It is a stretegic investment so I maintain a large holding in ARM Jayinaussie. I was attracted to ARM not only due to its manganese projects but their entire portfolio of tenements in WA, including the Talga Fault.
As for $340m that was based on using other manganese players market capitalisation as a benchmark to give a guide and nothing more. Until they prove a resource I cannot value this company based on a production scenario.
The next round of drilling of 20,000 metres will test the high priority EM targets in the detrital zone and along the mineralised horizon, plus infill drilling determined from the first round of drilling.
I also understand that the company is already planning drilling programs 3 and 4.
Dont forget about ARM's investment in DSN who will be drilling Camel Hills shortly.
In my opinion ARM is very good buying at these levels.
Cheers
Aksier.
It is a stretegic investment so I maintain a large holding in...
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $9.585M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $22.14K | 2.127M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2235579 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1006834 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ANX (ASX) Chart |