Iron ore, ilmenite, titanium sponge - not the latest special offers from Tesco but the range of interests that the Peter Hambro Mining offshoot, Aricom, has up its sleeve. Revenue generation is not far away and the potential seems to be limitless.

Also the chart has broken the 65p resistance, it should be interesting to see if the sp can stay above it. The Dow Jones was down again 71 pts today.

Morning pumben. Well despite two days of falls on the wider markets TIO continued to make ground and is firm so far this morning. To be honest I don't know why the sales have taken place but at the moment it doesn't seem to have had a detrimental effect on the SP.

Up another 1% to 71.50p today on volume of 3.5 million.
The chart is looking good & sp still seems to resist dropping when the FTSE has a bad day. Am very tempted to hang on to my stock to see if queen1's prediction of 90p is realised, but if we have a big market correction then TIO is going to suffer along with the others, as shown by the August blip when 'sub prime' hit the headlines.

Hi HARRYCAT. Yes, if there's a big correction all boats will sink on the lowering tide and TIO will be no exception. Having said that, and to maintain a nautical theme, the SP seems to have a fair wind behind it at the moment and as the company enters the main market good things may be on the horizon.

Wardell Armstrong review of Aricom's assets:

Aricom plc today announces that Wardell Armstrong International ('WAI') has now completed its Mineral Expert's Report ('MER') on Aricom. The MER forms part of the prospectus for Aricom's admission to the Official List and move to the Main Market which has now been approved by the UK Listing Authority. The full prospectus can be downloaded from Aricom's website and the below is a short list of selected highlights:

- Reserve and Resource estimates to JORC standards totalling 918m tonnes of ore
Aricom Group Resource Summary (in accordance with JORC Code 2004)
Tonnes % Fe Contained Metal
(Mt) (Mt)
Measured 55.65 33.4 18.6
Indicated 321.43 38.9 125.0
Measured & Indicated 377.08 38.1 143.6

Inferred 540.9 28.0 151.7



- K&S

o 'The two deposits host a large reserve and resource base that will be operational in 2010 and demonstrate highly positive economics.

o ...given the considerable amount of work completed at Kuranakh over the last 2 year period, WAI believes that Aricom should achieve the licence requirements at Kimkan and Sutara.'

- Kuranakh

o 'Kuranakh is a medium sized titanomagnetite deposit which is at an advanced stage of development with open pit mining due to commence imminently. From the site visit, it is clear that Aricom has demonstrated the ability to bring a Greenfield asset into operation. The project benefits from its resources base and good access to infrastructure.'

o 'The operation should begin to generate positive cash flows in the second quarter of 2008 when the first concentrate shipments are sold under the off-take agreement with China National Gold. Once full production is reached, a net operating profit for the Kuranakh project (minus capex, taxation, etc.) of around US$6.0m per quarter, or US$10.0/t ore mined, can be expected.'

- Garinskoye

o 'Garinskoye represents a large magnetite ore deposit, which has considerable exploration potential. The project is at an early stage of development, but greatly benefits from extensive exploration work which has already been undertaken in the Soviet era. WAI consider that the exploration programme adopted by Aricom is appropriate in order to both substantiate previous exploration drilling and improve confidence in resource categorisation.'

o 'During 2009, it is planned to begin mining the high grade near surface ore at Garinskoye. This will generate approximately US$33m profit during the year and contribute towards the full scale production development of the mine.'

- Bolshoi Seym

o 'Previous metallurgical test work has shown that, as with Kuranakh, it is possible to produce a 62.5 per cent. Fe concentrate and an ilmenite concentrate with up to 49.9 per cent.TiO2.

o WAI considers that this project is in the early stage of exploration. It is a large titanomagnetite iron ore deposit, which has considerable merit and therefore potential, and as such justifies the exploration works which have been proposed, both to confirm the potential resources of the deposit and improve confidence levels in those resources that are present.'

The contents of this announcement have been approved for release by Owen Mihalop of Wardell Armstrong International. Owen Mihalop has consented to the inclusion of the material in the form and context in which it appears.

