ORP - Orpheus Uranium

ttnt said:

if both Krombit deposit and the jv with straits resources' reports are good, how much the share price could fly to? 60c, 80c? $1.5 dollar?

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Hi when do they plan to produce/sell?

Earnings and Dividends Forecast (cents per share)
2006 -- -- --
EPS -2.2 -- -- --
DPS 0.0 -- -- --

thx

MS

michael_selway said:

Hi when do they plan to produce/sell?

Earnings and Dividends Forecast (cents per share)
2006 -- -- --
EPS -2.2 -- -- --
DPS 0.0 -- -- --

thx

MS

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I don't think anyone would dispute it is a speculative investment. However, Lake Torrens has to be one of the hottest prospective targets in Australia and has been off limits for 25 years because of Native Title.

ARE now has 2 "active" plays :-

1. Mt Kroombit - zinc, copper .... drill results should be out in the next week or so ... hopefully, this should be ARE's bread/butter play

2. Lake Torrens - Announcement today after a trading halt ... Approval granted for drilling to commence after 25 long years of Native Title issues and Anti Nuclear issues ... in one of the best IOCGU plays in the world ... and only 75km next to Olympic Dam!!!!

Torrens
Monday, 28 August 2006
Drilled by WMC in the early 1980s before the OD style of system was fully understood.
Target is BIGGER then Olympic Dam signature a massive CU-Au target.
Copper up to 1.3% in three holes drilled. magnetite/haematite OD-type chemical front.
Main Native Title Claimant group signed clearence on 5 May 2004. Negotiating access agreements with two other claimant groups, drilling to commence on completion.
Joint venture partner Straits Resources committed to spend AUD$ 7 million to acquie 70%.

Mt. Kroombit
Wednesday, 20 December 2006

Argonaut has completed the acquisition of the Kroombit Zinc -Copper deposit on ML5631 and surrounding tenements in the Gladstone area, Central Queensland.

In the process of testing surface mineralization, previous explorers generated drill intersections including:
Zinc


Zinc: 43.3m at 6.02% Zn from 21.0m including 4.6m at 23.57% Zn from 27.6m
MK17: 74.2m at 3.2% Zn from 3.8m
MK11: 15.1m at 9.15% Zn from 26.4m including 1.4m at 26.2% Zn from 30.6m

AND

Copper


MK03: 14.3m at 3.32% Cu from 20.7m
MK16: 19.8m at 2.01% Cu from 82.3m
MK28: 39.6m at 0.93% Cu from 24.4m

On completion of relevant license transfers and applications, Argonaut will proceed with confirmatory drilling in order to confirm previous Zinc Copper resource calculations.
Power, road, rail and port facilities are all located within easy reach of the Kroombit deposit

only one drill hole released thus far and although zinc grade isn't especially high it is close to surface....a very promising start to Kroombit. Looks good as the insurance position with Torrens the blue sky.

So thats why the share price was going to the moon, insiders who knew about Krombit results,

Glad I had a few tucked away

Torrens should stir alot of interest given previous WMC work and the old Olympic Dam nearology story

Wow, hits the new high, 47.5c, well done.
Its the another first day of T+3 trading, the price could be better.
The volume is quite ok.

GARIMPEIRO has previously described Argonaut Resources as a three-trick pony in that if it wasn't to get some sharemarket applause for its gold/copper interests in Laos, then it would for its Kroombit zinc/copper project in central
Queensland, or its copper/gold hunt at its Lake Torrens prospect in South Australia.

While Garimpeiro always thought that it would be Laos that would be exciting, it's actually been Kroombit and Lake Torrens that have fired up interest
in the stock. So much so that it rose 15.5 ¢ or 54 per cent
last week to close at 44C on Friday.

