Member Info for copperman

I also think the market has it wrong on copper stocks. Copper will be in short supply in the near future and just watch the copper equities re-rate when the market realises this fact. We will be well positioned as shareholders of ARCM.

As long as ARCM gets the plant up and running in November we will be in a good position as we will be generating cash flow. In these markets the winners are the ones with cash / generating cash. So I'm not worried at all. We will get more exploration drilling updates next week, so probably a good time to top up!

SP Angel looking to merge with Northland. This is probably a good thing for ARCM as Northland clients will start to buy into the ARCM story!

Investors never learn about investing in Indonesia... I remember Churchill Mining.. a total wipe-out for investors. Country risk does matter.

Watching the ARCM share price at the moment is like watching paint dry. Fortunately my other mining investments in Canada are doing much better so I can afford to sit and wait!

My understanding is that Kopara is a wealthy Indian group and NvS tried to buy their stake but they declined. Not to say they won't sell to ARCM later at a higher price! I expect the £2m is for funding Kabala drilling and overheads. It costs around US$120 / US$130 per metre to drill holes I believe, the remaining cash probably for finishing the plant.

Sentinel had a strike length of 11km, of which the bulk of the mineable ore was within a 5km to 6km strike in the central zone. If we can get a strike length of 2km to 3km then we will have something that economically will be very attractive to larger mining companies.

ARCM is looking like a short term one way bet. We have numerous catalysts for a share price re-rating on the way: drilling results expanding size of resource (in particular to the North), start of plant generating c. USD5m of after tax cash flow per year, sale or JV of CASA, sale of Sturec, JV with large mining company on non Kabala exploration licences (probably Rio Tinto, Zijin or Lundin). Have I missed anything?

Thanks, Fulmar. I tried to run a back of the envelope but came out with about US$1m per month profit from the plant. This is a bit of a wild guess as I don't know the processing cost per tonne or recovery rates. So I guess anywhere between US$5m pa and US$10m is the correct answer?

Has anyone done any good calcs on the production plant that is about to come online? Production per day, mining cost per tonne, processing cost per tonne, sales price per tonne, recovery rates? I was going to have a go myself but would like to see if someone else has done the work first?!

I think more likely is an expanded plant on Kabala and they truck ore from the other ARCM sites if close enough? This would work out cheaper. It will be good to see the plant up and running and generating positive cash flow for the company.

I think the re-rate will kick-off with either (i) commissioning of plant, or (ii) drilling results to the North showing this deposit extends for 1km +. I think we will see both press releases within 2-4 weeks. Probably sooner on (ii) as they are drilling like there is no tomorrow...

Agree. This is not a trading stock. ‘Sell the news’ appears to be all they understand. The re-rate will come as we get pounded by good RNS releases.

Looks like we be inundated with press releases in the short term. Now we’ve seen this deposit demonstrate some higher grade zones, it now needs to demonstrate size. Still waiting for drill results further North and indications of extended strike length.

Good to see there are higher grade areas. I'm very happy with 2%+ Cu eq near surface

I see this stock trading back to 5p - 6p on a decent exploration update. Higher grade drill results will help too. Then commissioning of plant. I still think we will see 10p by Christmas.

And we should have drilling results from the North imminently. They tweeted last week the RC rig was going North. They will be able to see this week what is up North as the rock comes out of the ground!

Agree re November start up for the plant. Originally they were targeting October, but I can live with November.

A well researched write up of ARCM by 2050-Capital. Great to see the ARCM story is getting out there. Looking forward to the next RNS. The only way is up IMO.

I counted the number of holes on the last drill map uploaded by ARCM. I count about 95 holes including the ones going North. If 200m depth per hole, then that’s a 19,000m drill programme not 11,000m. I expect they will update us on the next RNS.