Jay Hambro, Chief Executive of Aricom plc, commented: 'Wardell Armstrong has now carried out an independent review of the full group of Aricom's projects and summarises it as a 'sound portfolio of mineral deposits' that could 'based upon performance to date and the current status of each of the projects, be developed into operating mines generating good returns for the investors'.

The report further demonstrates the value inherent to the Aricom asset portfolio and I believe it shows a quality portfolio of projects, with near term cashflow, feasibility stage, development, and exploration stage projects ensuring continued growth through the next 4 to 5 years.

Aricom is pleased to have reached this position where our scope for growth through our well balanced portfolio has been independently audited, and we look forward to benefiting from the great competitive advantage we have with regards to our location on China's doorstep. With the combination of this suite of assets and over half a billion dollars in cash, I believe we are well placed for the future.'

An excellent day today for TIO with the release of the Wardell Armstrong review. The future looks very bright indeed, especially with half a billion dollars in cash. I may be reviewing my 90p target upwards past 1 now:

Aricom PLC said its reserve and resource estimates to Joint Ore Reserves committee standards totals 918 mln tonnes of ore, adding it expects continued growth through the next 4-5 years.

The Anglo-Russian mineral exploration company said the operation at the Kuranakh ilmenite and titanium magnetite project in the Far-East of Russia should begin to generate 'positive' cash flows in the second quarter of 2008 when the first concentrate shipments are sold under the off-take agreement with China National Gold. Once full production is reached, a net operating profit for the Kuranakh project of about 6 mln usd per quarter can be expected.

As per Wardell Armstrong International's review, Aricom has a 'sound portfolio' of deposits, the company said in a statement. During 2009, Aricom plans to start mining the high grade near surface ore at Garinskoye project, which will generate about 33 mln usd profit during the year and contribute towards the full scale production development of the mine. Looking ahead, chief executive Jay Hambro said the company has over half a billion dollars in cash, adding it is well placed for the future.

Up into the Main Market today then and another small rise :-) Any ideas as to why it's had to change its epic to ORE?

here's a decent chart for you all ..... quite encoluraging, and a stock well worth watching

IAN .... if you are montioring this at all, please can you change the header EPIC to ORE as TIO has been "discontinued"


Others .... very good indeed to see sp breaking back above all key DMAs ..... if this can be held through the close, then there could be quite a lot of upside potential

This stock has moved from Aim to the main market,hence the change in code.
Any forecasts on the upside?

chart tells you all ..... certainly likely to be quite strong resistance at 84/86 and maybe to a slightly lesser extent at 74/76

IMO these are only going one way which is north. As per a recent Shares mag article this could be the next big mining house and I believe that by the end of the decade the SP will be over 10. There will be many slips and slides on the journey but I'm in for the long-haul and am very excited about the prospects.

Yes, I tend to agree.Looking at things in a broader sense,I feel that Russia ,where many of these untapped mining stocks are,will be playing a much increased part.

IF stability is indeed slowly returning to the markets, then there are many worse commodity stocks to hold given the projected increase in ore prices for 2008 - probably 35-50%; see comment in RIO thread.

the little dip today tempts me strongly to reinvest (got out 7/10 days ago merely to take money off the table) as there should be sgtrong support where 25+50 dma coincide at 72

i wonder whether this tasty iron ore producer is on any predator's radar?
good company (i think) in its own right anyway

another good piece of news re this stock surrounded a buy recommendation from the daily telegraph of about a week ago.
aricom have made a $300 m tie up with the chinese government re shipment of iron ore .

or even piece of good news!

TIO, rechristened as ORE but perhaps would be better as ORG ..... the build up is quite slow and gentle, but when it finally comes it could all explode ..... well the thoughts nice anyway - lol!

shall not pursue the above word game, but in all seriousness, do not forget this little (i think) gem ..... sp is on the move this morning, perhaps because others are waking up to the fact that ORE could make a tasty morsel for a larger fish

Maybe:
"Aricom plc (LSE:ORE, OREW), the Anglo-Russian developer of mineral resources,
advises that it will be announcing its Final Results for the year ended 31
December 2007 on Thursday 21 February 2008."
Still on my watchlist, but not convinced yet that it is going places.