Member Info for Malik-

Terms could have been better
20m for Paterson?
Interest rate at 8%?

Nonsense reasoning.
?You should try doing this type of calculation for any listed exploration companies and see if what you get to.?
I bet you d be buyer of every single one of them.

There are plenty of warrants in money still for your info.
So that’s incorrect.

Turner Pope are terrible. But at the end of the day, this has no relevance if you have good assets...
Where was the share price already in July?
Ok let’s try this again. At what price was the raise done in September already? Oh 0.55p. What’s the share price two months later?

Placing? What are you talking about?
They have £2m cash in bank.
If you do not have any valid basis for an argument, keep your thoughts to yourself.

Recovering. There was no fundamental reason for the shares to have dropped down to near a third from peak.
Unique asset mix is company’s key differentiator. Effectively pro-cyclical via Fe exposure in particular; and yet offering an inflation hedge via Ag/Au.

ARB share price performance year to date: +70%
Bitcoin performance year to date: +150%.

=> ARB should be trading at 15p therefore for it to accurately mirror the performance of Bitcoin this year; and at current spot price.

Fundamental justification for mcap crumbling by c£60m (!) in a month? Zero. Is it silver p? No. Ironore p? No. Mexican JV disappointment? No, mkt wasn’t valuing it at more than what was obtained.
On floor valuations - priced below 1/7th of potential asset values

This company should be worth at LEAST £10m.
Ridiculous valuations here,

You just can’t compare UFO with BZT, sorry,
BZT has poor jurisdiction and it’s capex requirements are off the charts.

Stock here discounting unreasonably conservative expectations:
*15Moz Ag at $20/t at SanCelso (vs my est 50-200Moz and $25 spot)
*10Mt Fe resource (vs expl target of 74-245Mt)
* D2 at JV value (ie few million£)
-EH at ZERO
-Los Campos at ZERO
-Greenland at ZERO

Are you aware how much they’re paying for this landholding?
Less than £100k
Just these sets of samples signal to me this is worth at least a few million already.

Worth highlighting from press release this morning, that the company had cash in hand as at end October of £2m...
No rights issue in sight therefore.

Diversification deserves a premium to valuation, which the market will have to prize.
Through the possible shear scale of the ironore assets, we are effectively net long global macro which is what you want heading into 2021 when covid vaccines are rolled out and the economic recovers; yet hedged through silver on reflation.

I am particularly excited about the nickel samples today.

More generally my view is that the market needs to reassess how it looks at the stock. Perceived as a silver play, it is actually becoming a diversified resource co with 1)ironore to become the key contributor to value creation & mcap, 2)undervalued silver pjcts offering macro hedge, 3)exposure to Au, Cu,Ni,Zn,PGE

Shares down to a third of where they were at the start of the year: Stock never recovered from Covid crash in March. Yet, nickel prices are 15% higher YTD and 45% higher than March trough. No brainer entry point, for play on green revolution. >5x upside from here in my view

*sighted

I disagree that this is an inflation play.
People need to understand that this is a short sited argument based on the silver assets.
But the main upside to this stock will likely be iron ore. Which means iron ore will become the largest contributor to the company’s market cap.
Reflation play is an optionality that Benfits the silver assets.
The key differentiator is IRONORE

Yes but people didn’t buy into the effectiveness of the Russian vaccine for more than a day.
This is Pfizer...
But we dint have all the data so far for sound judgement of whether this is the holy grail.

This stock is held by people who play fear.
It didn’t correlate to silver on the way up, but sold off on lower price.
At one point fundamentals will prevail. As I said I. My earlier post, the stock is discounting silver at 20. And the key contributor to market cap upside will be iron ore which is positively correlated to macro.