Member Info for aprogerson

@robertjt Really nice spot thanks. Updated note seems well written and gives an initial view on commerciality which given that most of the drills and mineralisation is 'almost' at surface (given a 'shallow' open pit operation is 150/200m deep) it puts the Big One opportunity into perspective. Add in the 2x potential shallow deposits at Arya and this could get compelling very quickly!
IMHO APR

@notready and @ Lobsi Do what I did and take a position in both CCZ and ARCM ! ... tricky bit is deciding how to balance your portfolio as trying to do it by 'guessing' or market timing is a mugs game as I have found out to my cost before!
Simply I have 5 investments and split portfolio equally ... 2x copper, 2x gold/silver &1x Investco & then fingers crossed!
AIMHO & of course DYOR
APR

From 9-Dec-20 for the Newbies ... RNSs after may apply!
Summary of what I think we know & why from multiple RNSs, Podcasts, interviews & presentations:
ARCM: http://s2.q4cdn.com/256050873/files/doc_presentations/2020/11/201109-Arc-Minerals-Presentation-NOV-2020.pdf
Mining Weekly: https://m.miningweekly.com/article/zambia-copper-explorer-has-exclusivity-agreement-with-anglo-american-2020-11-08/rep_id:5582?__twitter_impression=true

(1) Exploration Licences = 100% Zambia focused licences namely Zamsort @66% & Zaco @72.5% covering 872 km2 prospective for high grade copper BUT no JRC compliant assets =ARCM 2020 Annual Report
(2) AAL Exclusivity Agreement = 6-month Due Diligence on all licence area data & AAL actively involved in advising ARCM on current ongoing drill programme led by David Wood Discovery Manager, Zambia for AAL. "depending on the outcome of this review, AA has the right to either extend the agreement and/or enter into a commercial transaction for the development of certain or all of the targets on our licenses." =ARCM 2020 Annual Report
(3) Strategy = generate Shareholder value "...we identify, on an opportunistic basis, as many key targets for a partner to come and develop them, either exclusively or jointly with us ... spending $4m to $5m per target." =NvS Intaba interview
(4) Exploration = significant soil sampling and modelling to inform 17km of drilling at cost of $3.5m over 14 stated targets =NvS Intaba interview & RNSs
(5) AAL Knowledge & MO = AAL explored Zambia in 1990s with 9 of their top 30 targets in ARCM licence areas & David Wood is their stated expert in Zambia. AAL are not adverse to taking equity stakes or JVs. =Targets #1 to 7, 11 & 16 Ref: Anglo-Equinox Target Ranking List 1999
(6) One or more Tier 1 Cu assets: NvS / ARCM assertion only as have no JORC compliant assets confirmed
(7) Other Interests (multiple RNSs refer):
> Sturec = 1Moz gold mine in Slovakia sold to MetalTech. with rights to further cash subject to JORC uplift results. ASX update http://www.metalstech.net ... update on ASX 8-Dec-20 applies! ARCM get cash if over 1.5Moz asset
> CASA = JORC compliant 3Moz Akyanga gold mine sold, but retain $5m CLN and 3% NSR to $45m revenue, subject to approach by MEDR with all script offer of £4.56m at circa 26% premium to CLN & 3% NSR retained. Is RTO so will need 65% shareholder approvals

ARCM Options for part or whole of any licence or 'project' within these licences:
(A) Outright or partial sale to one or more 3rd parties
(B) 3rd Party %Earn-In to take project/s to DFS and JORC compliant asset status at no cost/risk to ARCM
(C) 3rd Party Equity stake in ARCM for cash so ARCM can take to DFS and JORC compliant asset status at ARCMs cost/risk
Note: a JV is only viable if meaningful equity stake retained by ARCM post DFS and asset/s are economically viable

I've purposefully tried NOT to add any personal views or comments!
APR

@leathal have a look at my posting history for a "GWMO In a Nutshell" for a one post summary if that helps?

