Arkle Resources Share Discussion Threads

[currypasty] 16/6/2022 12:45

no one seems interested

[tomboyb] 16/6/2022 11:22

Good RNS -

Killed with spread -

[datahead] 07/6/2022 10:33

Yep hope soon or the price will be zero !

[currypasty] 25/5/2022 14:19

its overdue, whatever it is

[ih_679027] 25/5/2022 14:17

Nearly all buys today and decent volume so something brewing

[datahead] 25/5/2022 12:16

Have a feeling in my bones something will happen soon !

[backbone and clingfilm] 11/4/2022 12:21

Add to that near bottom of chart

No hot money.

Zinc price up going absolutely bonkers and now deemed a critical infrastructure metal in the US

2 x 100% owned gold plays now coming out of winter mothballing

Enough funds for current work programmes.

The saying goes the market is irrational and it undoubtedly is here.

Example...

I’m also invested in a co that is producing great data in breakthrough cancer treatment / asthma but is only valued twice that of a O n G company that has nothing ( WTF?!! ).

If this was already valued x8 at £20M no one would bat an eye lid.

Alas it’s £2.5M

Worth reasearching

[backbone and clingfilm] 11/4/2022 11:13

That Explains why the giant Glencore bid for Stonepark

Ark said yes. G11 said no.

Better grades. Closer to surface. Easier n cheaper to mine = more Wonga

6 hole drill now concluding

I’m expecting the 1st hole drill result from NW kilteely loosely month end.

£2m MC with 5.1mt already bagged is there a better mining play out there.

Stunning reward v risk

[1teemore] 09/4/2022 20:55

The Pallas green resource may be large, however it is in pods unlike Tara which make it costly. Stonepark is close to surface which obviously makes is less costly to mine.

[backbone and clingfilm] 08/4/2022 14:28

Something to chew on as we await the first result from a 6 hole drill

[backbone and clingfilm] 08/4/2022 14:27

Hope you don’t mind a repost of this Gino from 2021. On l s e
Also note Zinc / lead now considerably higher $4000 p/t and the market cap is now majorly lower at £2.5M

My quick calculations:
"5.1MT Resource 8% Zinc - 2.5% Lead
Our 24% = 100kT Zn & 30kT Pb
Zn $2800 p/T = $280M or £205M
Pb $2000 p/T = $60M or £45M
Estimate 80% Recovery = £200M
Minus 30% costs = £140M"

Actual Values:
5.1MT = 8.7% Zinc (440kT) & 2.6% Lead (133kT)
Our 23.44% = Zinc 103.1kT & Lead 31.2kT

88% Zinc Recovery = 90.73kT
80% Lead Recovery = 24.96kT

* Updated for todays metal prices*
Zn $2700 p/T = c$245M
Pb $2000 p/T = c$50M
Say c$295M

Processing cost of US$21.25/t
Mining cost of US$46.50/t

1.195MT (23.44% of 5.1MT) pay material
Multiplied by $67.75 p/T combined costs
= c$80M

So....$295M - $80 = c$215M (£157M)

Irish corporate tax is 25% of the £157M = £118M clear profit.

Not too far away, but the question is, how much will sell £120M net profit for...... Is say £30M isnt asking too much really.

We have a £6M MCap hahahahaha

Can you imagine if this inferred resource, is upgraded in the expected drill results RNS, this month....... WOW!!!!!!!

[backbone and clingfilm] 05/4/2022 16:15

Also 2 x 100% ARK owned gold prospects in Ireland now coming out of winter mothballing. Exciting times ahead.

[backbone and clingfilm] 05/4/2022 15:43

Pallas green vs Stonepark.

And why there are great hopes for the latter.

Pallas green resource ( owned by Glencore ) is large at 45 mt

Stonepark ( owned by ARK and G11 ) is much smaller at 5.1 mt

The drill objective is to find the theoretical mirror image of Pallas Green which would increase the Stonepark resource considerably, possibly into a world class Tier 1 mine.

Stonepark resource vs Pallas Green ( so far) is also higher grade and shallower depth meaning it’s easier and cheaper to mine, therefore even more economically lucrative.

Knowing that it’s easy to understand why Glencore bid, and had it rejected.

Would anyone bat an eye lid if this was already a £20m MC company instead of £2M ?

Current Drilling almost complete.

I’m expecting first results from the 6 hole drill loosely around month end.

[thejaba] 18/3/2022 14:39

Really good post and it looks v v undervalued even on the most conservative metrics.Looks like the move has started

[backbone and clingfilm] 18/3/2022 13:42

WHAT IS ARKS 23.44% SHARE OF STONEPARK ZINC PROJECT WORTH?

IS IT UNDERVALUED BY A FACTOR OF 5 to 10?


This is from June 2019.

Fag packet inferred value.

As of June 2019.

N.B spot Zinc was around $2500

It’s now around $3800

A 50% plus increase.

Firstly, an article from June 2019…

ARKLE: “Alternatively, we could take the option to dilute (our share of stonepark . If we chose to do so, to put it in perspective, Group Eleven – or any other investor in the project – would have to spend a further 1M euro to take Arkles share in the project from our current share of 23.44% to just under 21%, 2M euro to take it to just under 19% and so on. If expenditures of that scale and beyond are being made in the project then we see the overall value of the project being re-rated,” said Arklkes chief executive Patrick Cullen..”

