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Might be considered conservative by some given:
> Incoming copper boom.
> Tier 1 discovery targets.
> Present ultra low market cap entry vs potential multi- billion project target NPV
> Broker note calculating ZCP @ $1.89 billion potential valuation.
> Company fully cashed up
> BoD loaded up heavily.
> J V with a Global Major for free carry of $85m spend.
> Undenia> "The most significant small cap exploration drill program since the SOLG & GGP multibaggers."
It's simple really, if they announce a Tier 1 discovery system to market.
This will 20 x bag (or possibly more)
Normally, I'd suggest these things are binary, but in this case they have so many bites as the cherry over a huge Tier 1 district scale licence with a massive drill program that even the most stubbon of the naysayers fully admits that AA will go on to prove up a discovery or possibly multiple discoveries at the ZCP.
Opportunity to get in at ground level ahead of MARKET UPDATE TOMORROW re: drill programs.
GLA
Might be considered conservative by some given:
> Incoming copper boom.
. Bold statement without supporting evidence.
> Tier 1 discovery targets.
. They are only targets. They do not become "Tier1" until they produce. Thats 15 years away and only assuming the asset is in the ground.
> Present ultra low market cap entry vs potential multi- billion project target NPV
. Potential - all companies have that!
> Broker note calculating ZCP @ $1.89 billion potential valuation.
. Where?
> Company fully cashed up
. How do you know this Botswana, working capital etc...?
> BoD loaded up heavily.
. Really?
> J V with a Global Major for free carry of $85m spend.
. Will give you this one!
> Undenia> "The most significant small cap exploration drill program since the SOLG & GGP multibaggers."
. So what?
It's simple really, if they announce a Tier 1 discovery system to market.
. "If", "if" , "if"!
This will 20 x bag (or possibly more)
Ramp , Ramp, Ramp. you are an embarrassment.
And there's a worried bitter old soul.
Why is travelcard only interested in Arc in particular do you think? There are lots of juniors out there whose licenses he could be calling into question but he ignores those and has spent two and a half years trying to stick the knife into this one! What a sad excuse for a human being he must be!
I've given up long ago trying to figure out what motivates the trolls, and if they haven't worked out after all this time how sad they really are, then there's absolutely nothing we can say that will help them to see it. Travel is bitter and then some, just let him choke on his own bile.
Seis - Fulmar. - I just try to provide some balance to your purely ramping views. Call me the voice of reason.
His first posts were about the fake High Court cases so he had clearly been primed about that. Probably something to do with our former director / con-artist.
SeisNav talking of our ex ned interesting post from Advfn.
atboy1nc1 May '24 - 07:44 - 8910 of 8917
0 20 0
Mushinge,
You are sadly your own worst enemy!
This will be the Options in question:
hxxps://www.arcminerals.com/news/rns/rns-details/2022/Arc-Minerals-Limited---Grant-of-Options/default.aspx
"Further to the Settlement Agreement as first announced on 18 February 2022, the Company announces the grant of options to the claimant parties over 3,000,000 new ordinary shares of no par value ("Ordinary Shares") of the Company ("Share Options") with an exercise price of 5 pence per Ordinary Share. The Share Options are exercisable immediately and will expire on 31 March 2024."
Options clearly indicates an expiry.
Your financial acumen optics are of your own making - personally classifying you as extremely poor.
You also sold Arc shares to Stone Creek Global Ltd. Not fully understanding the exotic derivative on exchange.
Proverb of the boy who cried wolf.
Published investment analyst target $1.89 Billion valuation target is really just focused on the Anglo American JV and highlighting the potential mid-
case outcome for ARCM of $1.89m at ZCP.
Clearly it could be much higher given that out of the top 30 ranked targets in the region (which include the 3 existing multi-billion dollar Tier 1 copper deposits owned by global majors that neighbour our licence area.
ARCM owns not 1 BUT 9... YES 9 of the Top 10 ranked district scale Copper targets in the whole region with the other 3 existing multi billion dollar copper deposit discoveries ranked much lower down the target list than ARCM's land package.
No reason.why the investment analyst target of $1.89billion may not be seriously upgraded by a multipler of 3 or 4 x times..
With all the talk of the AA JV, no one has really been focused on our licences in the Kalahari Copper belt (KCB) where our two licence areas are next door to Khoemacau copper mine that has in the past couple of months been acquired by the Chinese company MMG.
https://www.mmg.com/media-release/mmg-to-acquire-khoemacau-copper-mine/
I wouldn't be surprised if they don't already have our KCB assets firmly in focus as another potential take over target.
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There is the potential for multiple Tier 1 projects to be proven in the ZCP with deep pocketed AA committed to spending $85m to proove these multi billion targets up.
In addition, our KCB neighbours have recently been acquired for a multi billion transaction.
At just £25m market cap and AA happy to throw $85m at discovery drilling and they have the deep pockets to build any discovery fully out. This has multibagger written all over it.
From these levels the prospects of a dozen or so inflection points gapping up the SP aggressively over the next few weeks & months ahead is probably akin to nothing else seen in the small cap space since SOLG and GGP went on their mult-month breakout rallies throughout their discovery phase.
