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Bradshaw hope your well son the offer of white collar boxing stands xx
Atvb
And there is the irony of all ironies, Donkey Boggie Bradshaw telling anyone that something they've posted "demonstrates a remarkable lack of understanding". Comic genius ....! Only one of those words applies BTW.
Khoemacau is a long-life copper sliver mine located in one of the most prospective mining regions in Africa, the Kalahari Copper Belt in Botswana.
https://www.mmg.com/our-business/khoemacau/
MMG announced its decision to acquire the asset in November 2023, completing the transaction in March 2024.
In June 2021, Khoemacau completed construction of its low cost, c.60ktpa copper and c.1.6Mozpa silver metal in concentrate at full run rate. It completed ramp up of current operations to full production in Q4 2022.
Ore at Khoemacau is mined from underground using the longhole stoping method and transported by truck on a 35km purpose-built bitumen haul road to the Boseto processing plant. The copper concentrate is then transported by road to port and shipped to customers globally.
Drilling of and studies on its expansion project forecast a potential increase production to over 130ktpa copper and 5Mozpa silver (average run rate at full production) to unlock the full potential of its prized position in the emerging Kalahari Copper Belt.
Khoemacau employs around 1800 people with 95% local employment from Botswana and has an estimated mine life of 20+ years
It appear both bears and bulls agree that nothing is baked into the present share price.
That's the situation that creates huge multibaggers
With Anglo's $85 million exploration spend into our ZCP JV license area's being around 4 x times the present market cap here. Provides plenty of headroom for the Share Price to move explosively to the upside very quickly.
Equally there is nothing yet baked in for our licences in the KCB even though our neighbours who have just been acquired for circa 2billion by the Chinese are now looking to substantially increase their mine throughput and footprint in the region & require further ground to do so.
Strategically we sit right next door.
Picking potential multibaggers that have nothing 'yet' baked into the share price.
That are also cashed up and have a global major providing a free carry on 9 of the 10 best Tier 1 regional copper targets is about as good risk vs reward one can hope to find in the junior explorer market.
The potential for a take over or take out at the project level at many many multiples of the present SP on success in either the ZCP or KCB simply cannot be ruled out.
Noticed the other day that one particularly triggered poster having completely metally cracked, threw a few choice verbals at another poster claiming that said rival poster's
laundry basket was "probaly over-flowing"
A bit of back and forth and ensured and with shots having been fired from both sides a further claim was made by said broken poster to their nemesis along the lines of..
"Your misses has clearly got behind with the washing up"
Oooohh.... ouch.. :-))
Wars have been started over less!
There was some further savage exchanges straight out of the Hood, mostly calling other posters soft furnishings into question etc etc.
Imo. That kind of abrasive language should really be left to the streets, the dockyard or flat-roofed estate pubs with boarded up windows :-))
Small Holding, your suggestion demonstrates a remarkable lack of understanding of how mining companies operate - there is no discovery (yet) on Arc's Zambian licences (although I'm confident there likely will be at least one.) No mining company in their right mind would make a large bid for Arc's Zambia or KCB licences at this stage, since there is absolutely nothing there to value, no guarantee to any discovery, and it would make any bidding company's management look ridiculous if they had spent millions buying land which transpired to be worthless - it is a risk not worth taking for mid or large cap mining companies' management, hence why juniors almost always make the discoveries and then sell them to majors.
It is also rather misleading the way you talk about what Anglo were happy to "pay" - you would do better to focus on this being an exploration deal and that Anglo are going to "spend" 80m. Obviously, in return for spending a lot of money exploring on Arc's land they will want something in return: that is 70% ownership of whatever discovery they may or may not make. (Your approach of extrapolating this out to what Arc's share is "worth" would be much more appropriate if there was a discovered resource and Anglo were spending a large amount to bring the resource into production and giving Arc a free carry to the point of first øre - such deals are common in junior oil and gas, and under those circumstances I would agree with you about such back-of-an-envelope valuations of relative shares in a project.)
It's quite possible that Anglo might spend years and tens of millions of dollars exploring and find nothing economic (obviously they don't think so, otherwise they wouldn't have done this deal.)
Until they actually discover something, Arc is worth exactly what they have in defined resource - nothing! (In fact, with their utter liability of a bod milking a million a year in cash out of the company, I would argue that they are actually worth less than nothing, but that's simply a personal opinion about the liability which is poor management.)
When our drilling campaign can help with this shortage.
https://www.ft.com/content/3d2727a0-96c7-499c-a0d4-176de4548a83
Easy to forget some of the stages/challenges we have managed/ survived. When Arc started this journey the price of Cu was $6k,we owned way less than 20% of our present license areas, our major shareholder has gone from 17.8% to 0%,he intentionally caused mayhem in spiteful and vexatious attempts to blame others for his downfall (sounds familiar),the Zam Govt. has changed and turned the country into a mining friendly environment, following a drill campaign and significant tech surveys, we signed the JV of JV's and its about to really kick off, apart from all that, not a lot has happened !
