AWCM Gains 22.50% to $0.245, Market Cap Still Only US$6.54 Million
Ameriwest Critical Metals (CSE: AWCM) gained by 22.50% today to $0.245 per share after announcing that it is raising $500,000 at $0.26 per share, a 30% premium above yesterday's closing price. This is the most undervalued U.S. natural resource stock that we have seen in our careers.
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.
Compare AWCM to Thunder Mountain Gold (THMG), which closed today at $0.837 per share, up by 830% since NIA's suggestion at $0.09 per share.
THMG has total contained NI 43-101 compliant resources (measured, indicated, and inferred) at its South Mountain Project in Idaho 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.
THMG's market cap is 13.19x higher than AWCM!
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.