It's a classic lasonde curve play with a massive free carry on the drilling from a global major.
Probably the biggest copper drill in the junior resource space since 2016.
I certainly won't be missing out on running a nice position from here.
GLA
Great news!
Anglo American now underway with $85m JV spend in Zambia and also work under way to then also comence drilling in the Kalahari Copper belt.
Worth a reminder for folks just checking in.....
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Investor Call via Investor Meet Company
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Investors can sign up to Investor Meet Company for free and add to meet Arc Minerals Ltd via:
https://www.investormeetcompany.com/arc-minerals-limited/registerInvestors
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Update on Drill program about to kick off.
@Travelcard Thanks for your suggestion "Call me the voice of reason" ... I haven't laughed so much and so hard in ages!
ATB APR
Investor Meet Company Call 12:00 BST
TODAY Thursday, 2 May 2024
Investors can sign up to Investor Meet Company for free and add to meet Arc Minerals Ltd via:
https://www.investormeetcompany.com/arc-minerals-limited/registerInvestors
PP is something going on today??
PFP I actually am more excited about our assets in Botswana than zambia at the moment for the reason that Anglo will dictate news flow for Zambia and they are not a junior explorer, they don't need to ramp it, at least with Botswana news flow can be released as they go, survey news due in a week there. I do wonder if the Chinese would be interested in a Jv if they find anything meaningful.
While we are waiting for the meeting interesting interview from midnightsun on Copper
TMO | The last time we spoke, Adrian, we talked about the massive property Midnight Sun has in the heart of Zambia. For those who missed our last discussion, who is situated near you and what target of yours is of particular interest at the moment?
O'Brien: The property is really uniquely located in that in Zambia there's kind of a traditional Copper belt known as the Zambia Congo Copper Belt. It runs from the DRC (Democratic Republic of the Congo) down through Zambia, but then there's another area called the Domes Region and that's where we're situated. So that runs east to west, and it's basically a belt that hosts billion-ton copper deposits. So there's four or five big, well-known mines in the area.
When you talk about who surrounds us, right next door to us, and I mean six kilometres away is Kansanshi, which is First Quantum's flagship. You have First Quantum Sentinel Mine, further to the west, Barrick's Lumwana Mine, which is like ground zero for Barrick's move to becoming a major copper producer, and then above us you have Ivanhoe's Kamoa-Kakula and one called Tenke that's owned by China Molybdenum. They bought that a few years ago for $4 billion.
TMO | You are partnering with KoBold Metals, $15 million over four years. Has there been any recent developments around this, and what will be the first steps in terms of work on site?
O'Brien | So KoBold of course, is kind of a newer player, right? They're an AI mining company that's come in the last couple of years, really, really bleeding edge, exciting. They're using new technology, novel technology, AI combined with traditional geoscience in order to expedite the development of assets. And so they've taken on projects all over the world, but this is kind of their flagship copper exploration property.
But they've built the absolute best geological team and so we're a few weeks into the deal being announced. We've started now to dig into what does the actual geological approach look like, and it's being led by David Broughton. And if you don't know David Broughton, David's probably the top set copper expert in the world. And he's leading this program. He's built an absolute top-notch team of the best geologists out there, and so David's leading the way.
They've just sort of shown us what their plan is. It's aggressive. They're getting ready to drill. They have two drill rigs ready to go. Their plan is to basically attack this thing. It's drill ready. So we don't need to do a lot of preliminary work, and they have a really aggressive drill approach. So we're getting close.
If Bots drilling shows reasonable results (anywhere near or better than surrounding neighbours assays) the value of the assets (sale price) will surpass our present Mcap (not too difficult I agree)
It was a rainy season in Zambia, and that makes it very difficult to move rigs across the ground. It's not that there's a lot of rain days today, but they're in the process now. We're waiting for the ground to dry out. We're waiting for rainy season to end and be gone, get back to the beautiful 75-degree weather in Zambia and get the drilling underway.
TMO | Briefly we talked about the new science that is going into developing these targets. Can you recap the significance of this?
O'Brien | I think if you look at the approach that KoBold is taking, so in particular they're working on a project. If you look at our entire project, just to slightly digress here, we have four big individual targets.
So the property is essentially split up into four pieces. Each of those targets has the potential to be one of these billion-ton domes region deposits but basically they're focused on something called Dumbwa, and the deal that we struck with them is just for Dumbwa.
The rest of the property remains with Midnight Sun, and we're going to advance that on our own. But Dumbwa itself is a 20-kilometre-long soil anomaly, which that fact in itself is exciting, but it gets up to 0.73 per cent copper in soil. So the entire property is covered in a blanket of soil, if you will, and to find trace copper is usually a good pathfinder to something bigger going on.
In this case, the average grade of each mine across the domes region is 0.59 per cent copper spread across all of them. We have ore grade 0.73 per cent copper in soil across this anomaly, which is pretty spectacular. So KoBold is basically utilizing that. That's their pathfinder. They know this is the target they want to attack, and so they have a big drill plan for that.
