Member Info for aprogerson

Current Cash:
> ARCM OPEX and drilling funded for TWO years to end Dec-2022
> Cash position does NOT include any CASA payments ... these are a BONUS & potentially substantial

Production Scoping Study:
> Deposit is soil/clay based so much easier to mine reduced costs as no drilling/blasting and less processing ... think "earth moving"
> Confirmed flow sheet as detailed and very well advanced

Production Funding & Revenue:
> Fully owned Kalaba plant to be used to raise debt based finance $5m-$10m to fund substantial upgrade
> Revenue $40-$50m expected onstream in early 2022 with $20m+ free cashflow

In Summary ARCM is in an outstanding position for a Junior Explorer with near term substantive revenue stream and associated FCF plus a major looking to acquire and/or JV on some/all licences. BoD reiterated several times that not considering ANY further shareholder dilution as it is unnecessary as will be generating free cash in early 2022 before current funds (excluding CASA) run out end of 2022.

ARCM now has mid-tier copper producer/explorer written all over it with exploration internally funded from its own production facility on its own licences at the start of a copper bull run. Nice !
ATB APR

The more and more I think about this the less likely an all-out sale of ARCM to anyone seems. I absolutely get & understand a sale or JV of one (at most 2) assets, but as our licences have multiple decent prospects AND an ability to produce our own concentrate and revenue stream to fund future exploration.

Why give away that all away for a lowish sale price now when we can release the value over time and build a mid-tier producer/explorer with dividend stream over time?
AIMHO APR

Looking at Price Action over the last 3-5 trading days and uptrend support lines indicate a copper price target of $8,600 looks conservative now copper has broken resistance at $8,215.

Goldman Sachs is also calling a Commodity Super-Cycle and $10,000/t near-term and $40,000/t long-term copper https://www.fxstreet.com/news/oil-has-a-lot-of-upside-copper-prices-already-at-supercycle-levels-goldman-sachs-202102120014 (thanks Marco777)
ATB APR

@chisler Agreed the MJ mine interconnectivity is significant but until the Truth Machine (Drilling) gets underway we won't know how significant although we know historical grades from nearby mines are excellent and these new areas have not been drilled or mined previously.
ATB APR

@causal Not 100% certain as will need to reread RNS to see if it confirms current drill programme complete and whether any more assays being processed. If drilling and associated assays complete then I am expecting drilling to recommence when wet season ends probably 4-6 weeks away (my guess).

We know CCZ are working on Big One:
> Any further drill assay results ... not 100% sure we have them all
> JORC modelling of Big One
> rejigging drill programme based on JORC model data & 'new' drill results
> IP survey to do & then input info into model as and when completed
AIMHO APR

@QD22 Think of AIM market as a bear pit where you are fed information purporting to be accurate Buys/sells but are in fact marked as a buy or a sell according to whether the transaction price is above (buy) or below (sell) the mid-price set by the Market Makers (MMs) ... those are the rules! Also large buys or sells can get withheld sorry 'delayed reported' further eroding what us PIs perceive to be going on. Oh did I mention after market trading where further actions can take place if trades during the day have not been resolved?

If you want accurate information not subject to a 15 minute delay you will need to pay for Level 2 access and you can then see what the MM 'on the book' (ie Trading in this share) are buying or selling.
Good Luck & ATB APR

Copper price has broken out of its recent downtrend (Bull flag) @$7,810 and rallied over the last few days breaking recent high at $8,215 this Wednesday. The price is now retesting $8,215 as expected and if this holds then this resistance should become support going forward.
All good
AIMHO APR

Copper price has broken out of its recent downtrend (Bull flag) @$7,810 and rallied over the last few days breaking recent high at $8,215 this Wednesday. The price is now retesting $8,215 as expected and if this holds then this resistance should become support going forward.
All good
AIMHO APR

@Angoose I think you meant to say that the RNS is out and not Chris Akers who clearly added to his holdings so he now has more than 5%.
ATB APR

Do you have a link please as nothing on CCZ website?

@ken Given Rincon shares have now dipped back to IPO price of A$0.25c overnight £163k would have hypothetically bought just under 1.2m additional Rincon shares taking GUN over the magical 20% holding.
Let's see what they use it for

Just in case not seen by some https://wcsecure.weblink.com.au/pdf/CCZ/02339565.pdf

much appreciated as I have been completely dumbfounded by (a) SP & (b) some PIs reaction to todays RNS. I have also had time to read the CCZ ASX announcement which I find immensely more instructive mixing actual diagrams with the dry drilling results. My takeaway is there is far more copper than they were reasonably expecting and the historic drilling information has uncovered a good possibility that there is more to come but as it was shallow and the data is inadmissible in current JORC calculations we had better go an corroborate it using modern techniques before we can say anything definitive ... and guess what CCZ are doing exactly that!

The commentary on the PI podcast from earlier today from an independent mining specialist confirming that CCZ are doing all the right things and acknowledging the value of the historic drilling results to informing CCZs next steps is also very encouraging. Linked then to the potentially analogous operating Capricorn copper mine nearby is also encouraging.

Still looking good from where I am sat ... no news on a multi-billion mine at Big One being commissioned tomorrow is clearly dissuading some investors (yes I am trying to be humorous, just in case I am called out)
ATB APR

@troajan Thanks useful presentation from earlier today
"Mining specialist Charlie Stephenson from SI Capital talks through the latest results for Castillo Copper Ltd (ASX:CCZ).

The company has further extended the large copper discovery at the Big One Deposit within the Mt Oxide Project in Queensland’s Mt Isa copper-belt. This follows the final results from its 2020 program and recently found historical assays. Stephenson explains why these results are encouraging and his professional projections for the mining project."

Selling Angold derived from ZTR RTO also liquidates prior investments which had been historically written off.
Bottom line is this is now £163k cash in the bank for next investment.
ATB APR

@dcgc Good solid RNS with drilling updates and bonus historical results that add to their knowledge of the Big One deposit. Announcement of further infill drilling and at depth plus a 3km IP survey is also welcome and increases confidence of results for initial JORC MRE assessment of resource now underway.
ATB APR

Lovely registered and booked on zoom call for Monday 15-Feb-2021 at 1100
Getting warmer!
GLA APR

Investor Conference Call = Bold move NvS

Good news more warrants out of the way and £50k cash to GWMO bank account for exploration
ATB APR

@Riseagain ... or just trying to do it properly and make sure all shareholders including those in nominee accounts are informed? I'm with HL and still got a personal letter .... why so cynical?
ATB APR