BJ and LB Good to see some one is still interested in ARC I've...

BJ and LB

Good to see some one is still interested in ARC

I've read the quarterly again; results from two holes yet to come and a bit more drilling after the holidays.

Really, just looking at the results, they confirm where FMI and Antam were back in 1994 - 95.
Small veins, patchy grade, probably too deep in the system for Cibaliung type veins. I don't think this is what the tractor boys are looking for! But, drilling continues and I may yet be proved wrong.

Porphyry Copper is the real target here.

Which brings me to the rest of the quarterly. Nothing to look forward to there, just a dispirited wish to attract JV's.

BUT ATTRACT THEM TO WHAT?

Mt Garnet will not turn them on.
Management expertise won't turn them on.
Cash at hand won't turn them on.

The porphyry target is the only decent thing they have but it will require big bucks to explore for it and Anglo walked away for reasons more related to location than prospectivity. I suspect it will be a hard sell for an almost defunct ASX listed company. Why do a JV, just wait or them to fall over and pick up the ground in your own right.

All the best,

MG