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The fact that the first drill was just outside the main copper deposit, we do not expect the first drill to show that match ore, the second drill will contain better percentages, as we move drills towards the center we will get better grades and %. This is an exploration process in its early stages. The fact that they hit the rim or the first deposit at the first stage, mean they are very aware of the nature of the deposit and location. The good news is 78 m depth of the iron/copper ore. as we move to the center the depth of copper get larger and larger, and the concentration of the copper ore become more consistent. This is only the first target two drilling results. good luck for all.

Lots to be coming soon;
The first drill right at the edge of the main deposit:
CHDDE001, visible chalcopyrite mineralisation and associated pyrrhotite, 78.40m
with this depth, we just discovered the iron rim composite of the main deposit. usually iron is the outermost.
the second drill closer the the target.
CHDDE002, copper oxide and secondary sulphide mineralisation, 26.4 - 27.7m
and Zones of significant mineralisation intersected in CHDDE002 with the first zone 2m below surface.
This is promising as it has significant 78 m or more,depth and probably different layers of rich deposits covering the whole target area. good to see the location of these drills on the map

Never mind china, he is just trading this stock. 10% at a time, he is being doing this for months now. He is constantly ramping when he is in and de-ramping when he is out, very simple. today I am sure he is waiting for the best opportunity to jump in but he can't help himself to fool one or two sellers. The 250k block seller has long gone. but some traders here are using his technique to fool other traders to think the seller is still in.
china, you don't need to respond, I know what are you going to say, you are a share holder that have the right to throw **it at other.

I don't think cherry picking is on the table. Even if the first drill gets an indication of the bottom line, the second drill will get another depth, hence the angle of deposit drift downward. as usual they will start from the center of the exposed minerals. just have a look at the kalaba drills and you see the way they work, to assess the deposit. the drills are always at an angle not vertical, that is to maximize the chances for a good read. by comparing cheyeza grades and proximity to the big and active mine of our neighbors, I guess cheyeza is of the same age or it is even older and bigger. don't forget we have a new commodity sales professional on board, so things are progressing on that side as well.

yes cheyeza is on the western side
check these tow maps. cheyeza is north east of ntambu.

https://www.google.com/search?q=zambia+copper+belt+geology&tbm=isch&source=iu&ictx=1&fir=-sy9e9eis0kiXM%253A%252CpcVqKxroZJOwlM%252C_&vet=1&usg=AI4_-kR1HLFlZnTIxmP0NUbF9_ARKhLnsw&sa=X&ved=2ahUKEwioj96nj_PiAhVMKuwKHfEkAy4Q9QEwAHoECAoQAw#imgrc=-sy9e9eis0kiXM:

https://www.google.co.uk/maps/@-12.0438718,25.151667,233810m/data=!3m1!1e3

Check the formation of ore body in marine environment. there are two types only VMS and Sedex
Sedex does not contain copper.
https://www.youtube.com/watch?v=hlrHklF6T3Y

Rocktapper, no harm done.
according to your reference they are:
These largely terrestrial sediments are abruptly overlain by a regionally extensive, variably organic rich marginal marine siltstone/shale (Copperbelt Orebody Member, or 'Ore Shale') that contains the majority of ore deposits.
and according to NvS they VMS type, they are silt-stone/shale of marine origin. and since they contain copper they are VMS type deposits, Volcanic Massive sulfide. since sedimentary deposit or marine origin do not contain copper.
what matters is that they will contain lots of ore in all 10 targets.

Rocktapper, as we know so far the deposits in zamsort area are VMS type deposits, they come in clusters, kalaba is one of them, it is 5 km long and 2.5 km wide, it is dipping gently under ground, the visible tip of it is what is shown on the EM map. these structures are created long time ago in deep ocean and migrated to where they are now. the original shape of each deposit was mushroom shape by they being twisted and turned by the tectonic plates movement.
usually these mushrooms contain copper in the middle and heavier metals in the perimeter. so having traces of iron in the perimeter is normal. what matters is the copper deposit in the center and how it slides underground. by the look of the size of exposed ore at surface and the sample quality, cheyeza could be what we are waiting for. I don't think an experienced team would sample an area that is composed of recent deposit. they mast be sampling a real layer that has root in the ground.

kod is lithium explorer, two years ago they were approached by a Chinese agency acting on behalf of a major Chinese producer not as a legal branch but the agency is a subsidiary of the major company as a family business. the agency signed a deal with kod so they have the right to be first to buy the final product, this of course prevented other competitors from approaching kod, since then they never showed any real interest except the right to buy more shares to average down for 0.35 to .13 hence causing the sp to drop and now is doping more just because kod need to raise serious cash if they are going to build a plant. with their capital bellow 10m and the plant cost is 70m the next dilution will be 'nothing left for share holders'!!! serious partners aren't they??? since they signed the deal and got their man on the board, the PI have not seen a good day.

a hostile TO may happen when the company get a glimpse of what is in the first target before discovering other targets. if the bidder infer the true value of the other assets given the value of the first asset they could benefit from the low sp price and offer say 8p and gather the balk of the small PI shares to get a majority stake. I guess most of share holders bought at 4p or lower will be willing to sell at 8p well before the resources are truly known. that is if the buyer will not send a set of his employees to buy a reasonable share at a market price even before the bid. just a thought I may be wrong. I really don't trust that most companies will play fair game when it comes to buying resources in Africa especially Chinese companies. I saw this happening for kod for example since the day they bought a stake in kod the sp seems to go no where till they decide what to do with it.

