Member Info for Kullybahia

AAL could buy Fwiji for XYZ, and drill the resource out and Jorc the deposit. Get the Mining permits for production, and use the Sentinel Mine for processing of the ore? 40km conveyor belt isn't a big ask. With minimal capex and probable Tier1 @ Fwiji it's a strong possibility being looked at by the Bod. Kamoa Kakula took 2000 drill holes and 600,000m of drilling but is a much larger rescource area. With drillers charging $75/m at current prices, discounts for larger contracts. So effectively 3-4 years due to rainy season in Zambia,and multiple drill rigs. Fwiji would be 600 drill holes upto 450m in depth @ $60/m = $16.2m in drilling costs. If AAL have their own drilling rigs and assay lab? then they will be able to move much faster into proving up Fwiji?

Another consideration is Sentinel Mine after resource is exhausted, could be bought at a prevailing discount! No use after rescource is finished, whoever buys Cheyeza, Muswema and Lumbeta? Could in theory put a plant to good use, without massive capex outlay? 2031 is when Sentinel becomes a dormant beast, or could be contracted to process ore from Cheyeza, etc for a % of net smelter royalty? Can't see after that amount of capex $2.1bn, the plant being idle with the missing copper only 40km away!

Sentinel must be kicking themselves, after trying to find the missing copper? Would have been a very shrewd move a couple of years ago, to buy Arcm out at sub £50 mcap. Guess the spoils go to the highest bidder?

Looks like we could do a deal with AAL, and still have plenty in the tank for development. The licenses are huge in KM square (500).Can't wait for drilling and assays from Fwiji, and the inevitable offer? We got Tier1 and we not in the business of selling cheaply to Majors. Add a small plant to come into production and no more dilution. Hold for a few more months, and we will be in the enviable position of cash rich, and deposit rich! ATB everyone.

Ella, even though Fwiji is AA's top target,the images presented by Seis show even better targets in possible deep sulphides at Muswema and Lumbeta. With some more on Cheyeza, clearly sulphides have travelled from Sentinel east to west in thermal fluids. Settling on Arcm's licenses, what luck? What's the chances of that happening! Up to 25m tonnes?

Seis, do you think Muswema is a better prospect than Fwiji? Because thats the impression from your enhanced images?

If the government took over the mine, they'd paralyse themselves for decades to come. The government would enrich themselves at the expense of the people. They would never get foreign investment, resulting in a slow painful decline in the economy, at the expense of the poor trying to get by. Catastrophic is how I'd describe nationalism.

DRC regional government is banning the export of cobalt and copper. Kamoa - Kakula mine just went into production in May, the second biggest copper discovery in the world. Expect a uptrend in Copper in short term, but the government is not going to attract foreign investment with that policy, Suicidal comes to mind!

Cornish, how's the banning of exports of copper and cobalt going to help DRC? They need foreign investment to help grow their economy? Kamoa - Kakula mine took approximately 24 years to get into production. Crazy if you ask me? Tanzania have a new leader, she's very different to previous leadership. Very diplomatic in bringing foreign investment and jobs to the country.

Zambia is a work in progress and a deal in progress. Once we get the deal, then plenty of deposits still to be drilled out. Botswana is a new area and we have a chance to move. At least its in Africa and not on another continent. So should be with copper attractive, a solid license to develop. We've bought from a distressed seller, so buy while the price is attractive. Plenty of time to find mineralisation and possibly buy more licences in the area? When we sell Fwiji, we'll be in a stronger position than most Juniors can dream of.

Once a commercial transaction has been made with AA, we'll have money to develop Botswana and possibly pay a dividend. Even a share buyback would suit me, and everything hinges on wether AA are going to offer what Nick is asking? Post sale, a small very profitable plant and plenty of deposits to drill and move into Jorc category. Botswana is Remy's way of saying we want to do it again, with copper and with a prospective licence. 5 years from now, how many Juniors will be wanting to be in the Kalahari Copper belt? Think ahead and think forward is the best way, to make a major pay for being too lazy themselves!

Longfell, Ella, Remy was chasing a license in the Kalahari Copper belt for over 2 years. He got one from a distressed seller, so they moved quickly to get it. As for life after Zaco and Zamsort, who knows? One thing you have to look at is the macro environment. Australia 5 years ago, no one was ever looking? Now everyone is drilling there for gold. Same thing here over the next few years, we're here already and Botswana looks promising. It was good business by Remy, time will tell if we have a decent license with mineralisation?

