Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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My concern is the statement
In 1984 four truckloads of hand sorted ore
Old data and hand picked!
From a quick Google
0–150 g/t silver is low grade. 150–350 g/t silver is average grade. Over 350 g/t silver is high grade. Silver measured in kilos per tonne is “bonanza” grade.
The rns mentioned this -
Three 25t truck loads averaged.
● 36 oz/t Ag, 66% Pb and 10% Zn
One 25t truck load averaged.
● 50% Zn, 8 oz/t Ag, and 8% Pb.
3So 36oz = 1020g (3 truckload samples)
Which is a very good grade figure indeed.
Armadale Capital Plc
('Armadale' or 'the Company')
Update on Canyon Silver Asset
36 oz/t Ag, 66% Pb and 10% Zn grades demonstrated in previously hand-sorted stockpiles at 'High-Grade Silver, Lead, Zinc Mine Project' in Burke Canyon, Idaho
Further to the announcement of 24 April 2024, Armadale Capital Plc (TIDM:ACP), an AIM quoted investment company focused on natural resource projects, is pleased to announce further information on the assets relating to Africo American Incorporated ("AAI"), a company incorporated under the laws of the State of Idaho, the holding company of the Canyon Silver lead, zinc and silver exploration asset based in Northern Idaho, USA ("Canyon Silver"), as well as the Board's plan for future development of this asset.
Historic production prior to the mine ceasing operations in 1972 was focused on the number three shaft which produced 25,000 tonnes of ore at a grade of 4 to 6 oz per tonne of silver, 6-13% lead and 2-4% zinc and exposed a further 48,000 metric tonnes of mineralisation within the main vein. The project has an additional three to four more veins to assess.
In 1984 four truckloads of hand sorted ore were trucked to a local mill and returned exceptionally high grades as follows:
Three 25t truck loads averaged.
● 36 oz/t Ag, 66% Pb and 10% Zn
One 25t truck load averaged.
● 50% Zn, 8 oz/t Ag, and 8% Pb.
The high grade mineralisation near existing mine infrastructure presents a possible opportunity to unlock future cashflow for Armadale as we progress renovations of the existing mine infrastructure and advance the exploration prospects.
Work Programme:
The management of AAI will approve a detailed work programme and budget with mining contractors. who have all the equipment, personnel, licenses, training programs and contacts to cater for all the work planned at Canyon Silver, including small underground and surface drill rigs which drill to 150m; which is more than sufficient for Phase 1 drilling. The main objectives at this time are to fully open and renovate the two main ore carrying tunnels.
Tunnel No. 2 was a Formosa vein only and extends 97 Metres into the mountain side with the last 67 Metres believed to have lead, zinc and silver mineralisation. This may be confirmed when the tunnel is opened and extensive samples have been taken. Armadale's first task is to clean out any loose rock and sample, measure and model the vein seen in the hanging and footwall to ascertain the grades.
Tunnel No. 3 went 137 Metres into the mountain before intersecting the Formosa vein it followed for over 60 Metres, stopping much of the ground above it along the way. Eventually No. 3, which was still following mineralisation, encountered an additional large, low grade orebody about 30 metres inside the mountain - demonstrating additional potential for the deposit.
Canyon Silver has three tunnels, with shaft
On the london stock exchange site, not shown here yet.
It certainly feels like you're trying to convince us. And none of us are getting emotional, so don't kid yourself. You have absolutely zero power over anyone here, and you have even less power over the share price.
Looks awfully much like a bed&isa though (with it being £20k) what's weird is it's only one side of the trade and it seems to be at Ask (where normally these execute at bid to enable more shares to go in the ISA). I had a very similar amount in my bed and ISA a few weeks ago.
Somebody's been rumbled.
See you in 2027 or something.
Great, Dee has it as it all figured out, RHT will disappear but the problem of MB will remain. GL with that one. See you on Tuesday on the AST forum Dee
I am not trying to convince you. This is not a playground where we play tit for tat. This is a forum for investors to share their research and understandings and mutually grow together. I hope we can help each other preserve capital and be profitable.
