Member Info for Fukurokuju79

Ella, I believe the plan is as per Keith says...

I base this on my interpretation of the following tweet...

"Following latest #CSAMT, we will now pre-collar all 6 holes with RC, switch the rig over to DD, then return to each to complete with a "diamond tail""

Atb

"If the theory is proven by drilling, there will likely be a whole lot more drilling to be done on this licence, in addition to 1-6."

100%.

Also thanks for the interesting link.

I interpret to mean they are excited about the existing drill targets, especially after the CSAMT. Ben has put a fair amount of info in ****ter about it.
Referenced that their use of CSAMT is like oil and gas use 3D seismic, with some pictures.
They are using the diamond to achieve the following..

"We're being guided by our #CSAMT data & our aims with each hole are clear:

1. Prove #CSAMT can identify D’Kar/Ngwako Pan contact
2. Verify interpreted fault structures
3. Determine mineralization"

and to test the DK/NFP formation.

At this stage I think it's just the already defined targets within the drill plan but as to any new ones I don't know and don't think they've said that ATM.

In reality I'd assume it means JV has been signed but that's my guess. Not sure how Mr/Mrs 90GH90 is aware ..... Care to share?

Very tasty crumbs.....fab insight.

J.affa.
V.iennese whirls.
H.obnob.
B.ourbon.
S.hortbread.

?

To me the extract you've shared is saying to me that they chose this area to start as it had the best soil values of the areas tested, but that the CSAMT they've been doing is making it an even more interesting area. Due to this, they'll finish the first hole in the area and are excited to do so and move on to the others.
They are using diamond drill once RC and collared. So they want to extract the core to get better understanding of what it actually is, that the data is showing them.

That's my take

I'll p p p p pick up a penguin suit

Nope, a finger of fudge is not enough.

We're going for "gold bar" s

Ah valueseeker, Oreo a biscuit lover too by any chance?

Fulmar, whose secret is it to reveal? I'll reveal you a secret in good faith that you'll return it?....so here goes...

They're not making shortbread any longer

Touche, that made me laugh.
No date. Have to check my computer but it's playing up ATM, need to clear the "cookies ".

I'd have to check with my wife if I'm allowed "timeout".

She has a few "digestive" problems ATM.

Are those clues or have you been on the "bourbon"?
Its disappointing you can't reveal, makes me feel Im not in the "club", maybe even a bit of a "drifter".
The volume here has been "wafer" thin but at least it's starting to "pickup".
I'm looking forward to big news. Maybe we should all have a "hob nob" and meet up at a pool and get some inflatables; slides, "party rings" and such?
It's been a "rocky road" but I'm sure we'll all be drinking earl grey soon, or similar "rich teas".

Atb

Can I forgoe the prize of a biscuit, as spectacular as said prize is, and perhaps just go to the reveal?

Well, hopefully they abolish it before I retire.

It defo doesn't act as an incentive however to me I'd still rather continue to invest my pot as much as possible, half of something extra is better than nothing. I suppose.

I'd like to add another 40% to my position here but prob won't have the chance. I've got a decent chunk I suppose tho

It all comes down to the economics though AJ.

It's not as simple as comparing explorer Vs producer mcaps and saying one shouldn't be more than another etc.

Don't get me wrong, you can make money here. However ATM the cost to mine profitably at present is not economic.
Having an asset with x value in the ground is only half of a picture.

Clearly if you're invested in an explorer you can benefit from discovery and resource base. However as a mining company, as you progress further down the development curve, the investment focus then turns to the economics and financial feasibility.

I know it's illogical that explorers Vs producers can have this disparity but it's all about cycles and sentiment. A very common, well accepted example, is looking at the lassonde curve.

What the asset needs is a large capital injection to bring down the c1/c3 costs massively.
The asset and jurisdiction etc isn't questionble but the investment being made here is into Rambler.

The question is can Rambler make this asset in this jurisdiction work. I suspect they probably can, albeit at a cost to shareholders, however I'm not certain they can do enough to really do what's needed for the mid to long term.

I do think if the news is right a short term gain can be made here. I wouldn't be looking at this as a hold stock though unless they had a very robust plan and the ability to achieve it.

Atb

Yes, all mine is Sipp, if I get to the lifetime allowance I won't complain lol.

I actually emailed the chancellor last year I think about the LA.
Something along the lines of the LA should be set higher and if a LA is necessary then the individual should be able to access anything above the LA before retirement (subject to tax etc).

Different topic though I suppose.

Ive a healthy position here but probably not as much as you F29. I'd like a few more but won't liquidate other positions atm

But yes, don't think taxes will be a problem for ARCM investors.

Yes Fulmar, essentially.

- Under the Income Tax Act, the Corporate Income Tax rate applicable to companies solely carrying out mining operations, for both metals and industrial minerals, will be 30%.
- Variable Profits Tax of up to 15% no longer applies; however there is a limitation on the deduction of losses to 50% of taxable income.

The sliding scale you refer to is the royalties.

- mining rights have not been amended, and are payable at the rate of 5% on base metals (except copper) and energy and industrial minerals, and 6% for gemstones and precious metals. Where the mineral is copper, the mineral royalty rate will be: 4% when the price of copper is less than US$4,500 per tonne; 5% where the price of copper is more than US$4,500 but less than US$6,000 per tonne; and 6% where the price of copper is more than US$6,000 per tonne

Atb

Tax isn't an issue ATM. Find a tier one (or more) and I suspect tax won't be a consideration ARCM shareholders will need to be concerned with.
Clearly with AA able to retain 70% it won't be a voisey bay budding war as they have secured their position.

I've been here a long while but I won't be here for production. I'm into the deal and exploration upside to a point where I believe I've ridden the majority of the upside, or a full offer from AA.

I suspect many of us are the same.

Managed to get a few more this morning but I'm also overweight here (plus too much invested in ARCM lol).

Atb

Agreed Ant - amazed it's not rising in anticipation.
Then real potential returns after AA drill announcement and any drill outcomes.
They've had extra time now given the cadastre causing delays. During this time it's feasible, but not certain, that AA could have used the time to develop the drill plan ready to avoid further delays.

So it'll be interesting to see what is released.

Atb