Member Info for fulmar29

Pretty sure potential JVs will be looking at them now.

Thats what I refered to when I say NNE drills- We have done 500mx500m (someone estimated up to 50m oz) and the furthest point of the four NNE drills may be 5km away-- DDs 22 to 25 (if it is the NNE drills).The aerial survey will have covered that area and there is a historical high %content drill of 2/4% and NVS is not someone to say "could reach up to 5km away and we have moved to an anomaly" if he wasn't pretty damned sure.And to put it into context/perspective Kaliba license is 4kmsq of a 1000 kmsq license= .5%. Anglo must be kicking themselves !

Can't remember who it was but someone here estimated /calculated that our drills to date,indicate 50m oz Cu equiv.Even if it were lower than that and we have only drilled less than 10% of the prospect area. then the value attributed to QB2 makes us seem a very valuable prospect
"The QB2 project has a 28-year mine life and includes 199-million tonnes of inferred resources within the life-of-mine (LoM) plan.QB2 will produce 316 400 t/y of copper equivalent in the first five years of its 28-year mine life at an all-in sustaining cost of $1.38/lb and a C1 cash cost of $1.28/lb payable copper.The average LoM production is estimated to be 278 500 t/y of copper equivalent.The project, on a 100% basis, has a net present value of $2.43-billion and an internal rate of return of 14.1%, using a $3/lb copper price." GLA

thanks for that find Sta,when you start to look at info around that deal,it certainly looks like there is MASSIVE demand for what we are developing
http://www.mining.com/rio-tinto-wants-piece-tecks-copper-project-chile/

showing down on here with no trades and static on LS Exch .with trades but other stocks seem OK

The latter would be my guess.PM blue

Only when it goes down !

i could accurately calculate for todays rates using total shares /warrants or because it is just a future guesstimate and more shares will be issued before we are through I just overestimate the mcap to reflect extra shares etc.and whether 22.5 or 25; the sp for $500m will be around 35p.i.e our probable minimum.GLA

$500m div by 1.30 for dollar =£384.61m x 65% ARC share=£250,div by 22,5 mcap=11.11x 3p=34p Unless I have overlooked something

I don't see $1b as unrealistic,I think $500m for nine sites is my guesstimate for the absolute min, and depending on JORC(s) and how much we are able to prove up then $1b could be on the low side--We shall see as it all unfolds. Keep in mind that if the NNE drills all show similar grades to what we have seen so far, or even .5% Cu equiv then Kalaba will match or exceed Sentinel.And that is just 1 site. GLA

@J99 many scenarios are possible but to use Casa money to develop Zam would give results in about 12/24 mths, alternatively to develop both with JVs (and maximum returns) into mining operations would be easily 5/10 years .NVS has over 3% of ARC and a sale of $1b for Zam would earn him £15m ish (poss more % by end game) He said he is in a hurry - I think we know which way he will go.GLA

Sorry Dcat,missed the gist .NVS was definitely a good appointment,but his criticism of the previous board suggests something awry.But NVS will have known historically what assets were in Zam and however he ended up as CEO ,I think we will all be grateful.

he is no longer a director of ARC ,so sales wouldn't register -He may have brought NVS in,but NVS (I believe) has ousted him. A lot more to it than meets the eye.

The exploration upside is huge,as Vas alluded to it could be as much as 10m oz-with a guaranteed3m oz + large upside potential ,I would guesstimate hopefully a minimum in the region of at least $50m.

Also see "Nettleton" is a director of Kreminca mining Slovakia (Sturec region) I wonder if that was the low ball offer referred to by NVS

Holdings of A "Nettleton" Balme
ARC Minerals Limited 9,588,902 1.52%
from market screener

Ah my old Welsh friend who could never stick to the point Dai gression and his Chinese friend Mr Tan.(a nice gent)
no apologies ever for lightening the mood

“When I was a boy the Dead Sea was only sick.”
? George Burns

@Westie,no one even began to suggest "it was the big saviour" if you read the post and the following opinions you would see that the opinions are that it is key to negotiation.

"For technical services"- 1.Who ? 2.Why would they take shares ? my answer is--- probably because their tech advice was for the same reasons the director (MF) was given a share bonus. Because Casa is a done deal