Member Info for fulmar29

No you are right,I thought you wrote Ortac had refused an offer years ago.I am a holder in Nevsun and am getting my scenarios cock-eyed.The general thinking there (Nevsun)is that the 1.8b is a fair price for just the upper zone (LZ and Bisha are chasers) which has a PFS of 1.7b lbs cu.so it will be interesting to see our PFS quants eventually

@Dcat--I didn't know they declined an offer,when was that ? (any links) cheers in advance

after years of NIL investment into exploration by the majors,they are now looking to HAVE to pay for the efforts of small explorers.added to that the Chinese now want to buy European as well as African and Australian sites.The squeeze is on and should be "well pressed" in 12/18mths when we are ready to sell.The assets are good and the timing is looking even better.

I really was just being ironic,and in itself that's ironic as I am no expecting iron in the grades.However what I am eventually expecting ( after several drill assays (i.e) first quarter 2019) is the indication of a viable open pit mine with at least three ores that even on their own are commercially viable, and together make the first of our nine sites something for the majors to drool over.GLA

alternatively,they may be terrible grades and he is slumped in a bar comatose, crying into a never ending stream of beers,wondering "how on earth will I tell them?" .If that's true,i wish he would let me know which bar he is in,as I might need him to buy the drinks LOL.

NVS is now known for caution and conservatism,so if grades are great,it wouldn't surprise me if he wasn't having them double checked and the numbers run again. The SSP is easily able to multiply production to a factor of x3 or x6,but even at 15tph I believe it will add over 50% of our present Mcap (2% Cu equiv in cake to be sold on and further processed) On it's own if it were ramped up it would obviously multiply the sp.Try as I do.I still can't find any serious stumbling blocks GLA

Or any.

Arc Minerals ("Arc" or the "Company") has been informed that following the issue of 17.5m new ordinary shares of no par value for the acquisition of the additional 6% interest in Zamsort Limited announced on 5 June 2018, Mrs Ann Gloag's interest in the Company has fallen from 3% to 2.91% 11th June

I thought we had already been told her holding dipped below 3% when last shares were issued,so no need for notification

not sure,not the normal 250k but who knows? I did wonder if AG was selling some after it has doubled for her.Or maybe warrant holders have been asked to clear out !

well chuffed with $6C but still not convinced another offer won't happen.We here are at a much lower base/mcap and will be multiples wtin 18/24 months.The fundamentals are bang on ! GLA

@GD-I own Nevsun shares and it is well beyond our humble beginnings,but when we are proved up with the benefit of SSP (our version of Bisha,IE cash) we will progress at a rapid rate with (as you say) decent deposits (poss x9) of Cu and Co to say the least .With the Chinese buying Nevsun/Timok it will make other major Cu discoveries even more valuable to western miners.

you can't buy unless someone sells,so I expect some warrants sold today or tomorrow am, or this will really rise to encourage trader sales.

The RC drilling ("which is easier to assay") will produce tailings/ore which we will then process ourselves ,so we are partly financing our own drills with the drill results and then if that isn't good enough our "competent person" is Vas- so no extra cost there either.I bet they have an honesty jar to pay for tea and biscuits .Remember Nick--"you can't be careful enough,with my money" I love it!

250k sales (IMO Warrants) have dried up and someone building @100k regular trades over the last week or so.But Hey Ho ! it's not like we weren't expecting it.@Sta60 -you forgot the SSP which in yesterdays tweets looked like it had the leach processors in place and the crusher or trommel (what do I know) ready to be installed.The SSP alone will be big for us as it will produce cash and therefore take away placing possibility i.e de-risking.

#ARCM Meanwhile the RC (Reverse Circulation) drill rig has finished its 10th hole and we are moving it to a new location. RC is quick and cost effective & sampling requires much less handling resulting in faster assay turnaround. Our two Diamond Drill rigs also continue to work

is when this will really accelerate, It was said on here a while ago that the license application will need to show marketability of the product,so the RNS today is just one more step to achieve the goal.

Nice find Rock. NVS would probably be aware as he is a director of Fodere Titanium Ltd who are involved in the same sort of thing ..If it works ,would be good for everyone.

within 48 hrs of the trade I believe.

the 2 buys just reported from yesterday (2.7m),don't show on yesterdays volume,or as yet on today's .Expect some serious warrants sold later.Perhaps some MMs don't like people saying they have orders ? But those two buys show they obviously had. Expect a lot more. The .Institutions will start buying in on drills/estimates and then more on JORC.