AA have their copper mines, jointly owned in Chile and Peru. Their looking for a different country to invest in, as the political climate in S America can change suddenly. Causing wage problems, as recently happened in Chile. Strikes, as workers ask for better terms of employment. Socialist parties looking to gain power via government, leading to nationalisation of local businesses. This is unpredictable and when a major is invested to the tune of $bn, can be very problematic. Lots of majors are looking to Zambia, and nearby for the next wave of investment to production. Its not just AA that are coming back to Africa, its getting more attractive to do business in Africa than say 25-30 years ago. Morning all of the regulars, bit of mayhem and upheaval by some on here in the last two days. Macro economics is now in play in the Central Copper belt, that's a really good sign that M+A is going to happen over the coming years. Remy is positioning for this scenario, with the purchase of the Botswana license. Only by looking at the bigger picture, do you see what's going to happen in the future. Australia went thru a similar phase in 2015, now everyone and his dog is drilling there. GGP, had £5k @ 0.5p and stupidly sold out, Doh Doh Doh. Bah Bah Bah.

Like to see AA buy Fwiji for XYZ. Then we drill West Lunga and sell to them and give the money to our partners on the licenses as way of buying out their %. Then into Muswema and Lumbeta and Cheyeza to fully drill out, and Jorc the three deposits. Along with smaller deposits, that would be great going forward. Keep a part of Cheyeza for the small scale plant of 10-15k tonnes of copper per year. Do the same with Botswana license and sell on if economic? With Nick being of a certain age, and holding other NED's, Remy is the main man, in the right space, right time to complete the above. Hopefully we get a lot of this done over the next 3 years, and get some decent dividends paid for long term shareholders.…

John Meyer is like Malcy's blog on twitter. No different but looks can be deceiving. Can't be trusted to what comes out of both their mouths. Better to do your own research than paid promoters!

The placing was done with WH Ireland, not with SP angel. Therefore one can assume that John Mayer (not to be trusted) wasn't happy with no commission?

Just to clear up any previous posts I've submitted here. I'm aware of Fwiji being the top target for AA for some time, and after watching the video by David Wood. I believed it to be where most of the missing copper was sitting, in hydrathermal fluids trapped? Being the nearest to Sentinel, and possibly the most prolific by aero magnetic survey. Of course I could be wrong and other deposits could hold massive amounts of sulphides as well? If I've misled anyone here then I apologise, it wasn't my intention. I've always thought that the licenses have multi Tier1, with Fwiji being the most prominent? Of course you can only know by way of the drill, and we'll find out when the drilling is done on Fwiji, Muswema and Cheyeza. ATB to everyone invested here.

He also states that 50km by 50km and 500m thickness with 10ppm should contain 30m tonnes of copper. Clearly he's referring to the Central African copper belt system, where we have the licenses. Soil samples are higher than 10ppm,but the fluid system is where sulphides are most likely to be trapped in traps? Obviously he believes the missing copper from the Sentinel Mine is on our licences. As Fwiji is the most northern deposit to Sentinel. It could hold the most copper,but I'm no geologist. And the other deposits could also hold significant amounts of sulphides.

Hierarch, I'm only observing David Woods video on the African copper domes that stretch out over the Copper belt. In it he references the missing copper, that is missing from the Sentinel Mine. He clearly indicates to the license area of Zaco which contains Fwiji. He doesn't summarise further in the video as to where else it may be. You could however be correct in your assumption, one can only assume from what information is available. As Arcm are limited to what they can say, we don't know what AA are negotiating on. Only that an offer was put forward, and rejected by Nick. But considering Fwiji was AA's top target, then an offer was probably made for Fwiji and possibly another deposit? There's definitely some copper on the licenses, but without properly drilling it out, we'll never know. ATB.

So on current copper price of $10k tonne, we're projecting $50-55m revenue, thats about 5k tonnes per annum. $10m capex for a small but reliable plant which will have payback in 5-6 months. Based on free cash flow of minimum $20m,but forecast $20-25m per annum. Remy pushed for the plant, and he was looking for a exploration licence in the KCB for 2 years. A good shrewd CFO we have in Remy, very impressed with his approach to finding value for shareholders. KCB is relatively new to most investors, and Botswana is new to me and others. Will be at least a year before we start to make progress there, possibly another appointment on the Bod to work Botswana?