Member Info for Shorn

@C7 - i haven't got a counter argument to that, as the drill broke ground in new virgin territory hitting mineralisation early (c45m) and still going a week and a half later. Add to that the overall (X,Y,Z) dimensions of what we do know through previous holes and making allowances for irregular ovoid shapes it's looking extremely large.
Clearly, the other variable includes additional extensions on the underside of the first porphyry - a concept introduced by iceberg (if he doesn't mind me sharing his blog)...
http://icebergshares.blogspot.com/2021/01/xtract-resources-bushrange-racecourse.html?m=1
Read down - scenario 4, look where he is suggesting - exactly the territory we have drilling now...
IMO ATB Shorn

This might help...
https://www.rns-pdf.londonstockexchange.com/rns/8229M_2-2021-1-25.pdf

@jwoz, @C7,
My understanding is as follows - the drill is intercepting at depth in virgin territory to the NNW - which i take to be at depth below the forest area NNW of old holes (XXBR 006 & 008), though i am not sure where exactly where the pad is.
IMO ATB Shorn

@andmillsy
Not sure as pre-Xmas lab testing created a bit of a delay (certainly the case in of labs in Perth WA) so maybe not that much - possibly a couple of weeks more ?
ATB Shorn

Open question and a long shot...
Alkane had some assay results back yesterday, so does anybody know by chance when Alkane sent off their samples to the Lab ?
Just thinking that it might give additional indicators as to when we might get ours back ?
ATB Shorn

@fulmar
Thanks and understood.
What might be the twist - further / additional exploration in the region outside of the core deal to be proved up ?
ATB Shorn

In a previous post I mentioned that IMO that heads of terms (the headline deal) will have been agreed prior to the start of the exclusivity period, and therefore the start of AAL’s – DD. And not just me, but another poster identified that Rothschild’s entrance as ARCM’s financial adviser seemed like odd timing. A subsequent poster identified that Rothchild has operated extensively in financial / strategic (M&A, etc) management to AAL on varying mining projects.
This got me thinking...
Why are ARCM appointing the company that AAL normally use ?
Why now ?
IMO Rothchild’s appointment may be a condition of the heads of terms, timed to follow on from key aspects of the DD that have been achieved, (certain financial & legal milestones – getting “comfortable”)...
What could be our take from this ?
That DD is progressing well and possibly that as Rothschild’s appointment is an indicator that they are at the stage of formulating the deal / structure that will conclude and go over the finish line.
Could it be an indicator that this is a JV after all ARCM appointed Rothschild.
A JV would turn exploration into mining and a better outcome for shareholders in terms of value but also longevity (dividends way down the road).
IF (and it is only my opinion) this is the case then you are looking at an uplift (similar to Greatland Gold’s JV with Newcrest) and the typical Lassonde mining development curve (2 phases of SP growth).
Is anything I am suggesting consistent with developments or decisions made previously (before my time here) that would support this ? OR am I way off the mark ?
IMO ATB Shorn

@marco777
Interesting if you look on your chart at the previous resistance around 3.95p - that's exactly what happened before the ascending lower line caught up at c3.95p and broke through and rose to c6.6p...
Let's see if history repeats. The fundamentals are the same if not better, and the Cu horizon is ever improving so i see no reason why not...
IMO ATB Shorn

https://uk.investing.com/analysis/copper-goes-parabolic-why-a-new-record-high-price-could-be-at-hand-200461732
It all helps...

https://uk.investing.com/analysis/copper-goes-parabolic-why-a-new-record-high-price-could-be-at-hand-200461732

https://www.marketscreener.com/quote/commodity/LME-COPPER-CASH-16161/news/Copper-rises-on-U-S-stimulus-and-higher-Chinese-imports-32631151/

@aprogerson
Thank you for the excellent detailed summary and pointers, and i did listen to ZM's view. All good for me to continue the reading of past data.
The timing of Rothschild does seem odd timing, BUT i think the take should be a positive one. As is the sale of both Sturec to MetalTech and the CASA / Ayanka gold mine - de-risking the future to some degree (important to show that you can walk away from discussions / negotiations with AAL.
ATB Shorn

