We invested into ARV, after we missed Fox Resources divestment opportunity over a year ago ..ARV won the day. It was all pre QH and Novo coming onto the scene and post the consolidation.
We invested in the multi element opportunity which we assessed at the time was integral to the technology metals .. everything other than Lithium. Think of Copper and Cobalt, the Gold was a bonus.
DL did a great job, no matter how he did it as far as I am concerned, to put circa $20M into the ARV coffers with a sale to Kirkland of its Novo shares earlier this year. The funds enable the RH plant to be fully refurbed and set to process ore from the RH environs as well as the Carlow Castle ground shortly there after .
The SP skyrocketed on the original QH Wits 2 theories, as did the whole of the Pilbara potential conglom gold player. Sure there may a amount of massive gold nuggets to be found in the right parts of the Pilbara, but the fact remains Carlow Castle now has proven high grade gold intersections and more importantly the high Grade Cobalt and Copper comprising approximately 10% of the strike length that has been drill tested.
Bulk costean sampling may well be a big problem for the parties concerned .. I noticed 3 different Labs did the analysis .. Nagrom, Intertek and ALS labs .. that poses a problem in terms of standards/duplicates and use of Blanks as far as I am concerned. We use ALS Labs as our preferred Labs in our work .. at least we know how their assays are performed. You cant do those standards on bulk trench samples.
Bulk sampling is never a fine art in my book .. far too many variables to consider, especially when it comes to thin, horizontal high grade gold layers.
Bottom line is that there is a real and upgraded, multi metallic resource at Carlow Castle that can be processed at RH and sold for a pretty penny .. is there anything wrong with that?
That CC resource contains all the EV battery elements plus gold as a bonus. You have Copper, Cobalt plus other metal esoterica. It's a company maker in it's own right. There are many other parts to the ARV tenements not involving gold as the main focus.
Do the other Pilbara gold rush players, such as DEG have Copper and Cobalt and NOVO have Copper and Cobalt as a fall back scenario ...... who has in the latest Pilbara Gold rush? Atlas iron may have some Lithium but not Copper .. the ARV sulphide ground is certainly out of the box .. very close to Port and its own processing plant .. the next step is to create their own electro-winning plant on site at Radio hill, maybe even their own oxide heap leach operation, then, it anything is possible. I think they have the balls and backing to do it!
Borrowing a slogan from a famous sports footwear company .. JUST DO IT!
There is a lot of Gold in non gold deposits. .. a lot more than meets the eye.
Cheers
HR .. just my biased views a holder and an industry player, but not in WA
Just my views .. don't like it , ignore it.
ARV Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
