CYM 8.16% 4.5¢ cyprium metals limited

lets get this party started eh, page-11

  1. 4,476 Posts.
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    Fox .. ARC have done loads. I have held for years and back some years ago, ARC had discovered, built and nearly produced a high grade underground gold mine in Indonesia.. Cibaluang. ARC did bring ore to surface from one shoot, but earlier on due to poor ground conditions and a contractor that messed things up and was pulled off location at the contractors own expense, ARC run out of time & ANZ backing and in the end had to pass on the mine to Antam. ARC would have had a producing gold mine, plus the drilling that is happening now ! The gold was even higher grade than expected and Cibaluang still had not been fully drilled out, which Antam is looking at doing now. ARC have good management, with gold finding in Indonesia experience and by end of June 2011 will have 3 rigs drilling. Yes I agree and told ARC that it has been a very poor performance so far this year with the drilling, but in the end, exploration success will make us all quickly forget about the slow months of March, April, May.

    ARC management has bought the company back from the brink of ruin, and now have set ARC up for a shot at something huge.

    I say again, that in my view by the "end" of 2011, ARC will be the best performing Gold exploration company on the ASX. ....... We will soon know.

    Only my views .. DYOR.
 
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