Based on the market cap from Torrens days (2018-2019) the drilling for copper in a promising zone (such as Torrens and copper belt in Zambia) the SP could have been around 1.5c now, this is just with the drill turning. Now, we are in the bang middle of the copper belt in Zambia and in between some producing big mines, add to that the visual significant mineralisation for 9 out of 10 holes as of the time of the last report and the fact that economic conditions are right, one would expect, just now and before lab results (of course), the price to be (much) higher (than 1.5c even), again based on the potential here.
Unfortunately, for the better or worse, gone the days of naive mum and dad investors falling for hundreds of dodgy small cap company (directors) which IMO were there just taking advantage of the inexperienced and milking the market purely for salaries.These days even the mum n dad investors are very experienced and seasoned and additionally, are more conservative in their approach to investment, and for example more likely to invest in property in the last couple of years. The more adventurous investors in the small cap spec sphere are younger investors but they are going for crypto (including crypto property not just coins - Yes, you can buy a property in the virtual space, which does not exist - just like crypto money ... and you can even build a factory on it or start a farm!!!) ...
So, all that means, ARE, as an exploration small cap spec company, the SP will not show the potential value, till we "show the money", that is, till lab results confirm visual results, ... and then, hopefully and as anticipated, everyone will come to the party, ..., and by definition, some will miss the boat.
There is a scenario however, that early lab results may not be flash (I am guessing 9/10 "good" holes was referring to 2nd and later holes). This may allow some market play after an initial increase and once all results are in, or one definite reslt, we then take that leap of faith. We know one of the later holes was open at the end as they kept drilling to 300m, I understand encouraged by "significant visual mineralisation".
Don't forget we are drilling at two sites.
And while I am here, all this is encouraging as news so far indicates, we have had a complete drilling campaign (it seems), which is refreshing after previous mis-haps.
So, once again, only 1 in 50 explorations succeed. This may be it for us but then again, this is not for the faint hearted.
P.S. my early paper contracts for ARE (before name chsnge) have gone yellow!!!!
