RE: Intelligent manipulators- KevinKevin,
Re: gold play or copper play
I will continue to view Southern Arc Minerals as primarily an Indonesian gold play overall.
One must consider looking at SA and Selodong seperately, and then we must look at Selodong and the Selodong Intrusive Complex as seperate subjects of inquiry.
Earlier, you wrote:
"I would note, for those who care to listen, that Sumitomo, the Japanese partner to Newmont in Batu Hijau, refers to Batu Hijau as a copper play... oh, that also has gold. Gold glitters, but at present, this is a copper and gold play. All this could change in a flash, of course. Time alone will judge."
The difference in our perspectives can be found within your quote. Sumitomo may very well refer to Batu Hijau as a copper play, and may be correct in doing so, but there is no question that investors view Newmont itself as a gold play:
https://www.smh.com.au/news/business/newmont-wants-to-be-biggest-in-gold-in-the-world/2007/08/06/1186252629463.html
Here is the first paragraph one will read at the main page of Southern Arc's website:
"Southern Arc Minerals Inc is a junior mineral exploration company with its activities focused on the acquisition, evaluation and advancement of mineral properties in Indonesia, one of the world's most prospective mineralized regions. Southern Arc's intention is to advance properties that hold the potential of becoming one million ounce gold resources or greater to exploitation."
The company was listed on the TSX-V in 2005, long before you and I became shareholders. The last sentence above represents the company's primary exploration focus to date. I am ecstatic that the Selodong drill holes have been considered to be "company making holes" and the indicated copper content within this massive deposit (copper-gold porphyry) has contributed greatly to the dramatic, justifiable increase in SP/market cap, no question.
One high grade gold drilling result anywhere near or within the Selodong Intrusive Complex will send this company's SP through the roof. I am more interested in Pelangan or Mencanggah, for example, than Hole 5 at Blongas. Drilling results have already indicated that the Selodong prospect will prove to be comparable to the Batu Hijau deposit, with enormous ore reserves, but high grade gold showings, including the visible gold that Bob Moriarty reported seeing in the roadside outcrops, will create a scenario where prospective institutional investors and analysts will fly away from Lombok in a few weeks with a Batu Hijau in their pockets, and as they punch figures into their calculators, creating numbers full of decimal points that take up the entirety of their screens, visions of those high-grade gold outcrops will be dazzling their mind's eyes.
A single drilling result similiar to that recently reported by PEZ is evidently enough in itself to create a $2.00 or greater share price in the present market. Southern Arc has already reported numerous high grade gold near-surface drilling results at several of their prospects including those at or near Selodong, but the deep drills have not probed further to date- they are fully engaged in establishing our "bread and butter", as you've correctly described it, at present.
From 2005-May 2007, Southern Arc was considered an Indonesian gold play by most if not all. In the last three months, it has been perceived as a copper and gold play by many due to the great success of the Selodong deep-drilling campaign. When one or more of those drills is ready to be moved to a high grade gold prospect and eventually finds high grade gold X length, or if a sizeable high grade gold intercept is reported within a Selodong porphyry finger, the SP will increase dramatically yet again and SA will universally be perceived as a gold play with copper. There is also the prospect of high grade silver X length etc. but if a large silver deposit or vein system happens to accompany a high grade gold result, I wouldn't refer to this as a copper-gold-silver play.
To repeat, Selodong is, at present, a copper-gold play but Southern Arc Minerals remains, overall, a gold play IMO. They were looking for gold and will continue to look for gold. The other minerals that are discovered will continue to add value, perhaps phenomenal value to the company. The company is finding copper, silver, molybdenum etc. incidentally in its quest for large gold deposits in Indonesia.
I am not questioning any of the facts you've presented. It is a matter of overall perspective. We must look to the past and to the future prospecting initiatives beyond proving up the Selodong copper-gold porphyry deposit to form our perspective.
Also, there is nothing wrong with asking (or answering) these questions. I noticed that certain questions have been asked under different headings on the forum and the skeptics will sometimes
answer a question under an unrelated heading for the sake of dragging a negative-sounding question through the forum. In this case, I felt that the bashers are trying to downplay the perception that this is essentially a precious metals play. Perhaps I am mistaken.
https://www.stockhouse.ca/shfn/editorial.asp?edtID=20074
In this regard, a poster was questioning the intraday share price fluctuations on Friday ("Why is this continuing to go down?") and the skeptics were happy to respond to that over and over, dragging that question through the bullboard recent posts on the Stockhouse main page. This created the perception that SA's share price has been sliding for some time despite the fact that we had enjoyed six green days in a row followed by a very minor dip on Friday.
Keep up the great work and thanks for engaging me in your conversations.