Member Info for CF73

Always knew we needed the money. Still today's news wasn't great, sspecially coming so soon after the Zulu fundraise.

But it is what it is. We were had the headroom. We needed the money. It's now banked and we get on with the work.

GR needs to confirm RHA news and soon. And I mean full details.

In agreement with tedoby there, smilemore. Keep posting.

Indeed, following this initial PFS, find a party who can take a stake in the project, where funds raised would see us through BFS.

More to come though as the PFS finally becomes the living document they initially described, now with the 2018 drill campaign, to be included.

Expecting further announcements soon.

Good post tedoby!

Agreed Bonkers!

Have to accept we needed this money but now GR has to deliver.

Good luck to all the genuine holders and folks.

It's to progress work on Zulu and is at a healthy premium. Simple enough. Strong Buy for me!

That's my sense of it too MaverickD

That's a whopper buy. Will be interesting tomorrow :-)

Riverfort any day ahead of Crede or Lanstead.

No chance of that steward - Val's got a hold of his joystick

Zulu grades are still very good. Then take into account its size...

Been a difficult journey but in a years time we could have the DFS. What value then??

Can understand arguments for more detail. But this is a portion if the overall PFS and the key numbers of the PFS are there enough for me to come an adequate assessment that satisfies my needs. I can also understand that while those discussions are underway, with a potential partner biding their time, AMC don't want give away everything. Not forgetting that the 2018 drill season has got to added.

We finally have the numbers.

Project economics:

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o TS Option

§ NPV post-tax at 10% discount rate of $614.5 million using a long-term nickel price of $8.00 per pound

§ Post tax IRR of 29.3%

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o FFS Option

§ NPV post-tax at 10% discount rate of $987.4 million using a long-term nickel price of $8.00 per pound

§ Post tax IRR of 34.7%

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Strong argument for own smelter option.

Not to forget that they have yet to add 2018 Drill Campaign numbers to the PFS.

Looking extremely good :-)

Good luck all!

Thanks for yoru recent posts Smilemore and for your good words earlier. Is much appreciated!

We're on the cusp of a signficant turnaround :-) These levels a crazy gift now!

We were alwaysgoing to need money in the near term, even with RHA Govt Funding. Raising it at a premuim limits the affect of dilution. This issue with dilution is that it is normally done at a price below the current/ prevailing SP, and this is then compunded if those shares are sold into the market quick pronto, like Darwin or YA.

Raising at a 20% premium is excellent as it in effect means that while we now have more share, there is limited to no dilutive affect

A very strong positive!!

Well said gibbymagic!

The fundriaise at 0.145p - i.e. 20% premuim - could only hapen if there is further good news on the way.

Good luck all!

ARCM may come to significantly greater value in due course.

Raising at a premium now limits the affects of dilution and boost for confidence.

Zulu drilling to recommence. The funding is raised at 20% premium. Serious sign of confidence and of things to come.

Good luck to all the genuine holders here!

Great post Mole!! :-)