RE: Share price24 Apr 2023 11:47
BM your posts on the 31.03:
• Fair enough, Ella. I do think it is really impossible to value juniors pre-discovrry, and yet they have to have a value. I am personally not surprised by the possibility of 100m mkt cap within a short time of the JV signing and would be happy to hold my shares until at least a 200m mkt cap, at which point I think some derisking comes into play. I currently hold 9.2m Arc shares, about 0.5% of the company, and am pretty relaxed about this holding, given the fundamentals for copper in the coming decade, and that AAL are taking over ops (I am certainly no fan of NvS). Wish you good fortune in whatever industries and companies you are invested in, I hope you don't buy any arcm as I am seriously considering rounding my being up to 10m shares, so the fewer people buying in the coming days the better from my perspective
• Ella, I don't see why 100m for 20% of the JV would be unrealistic at all. Anglo are here for one or more tier1 discoveries. In the coming decade, a t1 cu mine in Zambia could well be worth 1b+. Seems to me that if Anglo know what they're doing and drill well, a 50p share price here is not unreasonable in some years.