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Not sure what you mean by risk = time but for me all the risk is entirely on the side of time. Not being given enough time that is. I support you view and your more enduring approach to this investment. Some wish to chop the tree for the wood while other show patience knowing that at some point it will start producing a perennial crop. If we are allowing the later to happen the bounty can then hopefully be able to be shared in a wider fashion and we will all become part of a true real success story.

cont. ...Beruang contains 8 mineralised zones and received 17 field visits from majors. KLG profile. WMS october 2006

Camp (also District): A genetically-related, spatial cluster of ore deposits, typically of the dimensions of a few km to a few 10s of km. It is proposed that the geological meaning of a camp is a single, underlying fluid reservoir. "...the main point to note is that our Cu prospects are extremely large and have been compared to Batu Haijau, Indonesia's 2nd largest Cu mine after Grasberg. It is worth noting that Newmont spent US$2 Bil developing it in the 90's it was thought to be over capitalied. Market conditions today have turned the mine into a money spinner and vindicated Newmont' s decision to develop the project at such a high price. This is why our Company is attracting joint venture suitors and is in a position to emply experts like Dr Pollard to pull together data and help prioritise key prospects.

Dr Pollard was asked to produce an independent report on the KSK Contract of Work following a decision by Oxiana Ltd in December 2007 not to exercise its joint venture Option at KSK. Oxiana had previously spent US$2.5 million drilling 16 holes to test the four highest ranked copper prospects which failed to indicate the presence of a shallow style economic porphyry deposit. Dr Pollard's report states that while several parts of prospects were downgraded by Oxiana's work, there are a number of untested targets at the KSK Beruang and Baroi prospects supported by KGC's earlier work as well as the recommendations of its consultants. "Dr Pollard supports the view of our own geologists that there are still valid known targets to be tested within our main prospect areas," commented CEO Rahman Connelly. Jan,28,2008

Mindanao, thanks. It may not sound like it but I also wish Tony success.I am hoping that Tony has matured into a miner like you said. May he be a great one even as indeed Tony has good organisational skills. But it is a tough business and as you would know mining by its nature is a new wealth creator. Such that it invariably arouse keen interest especially if there is great upside potential like ARS has. Not to get swallowed before we had time to grow a management of the highest caliber will need to be called on together with a very astute choice of personnel and accurate assessment of their soft skills. IMO that is when a good manager becomes a great one.

mfm. It bothers me that you think that way so let me add one more thing. I posted that interview with O.Hegarty and his" 8 things investors look for when prospecting mining projects" because ARS fit in like a glove. The other thing you may or may not be aware, regardless of the complete trust you have for Tony is the difference between Owen and Tony. Oxiana was successful PRIMARILY on the back of Hegarty' huge ambition as it is widely recognised . In my view as both Tony and Owen are still close, any scenario is possible. Hope you do not mind me too much. Cheers

mfm. I don't mean it at all to come out that way. Sorry

Which one is steering the ship to success that is? :=)

Which one is stirring the ship?

Why people keep associating Oxiana success with Tony? Below is what M. Kidman wrote about OXIANA in his book " Master CEO's" : ..Hegarthy bottomless reservoir of energy and excitement have SINGLED HANDEDLY lifted OXIANA, or the Mighty Ox as he likes to call it, from a single exploration company to Australia's largest diversified base metals group.. Chartist asked an interesting question (see my last post) maybe this goes partly to answer it. Tony and Owen may have been a successful team but that was Owen's team while Tony as a leader and his selected team has yet to prove itself and that fact maybe reflected in the company sp. Tony as manager is first class no question, but as supremo? lets hope.

"Nobody likes me :(( Quite surprized to see that Asiamet remains so uninspiring for bigplayers and far under their radar. You would expect different with these bespoken miracle like resources." Interesting comments Chartist and there is one possible answer I have alluded here on 3 previous occasions but for fairness sake will not repeat . NOW THERE IS BELOW SOMETHING EVERYONE HERE could FIND INTERESTING and relevant. ( something else previously I indulged myself writing on this chat as someone who is a (possible) candidate looking over our shoulders :=))))) :=(((( 8 things investors look for when prospecting mining projects - Owen Hegarty EMR Capital https://www.youtube.com/watch?v=IKgznYtYlqA

No free lunch realite. http://world.einnews.com/article/448457559/hVIT3bB-slzRHsiI?lcf=aQXEpy7bz8uWEz6I_cIk1hgiukZhItDMvj0LKQ7YI_8%3D " Because of the high rainfall, the rugged terrain and the seismic activity, Freeport avoided the usual techniques of waste disposal, involving retaining wastes in enormous piles or under water behind dams, and simply threw its tailings (fine wastes) into the local river system instead, causing grave environmental damage and destroying local livelihoods. In order to keep the mine working in the face of opposition from the people of West Papua, the area around the mine was militarised. Military control has resulted in multiple human rights abuses, including many killings "

Totally agree. The name Manini has never being highlighted along the name Oxiana. Owen H. was the name. Pointed out before, imho this is Tony's golden opportunity . I am talking about him taking a place on the world magnate's podium, no less. To boot he also happen to be one of the largest ARS investors. So selling and miss out ? Who would ? There are now many investors who begin to see the picture but are still to read the subtitles. Good luck all.

