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Why is travelcard only interested in Arc in particular do you think? There are lots of juniors out there whose licenses he could be calling into question but he ignores those and has spent two and a half years trying to stick the knife into this one! What a sad excuse for a human being he must be!

Yes this is separate to any other artisanal operations I believe. The name OB1 (overburden dump 1) is the name of an actual dump site near Chingola and I think that’s likely what this project is.

It does say they target the processing of in excess of 260 million tonnes of waste rock material. The initial 350 million tonnes may be the whole waste dump, which would likely contain a proportion of material which is not economic to process. I guess in sampling the material they have a more accurate estimate of what can actually be processed. Just my guess.

It’s amazing how without fail, whenever there’s a slight rise in the SP here, someone is guaranteed to pop up claiming to have made a packet on GGP and how this is just the same!

"But I AA only punched one hole last year for stratigraphical analysis only. "

Actually what they said was that the FIRST hole they drilled was a stratigraphic hole but that it was drilled to investigate a deep anomaly, which showed up on an AMT (audio magnetotelluric) survey which Anglo have conducted themselves. This type of survey gives deeper ground penetration than the airborne EM survey that Arc has already carried out. A large EM anomaly showed up in the same spot as well as the Cu-Sc anomaly.... that's three different survey methods showing an anomaly in the same location.... co-incidence?

Looking at the volume since the placing was done, roughly 1200 million shares have changed hands so you would hope that the placing has just about been flushed through.

Not sure what you're on about short selling for thefenerbahce, the placing shares were issued back in February!

Assuming the modules work as has been forecast then the only thing stopping expansion is the speed at which the modules can be rolled out. If that happens then we should expect the same kind of exponential growth that we have seen in chrome. Small scale miners will be queuing up to get involved. The partnerships with IRH will provide early cash flow to get things moving.

On another note, I was looking at the area around Thutse and there are lots of old open pit mine workings around there, I think there’s still massive potential for growth in that area too.

This is just about at the placing price (468,750,000 shares placed @ 0.08p). It was always likely to drop towards that without more news to clear out the placing shares. I'll probably add more this week if I get the chance.

I should also say that chambishi is equi-distant between Chingola (where I think the OB1 Waste Rock Project is located) and Mufulira, were the s l a g dumps are.

When rumours of Chambishi being brought back into operation first surfaced, the cobalt price was much higher and I'd assumed it was going to be in connection with the Mufulira s l a g project, which is rich in both copper and cobalt. Chambishi is equipped with a Mintek furnace which has been used in the past to process s l a g (from Kitwe) and extract copper and cobalt for further processing. Now with a much lower cobalt price I'm not sure that's likely to be the case. Maybe they are just considering it for the processing of copper cathode, with the option to process cobalt later when the price improves. Chambishi is capable of producing A grade cobalt cathode and was at one time registered with LME, although I think that registration has now lapsed.

Copper sulphide concentrate is around 25% copper as far as I understand it. Leon did give a figure in a recent RNS, saying they had improved the concentrate percentage.

Having looked back at ART's posts I see he is just the typical trader, he was ramping TYM not too long ago when it was rising, now he's doing the opposite as it dips. Probably thinks he has the power to influence the share price all by himself!

Someone would have to look back through the RNS's to see what has been officially stated to the market, and to be honest I can't be bothered to do that! The website quotes a figure of US$5,281 from last years financial results (nice to see they have given the website a refresh by the way).

I'm sure in interviews etc, he has quoted a number nearer to US$4,000 / tonne.

Why are you so concerned in who posts what when you are not even invested here?

I'd hardly call it wishful thinking. There's plenty of nearby drilling and active mining to form a geological model / models of the area. They are drilling to test those models.

There's more than Konkola West in play here as well, I expect further drilling on at least one of their other licenses this season with the potential for further JV's still to come. Plus Storuman of course, a decision on that could come at any time.

You apparently are not a shareholder... your choice. I think there's enough in play here to be invested and I will continue to be so (and more than a few hundred quid too!).

Anyone think the timing of the BHP offer for Anglo American's copper assets is relevant? I'm sure they are well aware that they have a major drill programme about to kick off in Zambia... maybe hoping they could get away with a cheeky bid before the campaign gets underway in earnest.

If Anglo are confident they are onto something significant it might just force them to reveal their hand to their own shareholders.

It was the Swedish government that ordered the Mining Inspectorate to review their decision, "in the national interest".

To be honest any one of the projects coming good should put a rocket up the share price. As part of the JV with KoBold, they are potentially looking to spend US$6m on drilling... that's 3 times the current market cap!

The share price was considerably higher before the Storuman license was cancelled but to balance that the number of shares in issue has massively increased (something like 8x I believe).

That was a sell I believe. Probably more placing shares being sold off. The placing was done at 0.08p so they aren’t making a whole lot at the moment.

Surprised we didn’t hear anything else from PC out in Zambia. Has he headed back to the UK already? Staying in Zambia for meetings? Maybe we’ll get an update today.

Yes I noticed that number Edzi, although what he actually said was they had informed the market that all in costs would be below US$6,000 / tonne. I don’t know if he misspoke but he has certainly mentioned less than US$4,000 / tonne in the recent past. The number in the H1 report was US$4,554 / tonne and I would expect that to come down as Sable becomes fully utilised.

I think it's worth reposting this summary for any new or potential investors, for a company with such a tiny market cap they have a number of projects, any one of which could be a catalyst for rapid growth:

"Obviously focus is currently on the active drilling at the Konkola West license by KoBold Metals. This will test for a deep extension to the ore shale which hosts the recently discovered Mingomba high grade deposit and several operating mines. That's not the only string to the companies bow though. Here's a quick guide to the other Zambian licenses, rather than me typing it, here are some video presentations the company did:

Jacks project: https://x.com/Tertiaryplc/status/1726875006255194188

Mushima North: https://x.com/Tertiaryplc/status/1714543279717363797

Mukai: https://x.com/Tertiaryplc/status/1701903712094929119

These are the licenses that were recently re-negotiated with the local partner to bring them all under the ownership of TYM and make it easier for any potential JV's. All of these licenses are drill ready. The company has previously mentioned that there has been unsolicited JV interest in the licenses from “major mining companies”.

The company also has 100% ownership of the Mupala license which is directly adjacent to the Anglo American / Arc Minerals JV and very close to where Anglo have been drilling.

In addition to the Zambian licenses there is the Storuman fluorspar project in Sweden. The license for this project was cancelled several years ago by the Swedish Mining Inspectorate but last year the Government cancelled the annulment and asked the Inspectorate to reconsider the application. Should this be approved it will certainly have a positive effect on the SP. It's now more than 6 months since this was announced so we could hear something relatively soon.

There are other licenses in USA but they seem to be on the back burner at the moment."