Rincon dropped overnight to A$0.34c on the back of gold being hit so hard due to dollar strength driven by tick-up in 10-year T-bill yield. RCR news flow will change this but for now will be driven solely by gold price
AIMHO APR

I just checked Pires the "Hi-Tech investCo" who also took £200k investment in Low6 as per their 14-Dec-20 RNS https://www.lse.co.uk/rns/PIRI/investment-in-low6-2cp21x4e7pa5i3a.html
Low6 looking to IPO H1 2021 it would seem

@franco Cash is always an issue with Junior explorers without any revenue fortunately CCZ Paull Simon stated sum cash position as A$5m or £2.85m back in LSE Aug-20 interview following AIM listing and £1.35m placing just before Big One drilling campaign got underway so we know their drill programme as stated is funded.

Link to yesterdays Zak Mir update targeting 4.5p in near term ... coverage from 2m20s
https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-11th-january-2021/#gs.qe7li9

SP already back up to 4p which speaks volumes

I think this is as simple as making sure ARCM is funded for all options whether it is:
> Drill programme
> Small scale production plant commissioning
> legal fees for AAL transaction
Any and all of above move ARCM forward and increase shareholder value. Alternative is to raise money when you need it and you lose control of what that 'price' maybe so much better to have 'powder dry' and money in bank.

ONly thing I REALLY want to know is how much cash they have and what 2021 programme is but telling market taht now when negotiations are still live was never going to happen. News will need to come out in next 1-2 weeks whatever so I can wait!
AIMHO APR

LOL @smirk I try not to talk about my problem especially as my CCZ holding is not a round number. My last round of purchases early in the New Year I rounded up every holding accept CCZ ... you're not alone! Just not sure what to do with CCZ now so I'll probably sell a round number of something else and top up here!

Well spotted Gdtanner ... should add some more interest tomorrow

So just over 30m volume today plus 3x more buys for another 0.9m volume in after hours trades:
11-Jan-21 17:07:43 4.40 450,000 Buy* 4.30 4.40 19.80k O
11-Jan-21 16:45:56 4.40 50,000 Buy* 4.30 4.40 2,200 UT
11-Jan-21 16:33:00 4.30 400,000 Sell* 4.30 4.40 17.20k

For comparison volumes earlier in the week on Monday was 6m and Tuesday 7m volume

What do we know about any operating copper mines near CCZs Mt Oxide project that MAY allow CCZ to piggyback future production using another mines processing facilities for an early production
revenue stream?
> Capricorn Mine - started producing Feb-2018 https://www.northweststar.com.au/story/5242751/capricorn-copper-makes-its-first-shipment/ Capricorn looks like it is about 50km from Arya/Big One using CCZs own map @ https://www.castillocopper.com/three-core-copper-pillars/

What else is out there and nearby?
APR

Up 64% on market close @4.35p. Remarkable day & ASX opens in under 7 hours ... interested to see AIM tomorrow am

@TSP You make a good point about a JV with an existing major particularly if:
(1) they have existing Processing Plant with spare capacity & similar geochemistry for metals extraction
(2) good infrastructure & reasonable travel distance ... nearer the better

Just look at NCMs Telfer Gold/Copper processing plant in Pilbara, Aussie and along comes GGP with Havieron discovery ... transformational for both companies! Not to mention what nearby Artemis, Wishbone, Rincon and Antipa may unearth.
APR

@TSP Simon Paull said it himself that EVs are the future and whatever the technology be it battery or fuel cell they will need at least 4x the copper of ICE vehicles ... that's a LOT of copper!

@Causal Record highs for Copper at $7,880 & Gold at $1,850 matching August 2011 high and just off recent high of $2,070 in August 2020 ... both setup for a good run and gold taking a well earned breather!

@copperOn have you got a link to the SP Angel commentary?

@Somerset Just checked LSE media from 4-Aug-20 following AIM listing and cash raise and Simon Paull confirmed cash position as A$5m or £2.85m including Placing funds. Latest LSE video also released today confirms SP as very aware of ongoing costs and planning accordingly.
APR