Arc Minerals Share Discussion Threads

[bigboots] 28/6/2018 15:36

Great upgrade here...… but..... the grades were really disappointing

Not sure why you say it a game changer

[maverick247] 28/6/2018 15:25

Next up zamsort drilling, possible sturec sale following andiamo sale, SML production plant ramp up and possible CASA JVBoy nick's delivering

[fatboy1nc] 28/6/2018 15:06

Bob... +30p easy. By rights we could have seen 30% + today. But as I've told you new and old holders we have a problem with one mm holding this down. Lubos had a massive short which is now going him problems . 5 -10 p envelope . Which will come, just a matter of time .

[bobby1904] 28/6/2018 14:54

Nick Von S on Proactive Investors interview today. Resource upgrade at Akyanga is a "game changer". Value to ARCM c. Same as current £25m mkt cap of the company!! NDA been signed with a potential buyer/JV partner (inference is Chinese). Then if you add in share price Angel note today describing Zamzort as being worth many times the current mkt cap the target share price here must be 20-30p easy!! Zamzort drilling to start next few days. First assays August.

[cpap man] 28/6/2018 10:45

"As a wild guess we would estimate the Zamsort asset to potentially be worth many times the current market capitalisation of the company and for the drill program to start to demonstrate this relatively quickly."

[cpap man] 28/6/2018 10:40

Arc Minerals* (ARCM LN) 4.5p, Mkt Cap £25.3m – Arc reports rise in Akyanga gold resource to 3moz at 2.26g/t

(Arc holds around 73% of the Akayanga project)

Arc Minerals today report a massive increase in their gold resource at Akyanga (Missi) in the DRC.
The resource goes to an eye catching 3moz grading 2.16g/t on the assumption of a gold price of $1,500/oz used to reflect a longer-term view of the market.

The company will now proceed with a scoping study for a 150-200,000oz pa mine.

A previous scoping study showed 1.2moz of contained gold using a less aggressive $1,300/oz gold price.
We look forward to further detail of the high-grade portion of the Akyanga project which is critical from a future value and cash flow perspective.

Early production from the higher grade area could help to reduce initial capital costs and enable a lower risk approach to ramping up production at the project.

Banro operate the Namoya mine in the region producing at a rate of around 180,000ozpa. We would expect Akyanga should produce a slightly better head grade than the Namoya gold mine which runs at around 1.8g/t.

Conclusion: while the new gold resource at Akyanga in the DRC is an eye catching number, real value should come from the recently consolidated interests in Zamsort in Zambia where ARC.

ARC are currently drilling the Zamsort asset and we expect to see some very interesting numbers from this drill program.

As a wild guess we would estimate the Zamsort asset to potentially be worth many times the current market capitalisation of the company and for the drill program to start to demonstrate this relatively quickly.

*SP Angel acts as nomad and broker to Arc Minerals

[1savvyinvestor] 28/6/2018 10:00

just on this update Casa value alone is above current market cap!! 10 p will come quickly imho

[1savvyinvestor] 28/6/2018 09:58

Bad luck deacon. Hope you got some before this news! ;

The increase in Akyanga's JORC mineral resource from 1.6m ozs to 3m ozs is a game-changer for us and has exceeded our most optimistic expectations. The increased ounces and grade has the potential to significantly enhance the economics of developing the mine. We shall now commence with a scoping study, targeting a 150koz-200koz per annum low cost gold operation, to be completed by year end.

[fatboy1nc] 28/6/2018 09:53

Added this morning to original holdings . Excellent progress. Well done Arc . Also well done all Otc holders. May all your patience be rewarded.

[maverick247] 28/6/2018 09:27

Lol read my posts at 2p !

[potential] 28/6/2018 09:16

That's Jorc resource update is enormous!!! CASA alone is probably now worth double the share price of the whole company ignoring Zamzort etc. This is HUGE NEWS!!!!7p plus definitely on cards. I did say we were heading g in that direction read my post from early on in week :-)

[cpap man] 28/6/2018 08:50

Nick von Schirnding, ARC's Executive Chairman, commented:

"The increase in Akyanga's JORC mineral resource from 1.6m ozs to 3m ozs is a game-changer for us and has exceeded our most optimistic expectations. The increased ounces and grade has the potential to significantly enhance the economics of developing the mine. We shall now commence with a scoping study, targeting a 150koz-200koz per annum low cost gold operation, to be completed by year end.

Our ability to upgrade this significant, near-surface gold deposit in such a short timeframe clearly demonstrates the largely untapped potential of both the Akyanga project and the 55km long gold belt within our 133km2 mining license area.



We look forward to updating shareholders on further developments at Casa as well as at our Zamsort copper/cobalt project where drilling is about to commence and completion work on the plant is underway."

[the deacon] 28/6/2018 08:48

Agree the mcap should be higher here. Even more so should HZM. 30-40m is fair here at this stage of development.

[bobby1904] 28/6/2018 08:33

Totally agree. I've been saying for months now that we should be at 10p this year. I'm even more confident of that now!!

[maverick247] 28/6/2018 08:29

This should have a cap higher than ggp who dont have jorc yet 8-10p imo especially as zamsort is the tier 1 asset

[ifthecapfits] 28/6/2018 08:19

woo hoo. Great start to the day.

[maverick247] 28/6/2018 08:06

Apart from hzm this will be the best aim perfomer over next 3-6m imo

[cashandcard] 28/6/2018 07:58

My word, that is some increase!Cash

[bobby1904] 28/6/2018 07:53

5p plus definitely on cards. That JORC resource upgrade is enormous!!! CASA alone is probably now worth double the share price of the whole company ignoring Zamzort etc. This is HUGE NEWS!!!!

[parsons4] 28/6/2018 07:31

bsg I think you may choke on your words this morning !! I nearly increased my holding yesterday I wish I had because even without todays RNS they looked like they were going back over 4p. Now I think 5p is on the cards today. A great medium term bet on Gold and very undervalued IMHO

[maverick247] 28/6/2018 07:27

3m oz jorc :-)That would be $250m in revs at a 200k oz pa operation at 1275 goldSay a conservative margin of 25% That would be $50m profit pa Another game changer

[bsg] 27/6/2018 19:39

I think 3.5p is likely over the next few months. There may well be some large spikes on the way.

[1savvyinvestor] 27/6/2018 06:27

Let's have a small wager with deakon! I don't reckon he will get his 3.5 entry point but he's been right about the pull back . Back over 4p today or will he get his entry price ? My bet is no!

[potential] 26/6/2018 23:52

No chance of it going back there pal !!last before we leave the 4p station

[potential] 26/6/2018 21:40

This will be the AIM darling of 2018 this stock!! You've all been warned :-)