Member Info for Fukurokuju79

Tease!

Can't say I read it carefully but I'm not piecing together the crumbs here fulmar? Dunce hat in the corner for me perhaps?

We know they have announced that they can sustain 1350 (all being well), the grade has also been improving on the road to getting to targeting 2%.
As others have said they may use higher grade material to increase cu to hit guidance.

I'd say modestly cautiously 629 for June. With the caveat that the assumptions I've included are potentially on the conservative side especially given they have maintained guidance and may push for higher tpd or higher grade material. But Ive based these after looking at the last several months data as follows:

- 1350dmt
- For 27 days (for caution allowing for 10% downtime and/or any lower tpd days)
- Recovery being around 96% (roughly the area of recovery somewhere in the middle)
- grade just over 1.8%

But if they hit 1350 for full 30 days at 96% recovery and 1.8% it would be circa 700 and at 2% around 777.

But I'll plump for 629 conservatively, and with 770 being stretch results.

Tbh I deduced it from the available RNSs and just asked Ben to confirm what I understood from reading them. Except the bit where I asked about status and he just said he can't tell me (obviously) but that it'll be confirmed when concluded (or words to that effect).

JP they are currently drilling. They are at the largest ditau target i1. All target depths are at under 400 metres.
They will notify the market on an outcome, drill completion or other.

Atb

BSG I obviously cant speak for how ARCM will perform against every share in the market so I'll ignore the 'quicker buck to be made elsewhere' comment.

However that said, your above statement in conjunction with your initial comment that 'A possible seven years of drilling has put a lot of PI's off. So that's a decade before anything mined?' seems a bit of a strange view of investing.

Your comments suggest that companies like ARCM and other similar stage junior exploration stocks are not attractive to PIs as they are explorers and not producers (miners). That IMO is a very inaccurate perspective.
They are indeed higher risk investments but are attractive as they offer greater potential capital rewards if invested pre discovery rather than post discovery or production.
Broadly speaking in terms of stock value for a junior exploration company the stage ARCM are at (especially now the exploration spend will be on steroids) i.e. the pre discovery to discovery phase is probably the most rewarding.
This view isn't just mine if you use the Lassonde Curve as a supporting example of the phases of potential share value to investors and which is very widely accepted.

To put this further into perspective if you had to compare the AA / ARCM deal with another in recent times I'd argue its very similar to the GGP deal early 2019. Actually I believe the terms of ARCMs deal are better overall (IMO) with the upfront cash and capital spend commitments, but are very similar in nature.
The share price reaction of GGP was very similarly to what ARCMs has done i.e. limited initially but then the drill turned and you can see what happened to the GGP share price during the speculative pre discovery to discovery phase. I'm sure you've probably heard of and even seen the SP chart for GGP from deal early 2019 to the end of 2020.

The short of it though is that the real stock value gains are to be made at this stage rather than post discovery when you head into feasibility, development and commissioning and actual mining. The later stages may offer potential lower risk but certainly not potential higher returns.

If you then consider the general nature of the risks of a junior explorer and factor in who ARCM have partnered with, the terms of the partnership (free carry, upfront cash and massive exploration spend commitment) plus the potential of the assets themselves I personally dont think there are many if any other junior explorers with the same potential at this time.

Anyway Im more than happy to hold my position here. To let the share price drift around for the time being and to wait for the drill to turn.

ATB

From my understanding we've started drilling the larger hole. No planned end date to hit depth but they will update the market when they have.
Atb

Same as BCB ...

I agree with that ballpark mcap. Arguably even more as that value is excluding the gold streaming deal, any nav attributed to non productions areas of RMM tenements and also other assets.

Should be available later today... Hopefully
Atb

Lots of bizarre here ATM tbh

Jeez, change the record MrMoanagi
Im all for balanced debate but you're about as balanced as my 9 year old on a unicycle
Filtering is easier atb

Yes Damon I've engaged with Ben on this shorting topic and posted a summary from Ben on here. Iayvhave reposted recently you can prob see in my history.

Atb

Not at all Mr Moagi.
Im open to debate positive and negative.
I could argue your reply was more judgemental and assumption based on me then my question to you. But hey ho.

All the best.

*stare*

On a really serious note though has anyone else noticed how little BT blinks....he would for sure win a state contest against me. It's quite impressive haha

Interesting outlook Mr Moagi. Are you invested here despite your concerns then?

That's the double edged sword of investing in junior exploration mrmoagi right....
That's why some do well and some lose lots of cash.
Ultimately you do these research through the lens of costly experience before investing and then monitor for warning signs along the way.
Never any guarantees but Bots is a very popular place right now and KAV have a lot of highly prospective areas.
Im liking their chances over the coming couple years and kav are certainly not valued to succeed right now.
Presentation will be interesting.

Atb

Well it's real they are looking and they've labelled this the year of discovery.... Time and the drills will tell ....

Lol. Yeah sure thing Ella.
Have a good day.