Member Info for snowman123

I think there is interest, but there is no news to digest / discuss. Let's hope some assay results will come soon.

It is also good to look back at the share performance of GGP. It didn't explode when they reported the results from HAD001 on 25th of June 2018. Share price didn't do anything really when they mentioned a large system in the 1st of October 2018 RNS. It had a decent gain when the famous HAD005 hole was reported on the 19th of November 2018. However, share price was still below that of when HAD001 was reported. The farm-in agreement with Newcrest on 12th of March got the price moving a little bit. But only 9 months later in January 2020 the price started moving from 2p to all they way to 37p in December 2020.

Maybe some investors are watching ARV from the sideline to step in at a good moment, but probably there is time to enter if the first assays turn up good.

LunchMoney, always nice to see people's reasoning and/ or calculations on the valuation. It helps me to put perspective to my own thinking. Although I really would love to believe the people that are claiming £2+.

LunchMoney, wouldn't the NPV be taken down by the cost of purchasing SolGold/Alpala? If the NPV of the 85% of Solgold would be 3.5 billion and they purchase us for 1.5 billion that would make the NPV 2 billion. Of course they would get all the other projects as well for the 1.5 billion. But just for simplicity I only counted the Alpala project.
1.5 billion $ is 1.15 billion £. With 2.4 billion fully diluted shares this would give 48p per share.

Now the question is if the 2 billion NPV after purchase is too much / little and if a risk factor or premium should be applied to that. But to put it in perspective: if a buyer needs to invest 2.5 billion plus 1.5 billion for purchasing for a total of 4 billion a 2 billion NPV would mean a ROI of 50%. Quite acceptable in my opinion.

DBW, just a link to the mining journal article.

Solgold made two attempts to get the whole of ENSA/ Cornerstone. The last attempt was in June 2020 (see RNS 30.6.2020) and failed (see RNS 16.10.2020) . Since then things have changed and now both companies work together (see RNS 2.6.2021).

I am sure if a buyer comes for Solgold it wants the whole of Alpala so it will either also buy Cornerstone or it's share from ENSA. Time will tell.

Everything in the article makes sense, but at the same time at the moment it is all speculation. Time will tell how this will go. Would be nice if the PFS comes in May though.

Comparing OT with Alpala is a bit like comparing oranges to apples.

Reserves vs resource estimate
Operating mine vs PEA
Government involvement vs Government endorsement

But overall good to see money is being spend in the industry.

( Rio Tinto paid C$18.98/share in August 2011 when they raised their interest in Ivanhoe Mines from 46.5 to 48.5%)

I would assume the PFS would have a sensitivity analysis including increase/ decrease of used commodity prices. That would be interesting to analyse.

One other aspect to look at is the used fuel and other energy prices. Mining is energy intensive and current price levels of fuel and energy will probably have an impact on the economics of the project.

Thanks. That was refreshing and interesting.

No, and a bit of a disappointment in my opinion.

MD&A is out.

Not read it all yet, but searched for Rio Amarillo and unfortunately nothing much to report there.

Many of us are here because of nearology, but if we do a JV now without any (good) results we might have to give away too big of stake in the asset on the cheap. In the end if ARV finds something I doubt that we will go all the way alone.
Downside of not having a JV partner with deep pockets is that drilling will be slower.

Can be a rollercoaster indeed and hard to know when to take profit/losses and when to get back in. Good luck to everyone trading/investing in this share!

Over at Hotcopper some are quite negative about (past) management. Let's hope the drills will hit something good. So hopefully we find out soon when drilling starts again and the outstanding assays will be encouraging.

Alastair gave an interview a week ago over at proactive saying (@4:20) Artemis will update the market about their drill plans on Monday. Has anyone seen this update somewhere? Would be nice to know when drilling recommences and when we can expect outstanding assay results.

Closing price at the ASX was 8.4c so I am expecting a 4.4p open here on the LSE. Let's hope it moves quickly higher from there.

Some outdated information from 2018, but this shows the grades of operating mines and the ones under development.
https://www.mining.com/copper-supply-deficit-worse-think/

"Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%."

All depends on investment and mining costs if this will fly, but it definitely could. Moving forward with a PFS is justified in my opinion.

“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett “Time is the friend of the wonderful business, the enemy of the mediocre.” One clear and simple investment edge that anyone can choose to take advantage of is patience.

Maybe I am mediocre as I am getting impatient :-)

In principal the Cut-Off Grade is the minimum grade required in order for a mineral or metal to be economically mined.
So if higher prices have been used and everything else stays the same the cut-off decreases.

To me the real question/ debate is if they have used realistic prices and cost estimates to determine this Cut-Off Grade.

The cut-off is a bit lowish, but it is stated they follow the CIM and NI43-101 standards.

The thing that caught my eye was " Potentially open pittable Mineral Resources include a higher-grade near-surface zone containing 10.6Mt @ 0.41% CuEq and 5.1Mt @ 0.45% CuEq that should support early cash flows and accelerate pay back of initial preproduction capital for the Cascabel Project."