They have cash backing of near 30c ps... enterprise value on the HUGE amount of leases, assets and exploration upside is very very small. Huge JORCs coming and plenty of upside in this play.
Also the cash backing makes me pick up more and more everytime it heads under 40c. As risk reward wise it a huge winner at these levels. True trading range looks to be 40-50c, yet loving the odd pickup when very unloved and heads under 40c.
Had a great Q&A back from the Directors that made me a lot more positive on the ST to MT outlook. Naturally to reach production it will be a couple of years yet 10 bagger in the meantime. Huge JORCs IMO and plenty of upside to come. Currently very very unloved.
It will become loved again> I thought the Copper find would bring more attention yet looks to take a bit more than that to gain extra attention.
Many a broker has these guys on their watch list- watch the volume increase for upcoming ANNs IMO.
Cheers JAY
ARM Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