@Mikiesunday
Boom Boom ! - totally agree with you - glass totally full - lol
Actually apart from me finding your posts amusing, i generally agree with you lol.
We defo are on a special path here with many jigsaw pieces all falling into place - "the perfect storm".
ATB Shorn

@marco777
Our posts crossed - thanks that makes total sense.
I will be purchasing significantly tomorrow.
I think there may be a confusion between business process and mining exploration here - the assets are there (undervalued), but the euphoria (SP increase) is waiting on a business deal.
Anybody looking in here needs to understand both parts of the jigsaw, BUT needs to get in now...
I am on other boards and sometimes reposting the currant status and great headlines help with Newbies and sharing the great news you have !
ATB Shorn

Just to add (and for what it's worth) - when i have signed exclusivity agreements in the past the intention is on the back of Heads of terms (HOT's - an agreement in principle on price and other conditions and all subject to the outcome of DD).
The HOT's are the basic framework of the deal and obviously very confidential and a timed agreement.
Before HOT's are signed the seller (looking for outright sale, JV, or other structure) will have tested the market (other Majors) to ensure they enter into exclusivity with the best potential partner / financial outcome.
Clearly i have no intimate knowledge of mining companies and the present ongoing process - BUT given your collective insight is anything i am describing fitting in with your current knowledge / past information here ?
ATB Shorn

Thanks all.
Have AA had access to drilling / exploration data prior to current negotiation ?
Forgive my lack of knowledge and being up to speed as you guys clearly are.
As i say sometimes the re-messaging helps "spread the word" too :-)
ATB Shorn

Hi
I have been reading what i can from ARCM website particularly the most recent presentation.
I believe that we are looking at Tier1's and a good management team, plus a jurisdiction that has improved (politically) over the years.
The macro economics speaks for itself - low future supply of Copper against a growing demand (super cycle?).
So as i read we have DD being carried out by AA and Rothchild's installed for financial guidance through a possible negotiation (?)
I have bought shares and intend to buy significantly more - but want to get a better understanding of the status.
My background is building small businesses (nothing to do with mining) and then selling to large UK PLC's and my experience is that lawyers and financial exit support is engaged with early on - though it turns into a frenzy towards "completion".
For me it usually takes one year give or take, from decision to sell to exit.
For those among you in the know - where do you think we are in the time line process ?
The data i read is DD has just started, BUT did i read somewhere that AA have had access to drilling and other data results ongoing throughout the discovery process ? (which would make negotiations and DD shorter - now).
I would appreciate copy & paste data perhaps previously posted or any clarification on the current situation.
Not withstanding my interest it would be good for any other Newbies and to promote the company and the future bagging potential...
ATB Shorn

@hesgoingallin
My "opinion" is that JLP would go down as folks sell shares - just like other companies...
DO NOT SELL - after the initial retraction, and after some time JLP would pull back for the very same reason you are investing now.
The lack of PGM's and Copper supply moving forward and the future electrification of developing economies, and the introduction of electric vehicles (Biden's promise / objectives across USA for ->2030) will recreate the PM demand we cannot fulfil moving forward.
Unlike quantum easing which did nothing much for you and i (just the banks), this round of spending (particularly USA) is more about infrastructure which is good news for the economy (and the world? to some degree).
The general thought is that all governments cannot afford to publish the real rising inflation rate, as this will hyper inflate the debt they have to pay for Covid. It is highly likely that for the next couple of years the economy will grow aggressively, and that you and i will find that prices for goods and services will increase BUT the government will still say inflation is under control. There is also an expectation that the US$ will devalue c30% over the next +12 months. So i "reckon" after a couple?? of years i do think a correction or similar will happen.
So if you can hold - the message is the same in a market down turn - HOLD.
I welcome the thoughts of others that are more in touch with economics than me - all strictly - IMO
ATB Shorn

sorry CB

@georgej48
CD has always said that he believed the original "cigar" shape to be wider at the bottom - not sure what lead him to believe that when drilling hole 1 when i first remember hearing it (i stand to be corrected tho)...
ATB Shorn