TMO | Do you think this is one of the best times investors can get in on Midnight Sun? And if so, why?
O'Brien | Well, I think it's the best time to be investing in copper in general. Certainly we're going to be obviously very biased and say it's the best time to invest in Midnight Sun.
If you're looking for something in the copper space, first of all, copper, there's a new demand for copper that we've never seen before, That's right on the horizon, right? So you're probably, let's say 18 months out from seeing a new phase in copper that's going to be driven by electrification. That's going to give us a couple of decades probably of runway where you're going to see demand for copper like we've never seen before.
Never in my lifetime, never in your lifetime. Huge demand for copper and what you really have to look at is not just a demand for copper based on electrification. That is certainly the driver, but you have to look at copper projects globally.
So you have a lack of new projects coming on stream. You have a lack of discoveries being made and the discoveries that are being made are typically porphyry deposits. They're typically now, I like to say the low-hanging fruits been picked. So the easy ones to find have been found.
Now we're into these projects that are really deep, they're really expensive, and we're talking CapEx (capital expenditures) that's beyond what any junior could probably ever tackle. So huge CapEx, tough jurisdictions, they're very deep and you have to look for projects that are quicker to get into the pipeline of development, that are going to be able to reach production stage more quickly and that are probably lower CapEx, so meaning open pit, and then you have to think about jurisdiction. If you look at Midnight Sun, you have jurisdiction
In Zambia, 75 per cent of their export earnings are copper, totally mining-centric country. You've got every big player in the picture. You've got First Quantum, Barrick, Rio (Tinto), Anglo (American), now KoBold. You've got Ivanhoe just north of us in the DRC, which is a much tougher jurisdiction.
So you've got jurisdiction. What kind of scale are you dealing with? Well, every deposit pretty well in that region is a billion tons. So you have copper deposits that are at the very, very highest end of the spectrum.
The grade is there, the geological makings are there and then you have four or five of the biggest mines in Africa surrounding you, certainly Kansanshi being the top African copper mine and you then can think about runway to development. You're not looking at something that's going to need 10 years to move towards production, and we have to arm wave that we're going to build a mine.
Midnight Sun will never build a mine. That's not our goal. That's not our plan, but you have all these mines in the region that could certainly take advantage of that and if somebody finds something big enough on our property, or if we find something big enough on our property that we actually think it warrants a standalone mine, that's something to be figured out at that point but we don't need to aim for that. So it's really the right thing to be looking for in the copper space.
TMO | I imagine the company has some major plans going into this year. What are some of the things that you're most looking forward to?
O'Brien | It's certainly got to go in drilling. I think for us right now, we've waited a long time to see what Dumbwa is made of. Dumbwa is a fantastic target. It's unique, it's high grade, it has all the makings of a really exciting story.
We still have three other targets to go and drill. We have KoBold, we have the excitement around that, we're pumped to be partnered with them. I mean, as I said, they're bleeding edge. They're doing things that nobody else has really ever done. They're moving forward.
We have the amazing geological team but a big drill program at Dumbwa is going to be super exciting for us, and then we're making our own plans now to attack something else that we have, which is oxide. You sort of have copper oxide in the top part of the stratigraphy and sulfide deposits down deep, right? So we're looking for these big sulfide deposits.
We also have oxides, and now we're looking at an approach to doing that. So we're looking for funding, and we're going to go out and start chasing oxides and see if we can put a resource together that would create a near-term mining situation.
Jarvis you really need to get out a bit more, perhaps take up fishing or find yourself a partner.
What you gonna do when the price tumbles again and you are left once again looking a fool?
Anyhow where is this broker note and how are your charts doing??
ATVB
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TNR you attribute so much "truth" to the share price in a given moment that you will never succeed.
Not long now until phase two of the plan, phase one news issued, normal people try to ramp it up.
Phase two NVS trys to ramp.it up and convinces said phase one rampefs that this is the real deal, tell friends and family, ramp it on this BB big salaries and no results can keep going until a further raise required.
Imminently shortly and on it goes and goes and goes, pretty bad?
"Well, every deposit pretty well in that region is a billion tons"
At say 0.6% copper that equates to 6m tonnes of copper
At currently $9700/tonne that's $58.2bn worth...
.... but it's still in the ground so you can only attribute a few % of that value depending on many variables like grade, depth, jurisdiction etc...
So let's say 3% x $58.2bn = $1.746bn of which we would own c. 20%
So around $349m or £277m, or around 10-11x our current Mcap
To sum up my very very ballpark figures, I'd guesstimate that the discovery of each average sized tier 1 copper deposit would therefore add 20p to the s/p.
@Jarv55
It's a good point re our KCB licences.
The AA JV naturally has been getting most of the attention of both shareholders
(and non shareholders) :-))))
But, as was mentioned on the call today
MMG Who have recently bought out our neighbours for a multi billion transaction and they are looking to significantly increase their mine throughput
"Our licences could be the solution" was I believe the phase used and they seem pretty confident.
I wouldn't be surprised if MMG don't already have our KCB assets firmly in focus as another take over target.
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