Member Info for Joeman1

If we were in an 80:20 JV,(which I don't think we will be), we would have the 200million from the sale of the 80%.... no worries.....

Spot on Matty.... but its a bit of finger in the air stuff when using %value in ground.... so best just used as indicative.... until the NPV figures are available.

It's been debated on here a lot.

Exactly..... 2% of in ground value is nearly $180Million ..... which in itself is a tidy amount (if not quite the $400million I was hoping for).... and with the higher grade mineralisation being within the first 200 to 250m of surface this has a high chance of a sale.

If you want to challenge the negative rhetoric that the under target resource has caused, get the mining study accelerated to as early as you can next year.

Best way to challenge the opposing view..... is to prove it wrong.
GLA

It would look that way...... standing in the street at high noon though, you never know what deals are going on in back room of the saloon.

You gotta ask yourself one question...... do you feel lucky? Well.... do ya?

Kully,
Why so fixated with Colin Bird? I'm a 'dual holder' and I find it amazing how many times his name is mentioned on ARCM..... for the record.... im still in profit at XTR and underwater here at ARCM.

Just don't know why he gets so much exposure on this chatroom.

I agree Bushranger has been stated as having multiple targets identified by the scans.... but yesterday's mineral resource was Racecourse. And it is just a big pit.

I'm annoyed by how far off 2MT we ended up, but from here there is most likely many multiples of value to be added to the shareprice....of which we won't really know the details until the mining study is complete.
The copper isn't going anywhere and the large amount 0.5 to 0.6% at 100to 200m below ground will drive the NPV calculation.

I definitely don't see any sense in selling that news at a loss, which many people must be doing. At this price 2.5p I'm back down to break even but with the knowledge that Manica alone is worth 3.5p.....
I hope the sellers find something worthwhile to put the money into but I still think good profit will be nailed on here.

Good luck

Hostile takeover at a low shareprice? Are we on the same planet? 3% of shares traded (mostly sold) over the past 2 days drops the shareprice 20%...... if some started buying 51%......... wtf do you think the shareprice would do?

Scattered resource.... lol...I love it when a deramper adds in a comment that looks like they are holding the baby the wrong way up.

The last thing you could call Racecourse is scattered...... it is literally a single pit..... doh!

I see that watch has sold out..... I know I haven't
:-)

I'm reading open pit mining study early 2023.... repeated a couple of times... can't find the 2032

I want to know how long we need to wait for the decision to mine! Surely we have all the info needed. Colin should be able to tell us how long we need to wait to get that RNS..... before Christmas? January? when?

Have a look at the 3 cross sections in the RNS.... 2 of them show a volume of resource <150m below surface in the 0.5 to 1% range. This will still be attractive...... but whether it would attract an AA or BHP without a positive Ascot JORC is maybe the debate...... dont doubt that this will still be attractive to smaller companies ..... especially with the >0.5% close to surface. Just not the paycheck we hoped for.... 20p anyone?

Particularly apt analogy Andrew..... considering I was expecting to get this Christmas bonus a few months earlier than we are likely to be getting it.

It's a difficult question really. There will be a surge in value based upon the sale price and the perceived special dividend value, but there has to be some information on direction "after Racecourse"..... I.e. where is the next value being added from.
If it is managed well, the interim market cap could exceed the sale value.... but that's a possible scenario.... not a prediction from me.

I took the 30kgs poured as being last months total (october). So 2 more months of ramping up.

Not challenging any of the comments though.... it seems only results improve our position.... not promises.....
So Colin, get the troops delivering results before Christmas. Put a smile on everyone's faces and quieten the skeptics.

I wish I knew when the next news was going to drop....
It's hard to maintain a level of excitement..... if there was an interview where Colin could suggest "next few weeks" or "early December" as the expected arrival it would perk me up no end.

Come on Colin..... drop a few hints.....

Just need the real numbers now Andrew.... cant be long now.

Colin, what can you tell us about progress in the model and number crunching?

I'd go further and say that clever governments using stimulus and tax benefit measures to support the Green Revolution dragging their economies out of recession ....... Will prevent copper being dragged down as usual.

If you could go back and bet on the motor vehicle or the mobile phone you would be rich.... betting on a solidly understood commodity such as copper might be our next opportunity.

Its funny..... I understand people's range anxiety when we are talking about 100to 150mile ranges on EVs (despite most of us only driving around 20 to 25 miles a day), but never....not once in my life have I ever thought to myself.....If only this car could go for 2000miles between refuelling.... why is this even being touted as a positive from a company whose MO should be to give the customers what they want?

Ive just reserved an Aptera and there is a 1000mile option, but why would I even need this? unless Im trying to outrun the Zombie apocalypse.... Ive gone for the 400mile arrangement and feeling very happy with this option.

Happy Birthday Colin,
Hope your day is filled with news .... of the good kind.