So, implies every 4.5% (roughly) is worth 2M euro.

Arks holding is 23.44% divide by 4.5 = 5.209 x 2M euro = 10.48M euro.

Converted to GBP at .84 = £8.8M GBP

Current MC is £2.5 M

So a 3.52 x bag increase from current .75

=2.64p per share

+50% increase in spot Zinc to todays $3800

=3.96p per share.

A 5.28 x bag from current .75

I believe the article figures stated above by ARK are the figures Glencore offered to Group eleven. Group Eleven turned it down as an undervaluation, and they stated "we want to find the big one." ( a reference to the current drilling and sought after mirror image of the large Pallas Green project of 45m mt)

My figures above based only on the 5.1mt inferred resource. Any resource increase derived from the current drilling towards the desired 10mt to make it commercially viable would see significant uplift to those figures.

The current drill is in a Zinc rich area that has already inferred a resource of 5.1mt. The feeling is 'when' not 'if.'

Current drill is seeking to find a mirror image of the Palas Green resource of 45m t.

Given the size of the prize and the fact G11 turned Glencores offer down I think it not unreasonable to assume a current value upto twice that of 3.96p or 7.92p.

A 10 fold increase.

These figures exclude ARKs two 100 % owned Gold projects in Ireland that are now coming out of winter moth balling.

Something to think about.

NAI and as always DYOR etc

[b11gcy] 14/3/2022 16:24

Will This EVER move up. Got to be the most boring share in my PF and yes I've got some really boring ones lately but this one is right up there. Not bought anything since the start of the year as waiting to recover some losses from last 2 years since covid and start a really strict strategy when I do buy again. Any incoming news on this after last rns?

[backbone and clingfilm] 23/2/2022 16:08

N.B. ARK currently drilling the “compelling” kilteely hole

“As we have said in the recent interim report, there is significant interest in the Stonepark zinc project,” said Patrick Cullen, Arkle chief executive.

“The established resource is higher grade and lies at shallower depths than the adjacent Pallas Green deposit.”

Cullen added: “The recently drilled 'Kilteely hole' intersected the outer margin of potential new Irish-Type zinc system and there is a compelling case for further deep drilling in that area.

“We look forward to further updates."

That from 2019. Currently drilling the kilteely hole.

Pallas green is 45mt owned by Glencore. Stonepark is higher grade and shallower so easier and cheaper

[fenners66] 22/2/2022 07:20

Another 10% or so dilution so it can be spent on working capital - how much are admin costs these days ?

[backbone and clingfilm] 14/2/2022 19:49

Bonus. Chart at the bottom. #NoHotMoney. #PerfectStorm


Spectacular action likely

[backbone and clingfilm] 14/2/2022 18:02

Worth noting

Tiny £2M MC

Stonepark Zinc project drilling now underway

5.1mill tonnes already discovered

ARK own 24 %

G11 76%

Michael Gentile expert small cap mining investor has just participated in a G11 fundraise to maintain his 17% in G11

Ark have chosen to participate to keep our 24%

Spot the theme.

The giant Glencore took 26% of G11 and offered to buy the lot. ARK said yes. G11 no.

Possible Tier 1 here if they strike. That’s 100’s millions pa rev

A 10 bagger takes it to £20m MC

And another 10 bagger on top to take it to fair value with such a strike.

Aka 100 bagger.

[backbone and clingfilm] 10/2/2022 09:41

Ark tweet 10 mins ago.

Kilteely hole interpreted as outer margin of potential new Irish-type zinc system

Large scale - at least 1.6 km laterally and 230m vertically

Strong hydrothermal activity

[backbone and clingfilm] 09/2/2022 20:29

December presentation.

Stonepark Zinc Darling underway

[fiachra] 03/2/2022 15:47

Heavy trading in Group 11 in Toronto yesterday and today

[backbone and clingfilm] 02/2/2022 17:38

G11 mission...


"Re-write the book on Irish zinc exploration by using out-of-the-box thinking, the latest information and cutting-edge technology. Apply this to our strategic land package via a two pronged, parallel approach consisting of regional-scale thinking and near-term growth though drill target testing and resource expansion.

Ireland is an infrastructure-rich, first-world jurisdiction hosting some of the worlds largest zinc deposits. The deposits tend to be metallurgically clean, helping minimize impacts on the environment. We are situated adjacent to existing deposits, lowering our hurdle for exploration success"

[backbone and clingfilm] 02/2/2022 17:27

glencore hold 26 % of G11

michael gentile 17 % of G11

michael gentile is an expert investor in small cap mining

and the giant Glencore arnt dummies.

Ark own 23.44 % of the G11 controlled ( with 76 % ) Stonepark asset

follow the money..



a bid was made. Ark said yes. G11 said no.

why did G11 say no?

G11 state they are looking for the big one.

They're going for glory

G11 Vision statement...

"Discover Ireland’s next big zinc mine in order to generate exponential shareholder returns and local economic benefits."