Member Info for ARahim

In short what this boils to is: large companies are not involved in exploration for a reason:
1) they don't want to be competing with small cap explorers for assets they will buy later at a discount.
2) the discount is worked according to these criteria depending on the type of deposit.
a) size and grade
b) depth and hardness of rock
c) distance to market
d) other social and economic factors
producers make sure the discount is going to allow them a dissent margin of profit. they are happy to leave the job of chicken scratching to small caps, and when there is a sizable discovery they first tap at the shoulder of 'BOD' as they did with NvS last week, then the assess the outcome of drills and then they make the final offer. the final offer is going always to be well above what small cup may have spent on several projects. It is a risk mitigation game, vs risk reward from the other side.

and that 338 shares at 4.17!!!!!!!, MMs are using these fake ID and these small sells to fool investors into thinking there is a drop.
very poor attempts.

Franco2019, you sound like china to me mate, have you changed ID after you burnt the first one. The same tactics. trying to gain friends and open endless negative debate.
china man it is clear to me you are the same??????

drills are designed to discover the whole deposit not only the center of it. the first drill was right at the north edge of the main deposit, and it turns a mix of copper/iron deposit, which happens at this type of deposit at the outer most ring. this deposit was at 87m depth which is very good for depth of the main deposit.
the second drill returned 25m of copper oxide starting from 2m including 56 cm at 13%, this is the exposed layer of the main deposit as oxide does not occur at depth. the main deposit is copper sulfide which does not exist at surface, NvS said the visuals of the third whole are better than the second one, and he also said when asked about copper sulfide that it should be there.
Now they are starting from north drilling each 200 m, we expect to encounter the main deposit in the few drills to come. this is an exploration process. I repeat there is no oxide copper without sulfide copper underneath. In short the third drill should return some sulfide. this of course may cause some questions regarding the optimal drill depth to cover the main deposit if it is much wider than what is drilled so far.

It is a psychological myth;
traders looking at the chart think they are on a spike, some even drawing charts and showing fake resistance levels. It is not a spike, this price is still well below what sp should be. soon the mood will change and expected good news will push to new highs, the new drill is certainly better. I am waiting for it to work out my first forecast 'very early one'. of jorc.

There is of course the emergency plan:
In case west Cheyeza turns to be the mother of all deposits then more rigs are required to speed up jorc that of course will include RC rather than DD, RC is much faster and can fill the gaps between DD drills for accurate Jorc assessment.
Vasily is going to zambia this week to walk through west Lunga and assess the new find, if he is happy they may get a whole of two there as well to confirm geology. from my side the first two drills at cheyeza east look very promising in matter of size depth and grade.

zamsort, zaco contain 13 targets, cheyeza east will take 6 months to get jorc done and probably sale, the rest of targets are prioritized according to expected size and grade, west Lunga is number two on the list as it is very similar to the huge
DRC kamoa deposit. now we just finished the first two drills, first one was right at the north edge, the second one is 200 meter south, the second one is as described in the last RNS, the third drill RNS is expected this week or next week. there are acctually two rigs at work with the rate of one drill a week expected.

by the look of the graph of last days there is no major trading happening here, the growth is steady mainly caused by previous investors returning to reclaim their position. we are in a positive retrace from the previous kalaba shock. the volume is a bit higher but the demand is steadily stripping supply. so if it continuous like this the growth will continue for days.
If the volume increases substantially we may see a sharp spike, that of course will cause a retrace. till now there is no fear of retrace, it is just a slow return to the 5.8p range before good news will kick it up again.

our gold assets are worth 4.5 billions in the ground, a cheap sale of casa alone will double the mcap, we are just 24 millions mcap.
never mind the gold assets, next few weeks starting from next week are going to be sparking with good news. lots of copper and very good grades.

I like your estimates Twohits, 60-70p is a reasonable price.

It is comparable to kamoa, we have the right to expect £1 a share then.

lots of multi km targets, Anglo American should do more than tapping NvS shoulder,
I think 30 m at higher sp price should do the job to bring this monster to life. watch what he has to say today.
lots of option: sp should re-rate nicely today before next week good results.
by September this is going to be well above 10p

step by step, this sp is expected to grow with every new result.
Next week we will probably get the result of the third drill. it is expected to show better copper oxide results and may be the tip of the copper sulfide. this trend of improved results is expected to continue for a while.
with two rigs in place we are going to see more results frequently.

DD drill produce a core from the drill , it is accurate as it shows the exact location of each layer 'geological layer', but it is expensive and slow. It helps understand the structure of the area in depth.
RC is much faster, it will produce fragments rather than core and it is cheaper. so the infill between two DD drills don't need to be DD but RC will be enough to assess the % mineral in the targeted depth.
we need to see different core samples to assess where the deposit is and how it is shaped by the geological changes.
these deposits where mushroom shaped at origin but now they are twisted and turned by the earth movement, for example: kalaba was a mushroom shaped sulfide deposit but now it looks like a stretch of wavy layer of minerals cupped with oxide ore.

clearly the mines we have in zamsort are VMS type they form in the see floor caused by upward movement of water rich with water at high temperature. the rock is composed in the same period as the shell see floor. at this stage there is no oxidation happening as there is no oxygen. all minerals in VMS types are sulfides at origin in see floor. when these deposit moved to become part of continents long time ago they started getting exposure to weathering and oxidation, this is why we have oxides happening at the top most layer, this layer was subject to rain water erosion, and this is why we have the 13% concentration at the bottom of this layer.
so the copper oxides are at the top of the exposed area, sulfides are still at the bottom, the oxides were deposited next to whey they are.

NvS said we hit only oxides so far, the sulfides are still at the bottom and we are going to hit them soon. the first whole showing sulfides at 78 m depth is promising indeed, it was at the north edge of the main zone.
When we reach sulfides the depth will be considerable.

p00rman, I don't think it is time for cash injection yet, they moved the second rig to cheyeza east from where the last results we got. The aim here is to produce consistent results again and again to set a pattern, to raise the sp, and to convince JV to part with a considerable amount for a higher sp.
From now on we will see results coming by the week or at least two weeks interval. we still we don't know where is the tip of the main deposit and where it is heading. The good news, these large percentages don't occur in one location and disappear suddenly, we will intersect them with different depths thicknesses and concentrations

I meant
13*2*10*6 = 1620. brilliant math isn't it?

the 2750 ppm covers a wide area, this means the large conductive branches of copper are all over the place.
13% copper by the price of today means $1620 for every meter containing this grade.
that is for every cubic meter we have at 13%.
13*2*6000 = 1620. brilliant math isn't it?
you can easily see the picture. if a single square km contain this 13%, then we have a worth of copper > $1 billion in the pocket.

fulmar29, In the last RNS this statement:
visible chalcopyrite mineralisation and associated pyrrhotite, 78.40m
chalcopyrite is copper iron sulfide mineral
and pyrrhotite is iron sulfide mineral
both occur at the outermost VMS deposit as described here
https://www.youtube.com/watch?v=hlrHklF6T3Y