Paul is a comic book fan, and I get the impression he reads comics whilst on his nightshift. That's hardly the recipe for the next Warren Buffett is it, so cut him some slack! |
 Taken from the WH Ireland reports.. The highly regarded Zambia copper project is now being advanced under the stewardship of Anglo, under the terms of the deal Anglo can earn up to a 70% interest by investing an aggregate $88.5 million. We believe the deal is highly favourable for Arc, and ensures the best possible chance of success, the project will be advanced by Anglo’s expert exploration team, supported by funding (on average over $10 million a year) we foresee one of three outcomes.
1/ A major discovery, with Arc owning a substantial stake.
2/ a significantly De-risked copper project too small for a major, but of significant value to a mid cap or junior.
3/ no significant discovery, the project will have been advanced.
WHI view: In our opinion the Anglo joint venture is a deal with no downside, we see fair value at 5.8p/sh, and significant upside potential- the market shows that a significant discovery can result in value up-lifts of 10/15 times. share price on the day of report was 3.6p.
First Zambian joint venture update was encouraging.
First assay results are expected soon. |
Looking at the GGP chart from around 2011 till 2016 it looks and probably felt a bit of a disaster, not that keen on charts myself because at that lowest point, no chart would have predicted the gains ahead, the future shape of the chart, or the size of the gains. meanwhile back here, a while back WHI suggested fair value
(pre-any joint venture discovery) of 5.8p
So was 8P plus high too expensive? Or is just over a penny too cheap? And what are the chances of a discovery? |
At GGP, you forgot to mention the investors that brought in at 0.10 or less.. how many bags would that be? : ARCM 100/1. Where is that number written down? |
Not with the amount of work already carried out on these licenses, both by the Roan Selection Trust and Anglo historically, and Arc. Read FB’s posts on the other thread. |
Forget two tier one discoveries as folk rarely win the lottery twice, but what are the chances of finding even one? As many arcm comments almost have it at a 100% certainty imho, when surely imho the harsh reality based on statistics show its probably something like a 5% chance at best? ROFLMFAO!All imho!!! |
Terry, as you asked about GGP it is a classic example of the Lassonde curve:
Investors who bought at sub 2p in January 2019 and held until January 2020 when the share price reached 36p reaped a 17 bagger during the speculation and discovery phase, and of course it has now retreated back to around 6.3p during the orphan period.Like Arc it took some time to get going following its deal with a major which was announced on 12/03/2019. Like Arc that gave the major the opportunity to acquire up to 70% interest in the JV by spending up to $65 million on exploration compared to aggregate expenditure of up $88.5 million by Anglo (including cash consideration of up to $14.5 million).
ARCM is now in the early stages of the speculation phase with drilling results now imminent and plenty more to follow over the next two years, so only a complete imbecile would short this imo and I will certainly be invested here until one or more major discoveries are made. |
Even the Skipper is calling out Paul for his outrageous accusations regarding organised deramping gangs LoL. This comic book reading nightshift working and I'm assuming minium wage earning idiot really is a piece of work. |
The curve retreats during the studies and engineering phase you melt. Don't lecture folk on the Lassode curve when you haven't got a clue yourself ROFLMFAO |
Go look up the Lassonde curve Terry. Share price usually peaks upon resource definition then retreats as funds are raised for mining, but market cap rises owing to additional shares being issued to institutional investors. Then share price starts to rise again once mine is in production, providing costs are under control and subject to commodity pricing.
Arc are right at the bottom of the Lassonde curve now, with it all to play for. |
Thank you skipper, will have a read up tomorrow.. on night shift now, I was looking at trading economics copper chart, first of January this year $4 a pound, and today it’s $4.28 a pound. |
Here’s an up to date copper chart showing it is on the rise again during the last month or so: so you are wrong again Terry.
Oh and here’s some reading material for you highlighting GGP’s amazing bull run once the assays started flowing following its JV with Newcrest: It went higher still in 2021 and as Arc secured a better deal than GGP the mind boggles at to the returns that shareholders might achieve here by the end of the JV (all dependent on the assays of course). |
You’re barking up the wrong tree there Paul. Papillon is not one of the bad guys. He’s just good at charting and has taken a small position in this stock based on what he’s seen. |
So Papillon who hangs about with the negative Burton ID’s, and told us Arc is not for OAP’s like him, who then showed negative charts and talk down the copper price chart.. miraculously said he took a punt on Arc lol. This year so far copper has risen, but Paps has posted a bitcoin chart? You couldn’t make it up..
But Dave could. |
You know that they're looking for copper m8 and you gave a prediction on everything but ROFLMFAO |
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