...�BKZ remains open in multiple directions and all geological indicators suggest the BKM-BKZ corridor and multiple surrounding targets will continue to deliver further substantial growth in the Company's mineral inventory over the coming months and years.... As you know I have been full of enthusiasm for this venture. At the beginning I was accused of ramping. Now you know better and I am very happy for all who have since then stayed the course. The difference I think was due to the fact that I have assiduously followed this development from its beginning and had historical information. Never was my intention to try to persuade you to buy ARS shares but rather ALWAYS try to persuade you not to sell. In fact if I could I would have tried to persuade you never to sell out, ever, at least not whole of it. This is your Company: You look up to it it will surely look after you. All those years ago I heard what Mansur Geiger said about KSK and I trusted him.(Luckily I know him personally) Now echo of what he said are reaching us... But not everything.. not yet.. although I figure Peter is really trying hard and hope for the penny to drop. Good luck all.

PROJECTS KSK - other

Good work, even a first time mention of BERUANG TENGAH. BK not so little sister. Love it. This could be next in line . Make no mistake, we are here witnessing history in the making

Independent report prepared by SRK consulting (Sydney) 15 June 2006 14 CONCLUSIONS and RECOMMANDATIONS 14.1 KSK CoW The regional geological setting of Kalimantan and the geological setting of the KSK CoW is consistent with a geological environment where economic porphyry-style Cu-Au, intrusion-related vein systems containing Cu-Au-Zn-Ag and high sulphidation style Cu-Au-Zn-Ag-Pb mineralisation is prospective. Exploration undertaken by KGCL has identified a number of mineralised centres that show evidence of these styles of mineralisation. The exploration work has been undertaken over a number of years and has advanced a number of prospects to the point where geological models and the extent of mineralisation can be tested with further drilling. The geological information retrieved from exploration to date is not sufficient at any one of the deposits to enable mineral resources to be delineated. Given the remote location of the KSK CoW, it is likely that a large deposit would be required to provide a resource that could be mined. Large deposits of gold and copper (within the top 10% of deposits by grade and tonnage) do exist in similar geological environments to that in Kalimantan and a number of the characteristics of mineralised porphyry copper � gold and intrusive related copper � gold � silver systems are present in the KSK CoW. A significant budget would be required to explore for these deposits in an environment where exploration is largely helicopter supported. SRK considers that the work done to date in the KSK COW has been of a high standard and has generated many targets. It is SRK�s opinion that the proposed program of review and consolidation of the KSK�s position in Central Kalimantan is worthwhile. The program will enable a review and ranking of exploration priorities in the CoW, which would be of great value in prioritizing targets

I know I am always referring to old documentation. It is my way of contributing. For you perhaps It does not concretely confirm nor deny anything but for me along with the others who have been on this long ride they have been sign posts. For all those that jumped on board more recently the journey has been much shorter and maybe some of you are still unsure about what the signs are saying. So it is my privilege to share with you that indeed you are not misreading. We are about to hit town. A word of caution though, imho we have only reached the outskirt. Good luck to all.

or the other way around? JKT Nov. 1999 KLG Chairmans address (part) ....Exploration activities in the Beruang area since 1997 have identified several zones of high grade Cu,Au,Zc and Ag mineralisation within a large area some 11x7 Km. Initially these prospects were considered to be independent of each other, however during the past 9 months intense studies, data compilation and assessment by both company' s geologists and independent consultants, have lead to an understanding that the prospects are most probably of ONE MINERALIZING SOURCE and that the BERUANG potential is MUCH LARGER than originally thought.... The proof is finally emerging. Be smart don' t sale no matter what! Good luck to everyone.

Who knows you may well be correct but your argument falls flat when it comes to ARS. ARS has never being your average Company and that opens the way to do things differently. To get an idea about what I mean go check Daisan's post Sat 11:01 and see how smart people like to try things in order to avoid the possible pitfalls. BTW Fincairn is certainly not ramping. He is just convinced and here is a tip just for you: why do you think the name of the Regency where KSK is located is called " Gunung Mas" (check the translation/ mas stand for emas btw) A coincidence maybe? maybe not!