Member Info for Fukurokuju79

Must admit while you're right Keith in that this campaign is firstly about proof of concept to validate the model and gather more detail on stratigraphy; i also the thought from the RNS' this drill site was chosen with a secondary goal of hitting the edge edge of the anomaly.

This is why I thought the drillers wanted to do a couple holes. IMO they may be drilling deeper
or they may be drilling a second hole.

I don't think they are waiting to finesse an RNS though, albeit I wouldn't rule out the potential for news at any time

Lol NP. I've seen worse so doesn't bother me too much but occasionally I admit I get frustrated.
I try to offer info if I have it, or opinion if I don't.
Wisdom, well I'll let others decide on that :)
Atb

Kully

I don't understand this part of post?
'and if Fulmar/FK79 are in a bouyant mood? (like just won the lottery/or similar )?He'll get a reply, makes sense to me! ATB everyone.'

Can you explain so I interpret correctly?

No Ella it's based on direct research....
Atb

When did they start drilling this hole?

Ella liability is being taken in by Rackla btw

Arcm have multiple ndas ATM. With several majors. Wink wink

Yeah shouldn't take much to notice a hit...
Thanks

Hard to say without level 2 to see where they are all sat. Also don't know how LSE get their price data etc etc
Anyway nice to see a rise

Travelcard to be fair you talking about objectivity could have been another line in Alanis Morrissette isn't it ironic song!.

I'd like to see some money for CASA finally but I'm here for the copper. CASA was a nuisance past distraction.

Anyway getting late. Night

I bought in just before the assent with average in around 33-34p (after conversion obviously). Happy I'd timed It right at the time, lol.

Ah well you can't be perfect :)

The key for me when investing here (after choosing very few of a lot of researched copper stocks) in a nutshell was my focus on copper ahead of electrification (it's irresplaceability) / super cycle, RMMs producer status, the depressed shareprice, the juristiction, the infrastructure, the turnaround team, financing and my calculated risk/reward as detailed before.
I could have averaged down in recent month's/ weeks but I saw little point. I'd invested plenty as it stands the important thing for me isn't sitting at a profit at all times but hitting my target.

I'm not concerned that I'm sat at a loss at present.
The issues thus far have not materially altered my price target or my investment case so I'll happily hold until either
a) there is a material impact to my investment case, or
b) I hit my price

Atb

With respect moon I don't listen to your opinions anyway. You lost all credibility here tbh.

Besides investing is a personal thing. I've done my own research, set my own targets to enter and sell and am confident in myself and my experience.

Night

Cornish, absolutely agree with that. Matches my target which has formed my price target before I bought, subject to debt loan and no significant change in current shares in circulation etc

Moon don't start ramping now you've turned sides. Jesus. You one extreme to the next!!

Well let's us know if you get any answers.
While I agree GS looks like an unlikely candidate to have entered into a deal with I'm not concerned about the company status. It was a binding agreement and the assets 100% secured.
Looks like the new third party is cracking on anyway and ARCM will get some cash on completion this time.

Atb

Obviously I'll need to revisit the calcs based on actual grade, efficiency, cu pricing etc but that was my initial calcs before I first invested.

Cornish what is your view on market cap based on the spreadsheet I heard you have? Be interested to hear others calcs and views.

Atb

Yes I do monkey.

If you calculate the mtpd @ 2% cu and say 93% recovery. Then factor in current cu price (even without considering it rising during a super cycle), include a forecasted gold and silver production etc. Take off smelter, royalties, transport etc.
I personally think 200million mcap is more than achievable and won't be a high pe ratio.
Just my opinion from my own research but it's why I invested here.

Atb

They didn't buy it, they entered a binding 'agreement' to buy it. However as for any more info and due diligence ARCM performed and how / why ARCM agreed this while GS were under a status of dormant you'd have to ask NvS etc.

You spend a lot of time researching to find questions but little evidence of using these skills to get answers. Doesn't bother me but I suspect your posts would be viewed much differently, and less doubtfully, if you did the next step and proactively researched beyond the 'whys'.

Atb

Personally I'm not averaging down here but I agree provided financing and turnaround execution over next year or so I'd expect 7-10x on my average.
IMO

Yeah that's a good way of summing it up..