Member Info for Bloodshot

I agree poorman. I keep telling myself I should be patient, its an AIM mining company so we shouldnt expect too much but it would be nice to get some more precise and detailed info on Kalaba especially. Hopefully the jorc will give us enough info to have an idea of its full potential and we can see updated maps and are given forward profit estimates for the CSD etc. I know (im guessing anyway) they are still doing some drilling there and well have to wait for the results but seems like theres a lot of guessing going on here sometimes because of lack of updated info.

Nice find ARahim...Kein sorge ich kann auch ein bissyen deutsch sprechen..es war nichts wichtig. It was just greetings in german at the beginning..nothing important. I thought he was a good interviewer though. He asked the right questions.

Good news about the CSD as well but they didnt say they have all the parts they need, so we shouldnt get too excited just yet. Im surprised they got the acid through with the cyclone affecting Zambia.
Shouldnt be too long now before production starts.

Eveything seems to be falling into place.

At least I didnt mention how chewy and difficult to swallow the head and feet are :)

To be honest, the more I research mining the more confused I get. Results are very much open to interpretation and misinterpretation based on lots of different factors.

I knew I shouldnt have played truant from school as much as I did.

Im happy with the calibre of the management, esp NvS and the wise old Don Bailey and the fact that they all have skin in the game. Don has some at 7.5 I believe, in lieu of payment. That shows his confidence in the project and to me puts something of a base on the price well get. A double for me here in the next 12 months or so is the minimum I personally expect (about 10p) and the upside from that is much higher if the other targets are as good as we hope.

Thats good enough for me for now. Must stop rabitting on so much.

Patience and luck needed.

Fatboy, I might have cocked my post up slightly. I should have said...the original target size was of only 6m tonnes of ore for Sentinel, (not 150m) which was eventually upped to one billion.
A massive rise, so even if that had increased to around 200m/250m ore estimate at time of sale, (not sure of those figures) then obviously it was sold too early and cheaply and probably NvS had this in mind when politely refusing an offer which would give us only 20% of the value of a deposit which is almost certainly much bigger than will be shown by the MRE that we will soon see, based on limited drilling.
Not saying its anywhere near Sentinel size (obviously not if the majors are being sniffy about it) but almost certainly should be bigger than 20 to 50m tonnes ore and if the other newly discovered targets are likely to be multiples of Kalaba then its definitely game on.

NvS is nobodies fool and not going to give our assets away cheaply. He wants best possible value for all shareholders, including himself and others on the board who have their own money invested here. We are in good hands.

6m tonnes the initial target estimate for Sentinel and around the same time, 150m was the estimate for Kalaba. Goes to show that you cant trust early estimates but its all still to play for, especially with the new targets and like you say..one step at a time. MRE should be out soon.

Like ive said before, Im no expert and not an experienced investor in mining companies , this is just my musings so you need to dyor.

Most here use good morning anyway fulmar. Their lingo is a mix of local dialect with plenty Spanish words (Spanish were here for 300 years before the Yanks ousted them) and most speak english quite well, albeit pidgin American English. Have to get used to being called Joe here by anyone who doesn't know me because everyone assumes if you have white skin and a long nose your a Yank.

Regards the foods here..had some fruit called guyabano yesterday for the first time and have a severe case of the trots today. Not everything here agrees with western stomachs weaned on processed foods but we have plenty buko, banana, papaya, mango and other tropical fruits that are very healthy tasty and agreeable. We grow a lot of it on the farm.

Worst thing ive tried was something called balut. Its an egg with almost fully formed chick inside. Eaten lightly boiled. Ill try almost anything once but that was hard to keep down i can tell you.

Managed to swap rizq786 for ARahim as well..apologies.

Sorry that was meant as a reply for westie not yourself fulmar but magandang umaga to you too.

Magandang umaga kuya fulmar

I think I have a similar outlook on life to you. I try to keep my expectations on the low side (glass half empty) to avoid too many dissapointments and enjoy any of lifes little surprises when they come along.

Lifes full of ups and downs...only time will tell which one our investment here is, but even if it doesnt make me rich, it wont be the end of the world for me.

