Member Info for topsharepicks

seeing a lot of buys here now!

Drilling to date shows:
25m of 1.05% copper mineralisation from just 2m depth including:
1.7% copper over 9.3m from 18.5m depth and
13.34% copper over a short 0.56m intersection from 27m depth.
A further drill hole 200m to the south also shows significant mineralisation.
The Cheyeza target is estimated to be around 3,000m by 800m in size according to soil geochemistry and geophysics..

SO
3000x800 = 2,400,000 square m

x by say 15m depth average = 36,000,000 m3 x 0.01 (1% grade) = 360,000 m3 of copper!

Allow 70% recovery = 252,000 m3 recovered

Copper is 8.9 tons per m3 so 252,000 x 8.9 = 2,242,800 tons of copper

2,242,800 tons = 5,023,872,000 (roughly 5 billion lbs copper at 2240lbs per ton)

5 billion lbs copper @$2.7 lb today = pretty close to $15 billion dollars worth of copper at Cheyeza alone!

ROUGHLY ;) can anyone verify those calcs

MARL I remember that run on the stock incredible:

Mariana Resources PLC (LON:MARL, CVE:MARL), the Turkey-focused mining exploration specialist, has agreed to be taken over in a deal that values the business at almost £167mln, representing an 84% premium on last night’s valuation.
Canada-listed Sandstorm Gold, which already owns 7% of the AIM-listed company, is offering its own paper as well as 28.75p per share in cash.

Mariana Resources PLC (LON:MARL, CVE:MARL), the Turkey-focused mining exploration specialist, has agreed to be taken over in a deal that values the business at almost £167mln, representing an 84% premium on last night’s valuation.
Canada-listed Sandstorm Gold, which already owns 7% of the AIM-listed company, is offering its own paper as well as 28.75p per share in cash.

This values Mariana stock, which closed at 59.01p on Wednesday, at 109.71p, and the company at £166.85mln.
The deal has the backing of the Mariana board. Chairman John Horsburgh said: “The terms of the combination represent a significant and attractive premium to the market price of Mariana shares.”
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WATCH: Boss Parsons talks through 'attractive takeover deal'
The company’s major asset is a 30% stake in the Hot Maden copper-gold project in Turkey.
One of the highest grade deposits in the world today, it is host to 3.45mln gold equivalent ounces.
In January the company revealed the findings of a preliminary economic assessment of Hot Maden, which estimated its net present value to be US$1.37bn.
The projected cash flows from a mine are so strong the payback on the investment would be just over two years.
Modest upfront cost to build project
Upfront costs were estimated at US$169mln, which rises to US$261mln over the mine’s life.
“The combination with a company such as Sandstorm not only de-risks Mariana's exposure as a single development-production asset company but provides a stronger diverse platform and ability to finance the development of the 30% owned high grade gold-copper discovery at Hot Maden in Turkey,” said Horsburgh.
The shares shot up 47% to 87.15p.
City broker RFC Ambrian said: "The pace of development at the Hot Maden project....has generated substantial returns for Mariana’s investors and more milestones remain.
"However, a premium of 84% reflects the need to pay for this upside. Furthermore, the liquidity being offered is significant for inventors who have already seen significant gains with the stock and are looking to crystallise.
"While cash represents only 26% of the deal, the Sandstorm stock investors would receive has been more than sixteen times as liquid as Mariana’s shares in US dollar terms over the past three months."

Precisely why a bid could happen this is a turn around story from here the last RNS showed lots positives and this is small change for some large cap oilies to snap up decent daily production numbers.

"Not a chance after the last few years to survive through them bad times !!
Enquest have now lined up all there ducks and the only way is up now"

oil still ok

OUTPUT is key here ENQ undervalued period!

here today IMO

IMO can see swift move to 30P++

ARCM is now 11 place on the leader board of days risers.

Could there be a scramble to buy later in the day ahead of next week news?

Rock

yes good points so the question would be do one of the big miners aquire a stake in ARCM or buy them out completely to either

1. establish a brand new cutting edge mine the scale of Sentinal
2. Establish a rail link or haul road system to transport ore from ARCM to their mine
3. Mine out their own mines and then move their whole setup over to ARCM

0.05p spread TIGHT

Ive said the share price will tell us prior to any RNS today first trade full ask and a decent size £9k

takeover target here today IMO

88k buy

no 7am so will they break trend and do an 8am or even midday RNS?

surely has to be Monday?

this could jump to 2p in a flash

did you read the last update what are you babbling on about:

Corporate
Secured Convertible Working Capital Facility:
· £4 million working capital loan facility (convertible at 2p), has been drawn as to £900,000 of which £450,000 has been already repaid in KEFI shares at 2p;

· The financier agreed to share security with Ethiopian project partner ANS Mining as regards their first equity instalment of US$11.4 million (Ethiopian Birr equivalent); and

· The facility's maturity date was extended to May 2020 to provide additional flexibility.

Copper rising again

Amazingly close proximity bodes well when next results land

All day LSE showed no % gain here but Barclay showed up 9%

Now I noticed LSE finally shows a rise how come??

Great find I can see lots movement in gold miners lately.