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“ Soil sampling is not a slam dunk. One can't claim multi billion tier one deposits based on soil samples. Maybe on Internet chatrooms you can, just like people say they are well hard and ex SAS, but in the real life grade, continuity of grade, tonnage and metallurgy actually matter.”
Well done mate, you missed the point by a mile.
Jarvy recently highlighted a part in one of the investor calls where John Meyer congratulated Nick on the JV and asked what it was that persuaded Anglo to agree to the "unprecedented" deal.
To me the answer is pretty clear. What was the first thing that Anglo did when the exclusivity period was announced prior to the deal? They took the soil samples which Arc had previously taken to map the whole license area and had them re-assayed to determine the copper-scandium ratio. This is absolutely key and despite me banging on about it, something which I think many shareholders still don't fully appreciate. The copper-scandium footprint which directly mapped the Sentinel deposit is also present in several locations across Arc's licenses. This is directly pointing to where the hydrothermal brines which leached the copper and other minerals has reached the surface. It's basically a big treasure map "X" saying here be copper! This method relies on the soil at surface being representative of whats below it, ie, there hasn't been too much mixing due to flooding etc. Why is it that other companies in the area are not employing this same method? Simple, the Kalahari Sands cover much of the land to the South and West of Arc's licenses... so companies like (for example) African Pioneer cannot use this method, instead having to rely on other EM surveying and drilling to test anomalies.... much more expensive and time consuming. Even FQM trident area is partly covered by Kalahari sands so they were unable to completely map the licenses in the South.
https://tinyurl.com/crkz25va
The soil samples on Arc's licenses are at a lower resolution (1km crossline and 500m inline) compared to Trident area (300m crossline by 300m inline) but the correlation is clear to see, and as David Wood said in his SEG paper on the method:
"Down-sampling of the data demonstrates that the patterns in the data that are indicative of mineralisation processes would still be very obvious even at a sample spacing of 1× 1 km. Indeed, a deposit the size of Sentinel still shows up very clearly on this sample spacing. A 1 × 1km survey over the same area would have cost less than $100,000. It is better to define the footprint of the system and then look for the orebody within that footprint."
We have footprints all over our licenses.
Sadly they’ve been getting away with it for years because most companies don’t do anything about it. Maybe they think that being based overseas, as some undoubtedly are, means they are safe from any kind of legal action. I once worked on an exploration crew in the back of beyond in Kazakhstan and there was a real creepy British guy on the crew. One day Interpol showed up and lifted him…. We never saw him again! I won’t say what he was arrested for but it was extremely unpleasant. If you have any info on who might be behind these people (such as social media profiles) then be sure to pass it on to the company.
One of Travelcard’s many corkers when it comes to Arc:
“ They were in discussions with "Anglo Exploration Zambia Ltd" a subsidiary of AA. Not AA. I would question whether Anglo American conducted a technical review or the sub did so. Either way it looks like the deal may have failed.”
And why are Travelcard and WonkeyDonkey deramping Arc on other boards and also calling for a shareholder revolt despite neither of them (apparently) being shareholders! All sounds a bit off doesn’t it?
I’ve been burned more than once on oil and gas companies (despite my career being in oil and gas exploration!) so I stay well clear of that sector these days. Mineral exploration at least gives you more clues as to what’s happening below the ground. Arc is my only significant exploration stock (I have a small position in TYM as well) and I’m not looking at any others.
I guess it depends what your aim is really, I’m only looking for companies that could bring large returns and I have the patience to wait for that to happen, I think more and more people don’t have that kind of patience, they want instant gratification. A sign of the times I guess. I have other investments which bring me a steady return, investing on AIM is purely for the potential life changing outcome. It’s money I can afford to lose if it goes wrong.
Presumably if you hold that many shares NtM, you are not actually able to do any proper research on most of them? Is it just a scattergun approach, hoping one or two will come good? Not saying that’s wrong, if it works for you overall then thats great, anyone who can beat the odds on AIM is doing well!
Personally I only hold a small handful of stocks because I want to be able to put in the time to try and understand the companies and what their potential is. Especially with exploration companies, the licenses are everything and that’s why I continue to hold Arc, because I believe they have one of, if not the best package of licenses in the Copperbelt. I invested before Anglo American came along but they are also clearly of the same opinion because JV’s like the one they agreed to don’t come along every day. Any exploration is high risk so there are no guarantees of success but having done all the research I can I feel that the risk to reward here is as good as you are likely to get. If you want cast iron guarantees then AIM is the wrong place.
The first of several major targets likely to be part of the upcoming drilling season:
https://x.com/navseis/status/1768665538475991199?s=61
We already know that there’s mineralisation there, it’s just a matter of the scale of it now. Time will tell!
The first of several major targets likely to be part of the upcoming drilling season:
https://x.com/navseis/status/1768665538475991199?s=61
We already know that there’s mineralisation there, it’s just a matter of the scale of it now. Time will tell!
To give an idea of what the recent rise in PGM’s could mean in terms of earnings, the PGM basket is up about US$55 / PGM ounce compared to the quarterly average. This would equate to a rise in earnings (based on 42,000 PGM ounces) of about US$2.3 million / year.
He didn’t promise anything. He gave a timescale in which they hoped to complete the due diligence. Timescales can change. If you treat an estimate at an expectation they you’re setting yourself up for disappointment.
I disagree with you Kalan. I’m sure you look at the charts on a daily basis so you should be well aware that before the persistent seller dropped our SP to 5p we were at 6.5p. Returning to that price is hardly ridiculous. I know that doesn’t fit with your never ending quest to manipulate sentiment but that’s the reality.
Charttopper, the copper concentrate price is a percentage of the LME copper price, depending on the amount of contained copper. So yes any rise in copper price will be good for us, regardless of the type of copper produced.
Buttermilk, maybe you should try and understand before you speak? The cathode / concentrate split now is not what it will be once the new front end is up and running… it’s really not that difficult to understand unless you are deliberately trying to misunderstand.
I'm well aware of what the metal prices are doing but short term traders don't really care about that, most of them probably haven't even got a clue what Jubilee does!
Feel free to explain why both SLP and JLP are down today after rallying 25%, regardless of the metal prices if you think I'm silly.