We need to be cautious and vigilant of course but if we spend too much time focusing on the negatives and finding fault in everything then we just end up making ourselves depressed and probably selling too early.
Cant see much further downside from here and plenty of potential. I think its right to forget about the sp for now (unless your a short term trader) and just wait for the newsflow over the next few months to steadily lift us and see what the drilling results on the new targets come up with.

Like ARahim reminded our gloomy chinese friend..SOLG went down from 14p to 1p - actually theyve been up into the forties twice before dropping to the ones - and are now at 37.5p and rising but he just doesnt get it.

Investing in AIM stocks is a rollercoaster ride. If your a worrier then its not the best place to be.

Its only the end result that matters!

Jangada looks very promising by the way. I think you have two excellent prospects.

Going back to Kalaba. Not much point in further speculating on the size or potential size until we see the jorc i guess but this is from the website...

"At the time of the JV, Kalumbila (Sentinel) was originally ranked number 22 out of JV’s top 30 Kabompo Project targets with an original exploration target size of six million tonnes of ore; eventually a copper Resource in excess of 1 billion tonnes of ore (one of the largest in Zambia) was demonstrated - during this same period the initial Anglo-American exploration target for Kalaba exploration target was 150 million tonnes of ore.

Previous limited exploration work at Kalaba has resulted in the delineation of a non-code compliant in-house copper-cobalt Resource estimate of 16.59Mt @ 0.94% Cu Eq. Arc Minerals has commenced with an exploration drilling campaign and firmly believes that the Kalaba Project and along with the exploration targets in the ZamCo Licenses offer significant potential for proving a major tier-one copper-cobalt discovery."

Were led to believe that the figure will likely be around 20 or 30m tons of ore for Kalaba but thats with limited drilling in a very big area. Maybe its best to stick with that estimate for now but it could increase significantly if were lucky. Like ive said its possible at a stretch to imagine 50 or even l00m tons ore.

Peronally think its safe to guess that the jorc will come in at somewhere around 20 to 50m but that doesnt mean there isnt a lot more copper there. Remember the initial target was for 150m ore at Sentinel but eventually it was upped to 1 billion. Not saying that were going to have a similar increase but it could be that it gets higher than even 100m. All just speculation at this stage i know but isnt that what minings all about.

They seem very excited about Cheyeza West now so the main focus will quite rightly be there for now.

If its the motherlode as we hope and with all the other big targets to go for like Lumbeta and Fwiji then Sentinel size deposits (or greater) may well be within reach.

Limited downside here at this sp given the assets we already have and massive potential for anyone willing to invest.

Thats really all i know tra1. Were waiting for the Jorc on Kalaba and the soil sampling has started at Cheyeza West and we can look forward to drilling starting in about a month...lets give it 6 weeks :)

China, Im a realist and dont 'expect' to get rich here but do have high hopes. Those who are expecting everything to go their way in life and for everything to fall into place at their own strict pace are going to be mightily dissapointed and spend most of their time worrying and complaining. Try to get yourself into a more positive frame of mind about your investment here or think about moving onto something else that you might feel more comfortable with. You seem to have a higher regard for SOLG than ARCM at the moment. Id suggest a safer bet on a company in the ftse 100 might give you less worry and stress though. From your recent posts its obvious youve lost faith in the management here.

Good luck whatever you decide and i wish you success.

Peggy the thing is, even though its not perfect and wed like to have fine details on everything, its better to have some info, even on twitter. I think they do ok with keeping us up to date on most things but obviously timings are subject to conditions often out of their control and im sure tweets are better than the alternative which is often just 3 or 4 RNS a year with small cap companies and most of the time being kept completely in the dark.

If NvS did buy the shares to give the price a lift then he should be commended for it not criticised.
At least were higher than we were before he bought.

Try to think long term here. I think those holding on for a year or so are going to be very well rewarded.

The reason I am asking about Fwiji is that I thought I read somewhere that it had been pushed right out to number 9 from number 3 ranking but I asked NvS a few questions by email.
None of his replies were of anything that isnt already known so im sure he wont mind me repeating them and one of them was about Fwiji. He seemed surprised that I thought it had been relegated and said it still remains a very mportant target and very much No 3 still..
Couldnt draw him out with any detailed answers about Kalaba other than to say..."the initial drill programme was done to delineate a resource for the plant – they will announce a resource shortly based on the relatively limited drill programme."...which is fair enough..Ill wait for that info.
He finished by saying that the big excitement is Cheyeza West and thats where theyll be concentrating most of their efforts. The soil sampling will take about a month to prepare and be analysed before they can start drilling.

