Hi Pustayo,
If you are a betting man what would you bet on ARV becoming a long term producer of ?
1. Copper Oxide
2. Gold
3.Cobalt
4. Iron Ore
5. Any other metal ?
6. combination of few or all
The area around the Artemis tenements looks like to be quite mineral rich. But management does not appear to have a coherent strategy yet into which field they should focus their attention on. This week it has been cobalt, gold and copper oxide already - next week it would be gold and more cobalt
I think they are throwing the net wide and trying to see which resource they can develop. The market in the meantime is not showing confidence in the company - I think this is from the previous management failures which has led the company from $4 to where it is at. The SP is set to go further down to 0.08c by the looks of it if the resistance at 10c is broken.
Ann: Copper Production to Start April - Whundo Copper Mine, page-26
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