million or US$1.355 million, but potentially much more in a future lithium bull market… while allowing AWCM to 100% fully focus on its newly acquired high-grade Bornite Copper Project in Oregon!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 240,000 shares of AWCM in a private placement and owns 240,000 AWCM warrants to buy more shares. NIA is receiving compensation from AWCM of US$100,000 cash for a twelve-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.