I think we have something bullish coming.
As soon as an RNS drops, RHT99 will disappear.
Happens with all sorts of stocks on AIM.
Clearly you wouldn't be convinced by an argument that any of us can put forward just as we won't be swayed by anything you have to say.
So go away and come back in 6 months and we can play the I told you so game (however I suspect that you won't be back!) until then I will filter you.
Yes because here are a herd of investors whose emotions are getting the better of them. I am asking questions which bring into question the big man up top and they don't like it. I feel we have a case of Stockholm syndrome here.
Somebody bought nearly 2.7 mill this morning @ 7.5 over offer 7.25 20k with costs.
Your presence here is so obviously not being taken positively.
@RHT99 you’re a cloud. When you fck off it’ll be a beautiful day.
Exactly.
When the derampers turn up it's time to buy.
Great, the deramper card is out! I'm asking legitimate questions - don't feel threatened.
I actually agree with you, Jack10 - The good news is, when the de-rampers turn up out of nowhere means something is brewing!
Dee, brother you are a weird guy. Check out your investment strategy here:
1- look at blackrock
2- look at matt's holding
3- look at what I'm doing
If only life was that simple. God bless!
Bin him Dee, don’t waste your time and energy on these types there is far more to life, my ‘green bin’ would need a convoy of trucks to move lol
My agenda is: sharing research, highlighting Matt's ineptitude and the very risky nature of this investment but also an open mindedness to your research/answers in case you swing my view and I therefore reconsider the investment case. We are all here to help each other. My millionaire buddies have gone, they were particularly prominent in AST and I will share that info with you next week. Dee, kindly remind me if I forget.
Here's my honest opinion:
RHT99 shows up on AST Board (and others) ramping it to death with compelling stories. At that point, the stock completely dumps.
RHT99 disappears.
Not RHT99 turns up at ACP near all time lows, ready to tell everyone this stock is garbage. What does this tell me? It tells me that there is likely to be something very positive coming our way.
Look up all of his previous posts, and compare share price charts around the info he provides. I stand by my claims.
A lot of these City types can only do what they do through anonymity. He keeps avoiding the questions surrounding AST and his behaviour there - Yet he expects people here to listen to what he says?
I don't often say these, but RHT99 is a mole to try and induce sellers. That only tells me we have something incredibly positive coming our way.
I'll wait for an RNS, and I'll wait for RHT99 to disappear as soon as it lands. That's how these anonymous types behave.
He must think that you are a "see you next Tuesday" just like the rest of us!
RHT, what is your agenda here? What is it that you're trying to achieve? Are you the puppet for your millionair buddies? Would you like me to sell my shares?
Genuine question.
Dee, my restless child. Be patient. Your answers will come. Please get in touch next Wednesday and I promise to respond. For those who are going to attempt to answer the following may I kindly request that you check each RNS up carefully before responding. No fluffy responses, only facts. Thanks in advance:
1) What has the management achieved in the past 4 years which justifies taking a salary?
2) Why was the recent acquisition not funded through the £1.59m listed investments?
3) How do you justify the £500k spend to go via the issue of 184m shares/warrants at a record low price? Presumably, you took part in the placement - did you or any other placee see the investment pitch with its details or did you go in blind?
4) What was Matt doing in Sep 19 when he said the company was now funded until production with £500k raised at 1.8p. Why then did he follow this up with £400k raised via CLNs and this again was followed up with £550k subscription in April 2020 @2.25p with 24m warrants @3.25p. Did he lie to the market when he stated in RNS that the company was fully funded to project finance?
5) There were multiple RNSs in H1 2020 saying finance imminent then no news. The chairman stated that ACP will be in production in Q1 2020 as late as Feb 2020 yet the mining license hadn't even been applied for. Why?
6) What proportion of Matt’s holdings are “free shares” and how much were paid for? A calculation for his low average wouldn’t go amiss.