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Yeah obviously at the moment we’re not, but ultimately I think we’re worth multiples of that, should the story play out as the portents are suggesting it will...
Twohits - i think we have to temper the enthusiasm re being worth a lot more than Kiwara as we're at such an early stage. Let's see how the drills/assay goes with will give us a lot clearer picture. I'm definitely excited but just trying to keep my feet on the ground.
Yep, i think we’re worth a lot more than kiwara.
Harry - not sure if we see an RNS tomorrow, but hopefully by the end of the week on hole 4. Quite excited about that one, sending it back for confirmatory testing suggests pretty epic grades etc.
I also liked this bit in the article “ARC might have discovered a higher-grade portion of the Lufilian Arc”
You can see why NvS lost interest in kalaba 4 or 5 months ago...
Let’s hope so Twohits.... we will be waking up to an RNS tomorrow? Let’s see...
Indeed two hits. SOLG was exceptional but then I come back to my post from yesterday re Kalumbila. That sold to a major for 75p per share equivalent. We are entitled to be "exceptional" as well!!!
Cascabel is the world’s largest underground silver, 3rd largest gold and 5th largest copper resource all in one potential mine. They are just tempering to say that it’s early days to compare it to that, but it’s potentially huge. We’re all a out copper really, but it’s shallow and high grade and could be worth similar to a major as cascabel because cost per oz will be so low over the life of the mine.
Fair play harry, been doing this 20 years. Rarely do opps like this come along, you’ve stumbled across a good one!
I find the Cascabel/SOLG mention in the article very interesting. They think its not comparable? Well I guess our asset is near the surface compared to some very deep drilling of SOLG. The grades there averaged just over 1%. I know its early days here but so far we're averaging well over 1%. A long way to go though so don't count your chickens just yet.
However, for us as shareholders, the SOLG comparison put into print can only be good.
Yeah it sounds like it was a good one Twohits!!
Relatively new to this but have had some good luck with Reneuron in the last few months so similar to you have put most of the proceeds into this.... nervous but excited!
Well done 600...your doing well
Quite simply some overdue press coverage which shows the radar is starting to pick us up
This will have days where it will move more that the current share price.
BMN was a good one harry, i sold out at 46p after it failed to take 50p. Pretty lucky. I put most of the proceeds into this and SOLG. I’m more excited about this than i was BMN fwiw.
It happens, JOG went up 140% today - on the news if being awarded some extra licenses. Many here who know the company far better than moi, are expecting better than that over the next months. I managed a small top-up first thing this morning so getting nearer my 1m target. ATB, patience.
(That wasn’t me deramping before anyone says)
Haha I just had a look at the share price for BMN... FairPlay to you it’s nice to see people winning!!
Wouldn’t mind see a 100-200% day increase haha!
You’re alright harry, they haven’t even prepared the canapés yet.
I thought similar when i bought BMN at 4.5p if i makes you feel better...
I really hope I’m not late to the party buying in at 0.475
Westie, only 'cos you typed "Here's the link. Hopefully will work"!
Next results tomorrow or Wednesday? Then another by the weekend - pretty please Nick. I didn't know we have a third drill on the way.
ATB
Great write up and basically what some of us have been saying for a while. SOLG mkII!
I liked this bit...
“Having found anomalous copper in soil samples over the entire 6km of strike it is possible that ARC might have discovered a higher-grade portion of the Lufilian Arc, said the broker.
The Lufilian Arc zone hosts several of highest-grade copper mines in Zambia and the DRC before it heads towards Namibia. If that is the case, Arc is likely to be worth a lot more than the current market cap of £33million at 4.82p.
Copper explorer Solgold, for example, became a twenty-bagger and is now worth more than £500million after the mining majors got involved with its Cascabel copper prospect in Ecuador.”
Ah 600 - you beat mw to it!!
https://www.thisismoney.co.uk/money/investing/article-7273083/SMALL-CAP-SHARE-IDEAS-Arc-Minerals-looks-join-roster-Zambian-copper-mines.html
Here's the link. Hopefully will work
Can you copy that here
Things could be looking up as the Mail Online has just published a positive piece.