It would have to be a very very attractive offer as within a couple of years we may find we are sitting on a couple of tier 1 assets (probably worth c. 20p each to the s/p) Having come this far in securing our license areas, beating off spurious legal claims and waiting out the reorganization of the Zambian mining ministry, I doubt the BoD would want to let us go cheaply. But then again I've seen promising assets being given away for a handful of beans on AIM.
For years there has been a lack of investment in developing new copper mines, it takes years and is expensive.
This is now abundantly clear as we see the vultures circling Anglo, the big players want to buy producing copper projects or new ones in development.
The JV acreage is believed to be one of the best unexplored prospective copper areas in the world at present.
At the time of the JV other big players were interested, I seem to remember BHP was mentioned at that time.
Anglo is attractive to prospective buyers because of its producing copper mines but I'm sure their interests in Zambia will not have gone unnoticed.
It is my belief that Anglo will eventually be taken over by one of the majors but there will probably be other bidders who are unsuccessful.
At the time of the JV Anglo agreed to pay up to $88.5m for 70% of the JV. They did that because they believe it is worth many multiples of that value.
Had they been allowed to they would have bought the lot, if Arc and Kopore had sold out.
Pro rata they would have been happy to pay $126.42 for 100%
Anglo $88.5m 70%
Arc $25.28m 20%
Koppore $12.64m 10%
Arc's 20% low valuation of $25.28m or £20.47m
Today we have a market cap of circa £24m and that includes Botswana as well.
If investors believe the JV acreage is such a good prospect, why not try a bid for 20% of the asset and secure a share of future profits or 20% of the future copper produced.
Our holding is made even more attractive because it includes a free carry for the next few years, with guaranteed future payments from Anglo.
If Anglo would have paid £20m for Arc's 20% share in the JV acreage because they believe it is worth many multiples of that value, then perhaps others will have a similar view, especially at its current low valuation.
AIMO
Shut up you massive T.A.R.T
#Arcm is the market finally waking up to the fact they have a JV with #Anglo #Copper #BHP
.. never be underestimated.
Thank you all
Come 9n TNR until our next episode of zambia news fiction with your mats SJ answer a real world question on the board, prove to us all your not the utter T.H.U.N.D.E.R.C.U.N.T. that we all k ow you are xxxx.atvb
Siuya
Ysolblc.
Can you answer the questions soft lad yes or no, come on be brave my little thicky you can do it xxxxx.
Then SpeshNeedsSimpleSimonLee0p would now be preparing for a date with our very own Jarvis
A relationship made in heaven??
Imagine the conversation between those 2
SpeshNeedsSimpleSimonLee0p I assume that you have replied to my post as you are the only person I got filtered on here!
Dont know and really not 4rsed what cr4p you have said.
Anyhow question for you, remind me how the most important thing that matters has done since the JV was signed?
evening tnr got some dogging planned this weekend between chatting utter **** on this board.
1 name me a jv as good as this beaut in recent history.
2. are the drills now turning on these excellent licences.
3.sp if we hit a tier 1 or 2.
over to you thicky feel free to phone a fantasist friend for back up xxxx
atvb
siuya
.
Next presentation they should get the slide deck up and running covering both ZCP and KCB as most won't appreciate the strategic proximity of our various land packages to existing Tier 1 operations I'm the region.
Other than that the scale of the opportunity is truely enormous.
-
As someone in the media commented yesterday
"With sugar daddy style funding from a major, and enjoying the benefits of a resurgence in copper, ARCM has everything apart from a soaring share price – so far."
Exactly right. Not many opportunities to get in at ground floor level with a $85m funding package secured for 9 out of the top 10 prospective Tier 1 copper Targets in the region.
Mate they won't even use their own names utter jokers.
SeisNav
@NavSeis
What did they say about the structural hole? Just short of 1km down hole. Collared in Nguba which is below the Roan formation. Evidence of metasomatism (alteration due to fluid flow), Potential for nickel as well as copper (implies they hit mineralisation). #ARCM structural/stratigraphy drill traps ("many traps")," validation" of electrical findings,
Bots IP looks like it is "effectively linking" mineralization on both sides
Maybe some here would be more comfortable answering any/all such questions face to face.
My pub car park get together idea got zero traction though.. and that Burger King by Aldgate East talked about get together had little legs too.. so here's to a good bull and bear get together for a chat idea here :-)
Good morning favourite security guard wouyou like to offer me s compatible jv in this sector in recent history???.
Your mate has gone all quiet again.
Next presentation they should get the slide deck up and running covering both ZCP and KCB as most won't appreciate the strategic proximity of our various land packages to existing Tier 1 operations I'm the region.
Other than that the scale of the opportunity is truely enormous.
-
As someone in the media commented yesterday
"With sugar daddy style funding from a major, and enjoying the benefits of a resurgence in copper, ARCM has everything apart from a soaring share price – so far."
Exactly right. Not many opportunities to get in at ground floor level with a $85m funding package secured for 9 out of the top 10 prospective Tier 1 copper Targets in the region.