Member Info for Rocktapper

Having thought about things, I believe patience is a virtue here and it really is just a question of being patient, despite the long hiatus of news. I also now believe the Opti stuff is noise...

Rain smain. You get rigs with tracks and rigs with skids and tractors with big fat tyres to pull them around! One of the main risks with drilling in the rainy season apart from getting vehicles bogged on unpassable tracks, is having 100m of steel drill rods stuck in the ground when there's a lightning storm! ! Drilling will stop when they really can't move around safely.

Really? What's not to like? Look at the Muswema soils map. Two approx. 4km long >100 ppm copper-in-soil anomalies and look at the 'core' of the eastern anomaly (purply pink colour) which is > 200 ppm and around 2 km long and between 100 - 200 m or so wide! The western anomaly appears to be up to around 750m - 1 km wide.
If those were my results (well in a way they are as I am a shareholder!) I'd have a rather large smile on my face - which I do!

One really has to question what is going on here now.

It's about time there was an update from the BoD. There's just nothing and so the Opti reduction in holding (which was known about / suspected) and sink in the markets are a double whammy. Trying to keep the faith....

I was using that as an example but here, I would say yes. The whole thing is interesting because it's relatively shallow. But there are also other factors which I don't think they quite understand yet as to what and why the 'black sap' is where it is (based on what I heard in the conference call the other week).

Copper content calculations:

Volume = Length x Width x Thickness
Tonnage = Volume x Specific Gravity (Density)
Grade is grade in % content of Cu metal
Hence on a very basic calculation / estimate, if you have continuous / homogenous mineralisation within an area of 300 m x 650 m and it is 10 m thick and after doing countless S.G. tests on your core, you have an average S.G. for the mineralised material as say, 2.9 (no units), the tonnage will be: 300 x 650 x 10 x 2.9 = 5,655,000 tonnes of material.
If the grade of that material is 1% copper (assuming a uniform grade for the sake of this, which it isn't usually). The tonnage of copper in the material will be 1% x 5,655,000 t or 5,655,000 x 0.01 = 56,550 tonnes of contained metal.
If you want to estimate the in-situ value of that then multiply by the copper price (cash, this am) of US$ 5,667.50 to get US$ 320,497,125.
Of course, these are just back of the envelope figures. You need to assume mining factors (extraction and dilution) , processing efficiencies etc. and a whole load of other factors but this gives you a figure to kick around (and down!).
Obviously, you could double the area and half the grade if the mineralisation's there etc.

Feeks, you make a good point there. Perhaps one way of moving Sturec forward would be to financially cede a proportion of the ownership to a community company which would have its own directors made up of community members (there'd have to be some way of insuring you got people with some capability to manage). Although ARCM would be divesting some control and ownership, it might prove one way to see some progress on the project rather than it sitting there 'gathering dust'. It may also be more appealing than the previous community project(s) that were put in place. If a community company were to be involved, there would be more incentive for them to see movement on it (and they'd get more of a say). At present, the 'asset' isn't really an asset. I'd accept that this isn't necessarily what most shareholders would wish for but for some projects, it may prove to be the only way of seeing an advancement. The alternative would be to write Sturec off altogether and find another project in another (?European) country with less geopolitical risk.

ARCM is not listed on the FCA list of shorted shares for 21/08/2019. Nor on https://shorttracker.co.uk/

And J99, I take your point. I've been here since Ortac and 2012 and am still down just shy of £32 k, need around 11p a share to break even. This is a very long term investment but hopefully there will be a return....one day. I still have faith - just read my recent posts!

TSP - my point being simple really: people who increase their share of a company to over 5% don't generally tend to spend the money without being in the know or being confident of the management or more simply, being prepared to lose it all! He must be happy enough with the news he's getting and his understanding of the foibles of the exploration and mining game.

Doubt it.
The BoD seem to be fine about watching the slow drift downwards of the SP though...still hoping for some news on the commercial side.

KARL-ERIK VON BAHR seems to know which side his bread is buttered on! ;-)

The Reserves and resources data for Sentinel. Note the copper grades for the non-primary sulphide ores:
https://www.first-quantum.com/Our-Business/operating-mines/Sentinel/Reserves--Resources/default.aspx

It's hard to believe that despite this good news and potentially with a lot more to come, the market cap is still < £ 2 million and the (bid) share price 55p. Should really be five to ten times that IMHO.

It's everywhere!

The delay could be nothing more than a delay from the lab in producing the analytical results. Or there could have been delays in sending samples. The lab could be chocka with samples from other companies and there be a backlog. Many reasons for potential delays. It's the nature of the beast. NvS probably shot himself in the foot when he suggested the next set of results could be out in 10 days, especially if he didn't have the lab results in his hand.
Patience and understanding (to a degree) is required.

As I have bored people a number of times, I've been 'stuck' here now for 11.5 (long) years and as of this morning, am shouldering a loss of just shy of £33k. The words 'unimpressed' and 'underwhelmed' don't even begin to describe how I feel about this!
In that time, the strategy, such that it is, hasn't really changed. There's never any real progress to truly defining resources which third parties will believe are assets and want to spend any money on. Instead we get a cycle of mediocre results from holes drilled in widely spaced target areas and attempts being made to infer that the strike lengths of the mineralisation found are longer than they are in reality!
Believe me, I would be absolutely ecstatic if I am proved wrong!

Becauase it's smoke and mirrors - and Exploration Target resource figure has been produced using quite a dubious methodology IMHO.

Yes, they have a mineralised system but apparently, it doesn't contain much gold! Much better idea would be to prove up Clontibret to measured resources and then they might start attracting some proper attention. Again, all IMHO.

Someone messing around again seeing how easy or difficult it is to manipulate the price up or down or a bit of insider information triggering a buying fest?!
We'll know if there's a sudden sell off that it was just someone playing around again. On the other hand, if there is an RNS to follow and it's sustained buying, hopefully the news is good or that perhaps someone has decided to kick this s**tshow into touch...