Like I say nothing new there really so im sure im ok to repeat it. Very impressed to get a quick reply from such a busy man though. How many other chief execs will reply to emails from private investors. Says a lot about the man and very happy to have him in charge.

Im in the Philippines. Plenty cockerels here to give me an early alarm call so i go to bed early and wake up about 5 or 6 am. Im retired but have a a small farm so plenty to keep me busy.
The downside to living here is the poor internet anywhere out of the cities. Its like the old days of dial up internet in the UK..very slow..sometimes non existent. Early mornings seem to be the best for the internet.

Corp pres...corporate presentations? I dont even see that and nothing i see has 9 pages or more. Maybe its because im using an android phone. Ill try again tomorrow on the laptop.
Its almost 9 pm where i am. Early to bed early to rise.

That was me fulmar..any chance of a link please

China, im sorry that your not happy and cant find any positives at the moment and I hope that changes for you.
As a wise man once said, if your in a situation your not happy with...

Accept the situation, change the situation or leave the situation...all else is madness

Thats it ARahim. No point in anyone moaning and complaining constantly about the same old things. We have to look forward..thats why im trying to get to grips with where we are with Kalaba with a reasonable estimate before we move on to Cheyeza West which is the next target. The drill program wasnt extensive as it was initially done to establish a resource for the plant so there may be more there than we currently know but an MRE is on its way so well soon have more to go on.

Meantime the extra soil sampling is being done at cheyeza West and work with the drills should start in about a month when the results are back...thats 'about' a month not exactly a month for those who might be obsessed with exact timing. So things are moving along nicely and the (hopefully good) news will start flowing.

If we can get a sale of Misisi or Sturec or both before end of year then we wont need any extra funding but again its not subject to exact timing so it will happen when it happens and I trust NvS to get us a good deal.

Onwards and upwards...lots to look forward to

Might have got the average wrong for Kalaba.... could have been 0.6 or 0.9...not sure but if we only get 50 60m tons ore then of course the value drops again.

Anyway size wise it doesnt seem to be of big interest to the majors...whereas our other prospects...well look at what NvS said at the last icc...

"So, that is the very near term in terms of our next stage drilling, we are not finished with Kalaba. We are going to do a little bit more drilling at Kalaba. I'd like to just remind you that the Kalaba resource were working on, which should be out imminently, was really designed to set out the resource that we have for the small scale demonstration plant.

So thats just to put Kalaba into perspective..verses Cheyeza West or better even, Fwiji. You know these are in size wise, multiples of what Kalaba is, we believe, so that is very good, so we will be coming back to you on the mineral resource estimate MRE shortly."

Im no expert so feel free to shoot me down in flames if im wrong but this is my take on Kalaba.

Im sure your right in this sta60...

"Original drilling aim was 10-20m tonnes. In an interview post initial drilling NvS cautiously mentioned that 50-60m was looking possible. Very little news since then. Post-INDABA article:"

The drilling wasnt comprehensive though and some more will be done to finish it off before we get an MRE, so it could be higher even than the 50 to 60m tons of ore. Maybe, with a bit of UPOD in action we could indeed see...and its a stretch...maybe 100m tons of ore. Sorry ARahim im not willing to stretch to 400m or a billion.

So 100m tons of ore at about 0.5% average copper (ignoring the cobalt for now) which is almost exactly 10% of the resource at Sentinel mine...same 0.5 average... We await the JORC/MRE.

So imo, at best, Kalaba is about 10% the size of Sentinel. Not too shabby comparing it to one of the biggest mines in the world but thats just Kalaba. If - and i know its still a big if - Cheyeza and Lumbeta come in at 10 x the size of Kalaba then thats a sentinel size deposit right there and we still have many other promising targets to prove up.

Many reasons to be positive in our investment here. I have high hopes but keeping my expectations in check.