The possible scenarios are:
1) the first drills in cheyeza are well above expected. then NvS will be under pressure to sell the whole lot for a reasonable price ignoring the other targets knowing they may be a bonus for the buyer. but NvS thinks they are good as well and the price should be higher and we have to wait for the results, we may even see a hostile bid. If PI are not careful they may be striped of their expected return sooner then what they expect.
2) the first drills show average results. the buyer or JV will drug his feet to see all results before any offer. pressure will be on arcm to prove enough resources in the area as a whole to attract a buyer.
3) I don't want to go into this.

In the last interview NvS talking about cheyeza said 2400 m 1200m for cheyesa west and 1200m for cheyeza east. I guess he is thinking of depth exploration and grades first in both locations, may be 400 x 3 for each, that is the optiaml deposit location. if depth is greater then the next set will account for that. the 7500m may include the other three top targets as well. In case of huge deposit at cheyeza then he may use them all in one location. nothing for certain yet till we have the results of the first successful set. by the look of it this 7500m target is to prove substantial deposit somewhere in those targets to attract easy finance at an acceptable price well above 4.5p already paid for this stock. the expected drills will be aiming at identifying 3 things
1) grade
2) depth
3) direction
although the last one may need some more random drills 1 km apart.

You heard the man saying majors are ready to invest 5 to 10 millions for 90% stake. when we have the results from the first drills it will be clear to each side what they can invest for which stake. I hope we will get it right this time. it can not all go wrong when you are aiming heard. all the negative odd where against us so far, but that will change some time in the future. all what it takes is a a single good result, a single good deposit and all the finances will be available for casa, kalaba and cheyeza and beyond. they are all profitable. It is tough time but we are at the bottom now. look for the bright future.

c2% equivalent Cu not c2% Cu. the reason was; the price of cobalt was nearly 10 times that of copper so
1% Cu + 0.1Co was equivalent to 2% Cu then, not any more with the current cobalt prices.

china, you keep criticizing NvS about kalaba, I don't know what could he do in such circumstances. we know kalaba is a stretch of 5km by 2.5km and depth of 60 m average. Even if we accept the average depth to be much smaller than that it is still a huge mine. we know it is a cobalt mine. NvS has nothing to do with cobalt prices dropping by 66% in such a short period. that is just bad luck.
cobalt is a marginal commodity in the metals market. it will drop significantly when consumption drop, but it will raise significantly when demand pick up. Kalaba will be profitable when prices increase. This is just the business cycle and Mr Trump trade war nothing to do with NvS decisions.

Here is my reasoning for this.
Given that kalaba is in the perimeter of the active area and it has 60m deep ore zone and low ppm and small exposed area at surface. Then cheyeza has larger exposed zone at surface hence more depth and the high ppm is fully explained by the exposure surface as it will be mach slower to deplete the concentration of ore. the expected copper percentage is likely to be higher than kalaba 1%, because the larger the deposit, the bigger the depth the more likely the process of ore concentration has being going.
So in short the new targets are not only bigger and deeper than kalaba but they have more ore per metric ton.

kalaba is a damp squib!! I am not sure as we still don't know the JORC yet. Kalaba is nowhere close to the new targets.
economies of scale will come soon. those high ppm elsewhere sure, they have not being created by wind blowing west. from kalambela. the ore is there on very large area and at surface level.

COPPER: Anything over 100 metres depth and 1% copper equivalent or better is considered to be high-grade. For example, Serengeti Resources announced 119.6 metres of 0.9% copper equivalent (copper plus gold values added together) at depths from 180 to 300 metres. The stock then increased from $0.30 to $1.50 after those drilling results were reported.
http://www.mining.com/web/making-the-grade-understanding-exploration-results/
with arcm samples these figures are expected to be exceeded.

The link is
go to you tube and paste 'arc minerals investor call' in the search bar otherwise go to
https://www.youtube.com/watch?v=UeYoa7FMOlg

This is not for ramping but a reasonable prediction of what we have.
that is a strong signal of rich mine underneath, it could be easily exceeding 2% copper with a stretch of 3 km and consistent width of 800 m. that is 2,400,000 *2 visible, that is 5 million tons of each meter depth. give it a reasonable stretch from the north and south underground deposit. this deposit alone could easily exceed 1 billion tons.
From the map we see cheyeza is 8 x 8 km from which 3x0.8 are the main layer close to ground the rest are may be signals of rich mineral layer drifting under ground. so 3X0.8 is the top visible layer, the rest still to come.