Laos might yet overtake the other two. But for the moment at least, it is the prospect of near-term production from Kroombit after some strong confirming drilling results (nine metres at 7.1 per cent zinc), and the high-risk but big-time potential of Lake Torrens that the punters are interested in. By mid-November the group should be somewhere near a compliant resource estimate for Kroombit, which in itself would go a long way to justifying the
group's $59 million market capitalisation. Final approval from SA's Primary
Industries and Resources for Argonaut and its funding partner, Straits Resources, to start drilling on exploration licence 3195 at Lake Torrens
isn't hurting either. Fifty kilometres from Teck Cominco's Carapateena copper/
gold discovery and 75 kilometres from BHP Billiton's Olympic Dam monster, the
prospect contains the sort of magnetic and gravity anomalies that get eplorers for so-called iron oxide copper gold (IOCG) deposits excited.
What's more, WMC - now part of BHP and the group that discovered Olympic Darn - punched some holes into the property and intersected what Argonaut says was "intense magnetite and haematite alteration typical of Olympic Dam
and Carapateena". A racier interpretation of it all comes courtesy of the New
Zealand tip-sheet, "Ten Bagger Quarterly". It makes the claim that Argonaut
has about a 20 per cent chance of finding the next Olympic Dam, and an 80 per cent chance of hitting significant copper and gold mineralisation.
It added that if "all dreams come true" and Argonaut hits an IOCG, the shares will be a 75-100 bagger. And if it fails, the downside is modest given the company's other projects.

No argument with that last bit but the 20 per cent:80 per cent
prediction is utter crap.

Re: ARE - Argonaut Resources trading halt

hay guys,
does anyone have any idea the reasons behind ARE trading halt???

whats you views is going to positive or negative news, i have stocked up on ARE last week and i am slightly concerned.

Further samples were due.. They issued the first two, and they were average to improving (second ann)..

They didn't issue a trading halt on the first two cores, so I believe it must be pretty good.

There may be a possibility of some JV (SRL again?), have to wait until Tuesday I guess.

the new placement of 20m share.
One of the major share holder took half amount.
Another two brokers took 5m share each.

ppls are betting on the Lake Torrens and the Krombit deposit

wow, the report look nice
ZINC
• KRRC3: 9m at 5.18% Zn from 0m
• KRRC3: 27m at 1.86% Zn from 35m
• KRRC4: 31m at 2.81% Zn from 12m
• KRRC5: 13m at 5.97% Zn from 0m
• KRRC7: 14m at 6.25% Zn from 0m
• KRRC8: 20m at 3.14% Zn from 0m
• KRRC9: 17m at 4.22% Zn from 0m

COPPER
• KRRC2: 6m at 1.07% Cu from 32m
• KRRC3: 24m at 0.95% Cu from 67m
• KRRC8: 6m at 1.48% Cu from 18m
• KRRC8: 9m at 0.9% Cu from 43m

Go rocky

The Krombit drilling results looks so far so good,
next month, if SRL hits something at the Lake Torrens,
how much the Are's share price would be?

$1? $2?

ttnt said:

The Krombit drilling results looks so far so good,
next month, if SRL hits something at the Lake Torrens,
how much the Are's share price would be?

$1? $2?

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ttnt, when you throw about suggestions of a future sp, they MUST come with some more discussion/analysis than that provided. Cheers, kennas

I have been trying to buy are for the last two days after reading up on Saturday and keep missing out and missing out on these big gains!!! man i am getting sooo angry !!

adobee said:

I have been trying to buy are for the last two days after reading up on Saturday and keep missing out and missing out on these big gains!!! man i am getting sooo angry !!

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I had 100k tucked away from under 20c, sold em all today for a nice 300%+ return

I like the fundamentals of this company, but not at these price levels, mkt cap has just balloned on the back of this Krombit program, maybe I missing something?

Either way can't complain with the profits

YOUNG_TRADER said:

I had 100k tucked away from under 20c, sold em all today for a nice 300%+ return

I like the fundamentals of this company, but not at these price levels, mkt cap has just balloned on the back of this Krombit program, maybe I missing something?

Either way can't complain with the profits

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Can't go broke taking a profit...I don't think all today's rise is just Kroombit, also the fact Lake Torrens is starting immediately, given how highly anticipated this target is, it creates a bit of a squeeze for those who want in. I will keep holding, Lake Torrens is what sucked me in in the first place.

Agree, I am holding a lots more than 1m shares, and going to increase my holding later on for another 200k. I am betting on this one now.

I am not holding any and getting upset.. I thought I would see a bit of a retrace when it was down 3% this morning and now its up another 20%.. ..