AAJ aruma resources limited

Ann: Geophysical Anomalies Over Hi-Grade Cu/Ag/Sb at Fiery Creek, page-2

  1. 4,714 Posts.
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    Morning all.
    I know that most are not impressed with the performance of this company.
    I understand it and also why anyone would feel that way.
    It is easy for me to come in late and have a contrarian opinion as I have not been wounded to the degree of others but we have all been there.

    The reason I am here is the Fiery Ck project.
    I find this a really compelling risk reward.
    If I consider that the mc represents below replacement and add just the FC project, I find it sensible but not for everyone.
    The biggest job now is funding.
    How will they raise funds after leaving such a sour taste without diluting the crap out of it?

    I don't know but this project should be getting some attention.

    Let's look first at the SP performance.
    Disgusting to say the least.
    BUT it does represent bottom fishing, although not without the higher risk.
    The next Q is, has it bottomed?

    https://hotcopper.com.au/data/attachments/6770/6770363-c6177170c0fd44b1dbf560174f881e59.jpg

    The trade off is too good to ignore at this mc.
    Most of you would know how IP in this geology has proven to find the copper that the mag and soils indicate.
    This will not take much drilling to prove the theory.
    They really need to do Diamond so they get a picture unlike RC which leave too many Q's unanswered.
    At this stage and with the reputation they currently have, RC to prove the theory may suffice, raise and then back it up with DD.

    https://hotcopper.com.au/data/attachments/6770/6770365-63633e6249ed1b99bb23663d1c7be64c.jpg
    I took a small position here for this project and look forward to seeing how they fund initial drilling.
    I do hope to see them attract the $ and get on with it.
    I also hope they do not get distracted from this focus until they show some decent results here.
    I am still very intrigued by the high levels of antimony so want to see some answers to that but the IP targets will be the real test.

    Fingers crossed and best wishes for holders.

    Kind regards, Wack
 
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