Amur Minerals Share Discussion Threads

[plat hunter] 22/2/2019 12:34

Oh the irony... I reckon people care less about what you have to say.. I mean where are all the people that agree with anything you say?Sad Tad, No Soap etc etc... you're just a sad sack with no life trying to flog a dead horse.Be a man and move on.

[qui quaerit reperit] 22/2/2019 12:07

Just a reminder...:
Financial support
The project has the status of a regional investment project and has the following tax benefits:
1. Income tax benefits (in accordance with article 284.3 and article 25.8 of the tax code):
Federal budget:
0 % within 10 years from the date of receipt by the project participant of the first income from the implemented project;
Regional budget:
not more than 10 % within the first 5 years from the date of receipt of the first income from the project by the project participant,
not less than 10% within the next 5 years from the date of receipt by the project participant of the first income from the implemented project.
2. The mineral extraction tax has been reduced to 0% and increased every two years by 2% to 8%.
Also, the company presents the following preferences:
Low loan rate for the construction of infrastructure facilities. This includes the construction of 320 km of road from Ulak station to the work site and the construction of power lines to the location of the concentrate processing plant.

[qui quaerit reperit] 22/2/2019 10:17

You shouldn't be bothered as you have no holding!Ok just for you one more time:Road will be build with the help from Far East Investment Fund!!! Its been known for months don't pretend you don't know!The rest will be a JV

[loganair] 22/2/2019 10:14

So where are AMC going to get the $129mln from???

[qui quaerit reperit] 22/2/2019 10:12

We will know more buddy in a coming weeks:)

[greenelf] 22/2/2019 10:09

Seems cheap to me considering the length of the road. Well doable within the NPV. Looking very very cheap this company now with the progress made.

[qui quaerit reperit] 22/2/2019 10:06

Who cares what you say clown!!!Great news only just over 100m to build a road...watch this space!!!

[loganair] 22/2/2019 09:58

$129mln just to build a reduced width road, let alone the many more hundreds of millions of dollars required to get the stuff out of the ground.

[nolosstillsell] 22/2/2019 09:57

ciao4niao

"The preferred road route design was selected with the input from the Company, road construction companies, Mechel Coal's capital construction group (Elga Coal Mine), Tensar Corp, and various Amur Oblast agencies and the Far East and Baikal Region Development Fund ("FEDF")."

It does make you wonder why the FEDF had an input though?

[ciao4niao] 22/2/2019 09:52

Mmm ... there is no reference to any contribution from the FEDF or any other associated official bodies!

[madengland_] 22/2/2019 09:48

Good figures. Just off on a flight away from the UK gloom. Hope the next couple weeks deliver more news

[ciao4niao] 22/2/2019 09:45

RNS

"Access Road Capital Cost Update

Amur Minerals Corporation ("Amur" or the "Company"), a nickel-copper sulphide mineral exploration and resource development company focused on the Far East of Russia, is pleased to provide an update regarding the Access Road ("AR") that will link the planned mine site with the Baikal Amur Rail Line ("BAM") on its wholly owned Kun-Manie nickel copper sulphide project ("Kun-Manie" or "the Project"). The updated estimate based on a one lane design indicates the average cost to construct a kilometer ("km") of the road is US$382,000 including bridges, diversions and culverts. The total capital cost of the 338 km long road is anticipated to be in the order of US$129 million. The ability to reduce the width of the road still allows the Company to deliver the annual production of up to 400,000 tonnes of concentrate to the rail station and also allow for the back-haul supplies to the mine site.

Highlights:

-- The preferred road route design was selected with the input from the Company, road construction companies, Mechel Coal's capital construction group (Elga Coal Mine), Tensar Corp, and various Amur Oblast agencies and the Far East and Baikal Region Development Fund ("FEDF").

-- Bankproekt, a certified road design institute based in Moscow, completed the initial design of the AR including the required three km wide corridor from the BAM to Kun-Manie. Considerations made included permafrost conditions, available ground conditions, detailed topographic survey results and river /runoff network information.

-- Road design parameters for the initial design consisted of a two lane, 10.5 metre wide, crushed stone running surface capable of lasting for 30 years. Considerations included maximum speeds of 60 km / hr with reduction to 20 km / hr in areas of winding layouts. Bridges and culverts were included throughout the design.

-- Upon completion, the initial design significantly exceeded the annual project shipping requirements of nearly 400,000 tonnes of concentrate from the mine site to the BAM and allowing for the back-haul of approximately 100,000 tonnes of supplies to the mine site.

-- Using Dalgeoproekt, an experienced local road construction company located in Khabarovsk Krai, the initial design was "downsized" resulting in large reductions of construction materials and the associated costs to construct the one lane AR which includes the addition of appropriate turnouts for passing whilst maintaining the required transport capacity for Kun-Manie.

-- Previously reported and utilised capital cost estimates per kilometer ranged from $500,000 to $1,000,000 for a two lane road and approximately $440,000 for a one lane road. The Company notes that the one lane cost option of $440,000 was based on the Ruble to USD exchange rate of 25 to the dollar.

-- The results of Dalgeoproekt have been reviewed by an independent Qualified Person ("QP") that is also assisting the Company in a comprehensive review of work and results being compiled in the Pre-Feasibility Study ("PFS").

Robin Young, CEO of Amur Minerals, commented:

"We are pleased to inform our shareholders that the newly derived and reduced capital cost expenditure related to the road has already been introduced into the PFS. Confirmation of the ability to shift to the lower cost, one lane option is a significant change in the operating configuration planned for Kun-Manie.

"Following the review of the comprehensive PFS by an independent QP we are comfortable this is a viable option to developing the planned operation."

Let's see how this affects the share price.

[nolosstillsell] 22/2/2019 09:32

LME Warehouse Nickel... Cancelled warrants up again. Live warrants down. If/when those buying it start to physically remove the nickel from the warehouses a truer overall picture should emerge....

Opening Stock 200184
Live Warrants 133458
Cancelled Warrants 66726

Good to see the Nickel price up currently at $5.85/lb.

[qui quaerit reperit] 22/2/2019 08:09

Thanks Noloss!:)

[nolosstillsell] 22/2/2019 08:06

Yes Tad it all seems to point that way.

The article I posted from Sept about the Generations fund is interesting. Particularly these bits...

"The FEDF Engages the Asian Generations Fund to Invest Over $1 Billion in Agricultural and Gas Chemical Projects in the Russian Far East
The Generations Fund (GenFund), a strategic financial partner of the Far East Development Fund (FEDF), is investing over half of its initial capital comprising $2 billion into two large projects in the Russian Far East. The corresponding agreements have been signed between the GenFund and Russian partners just before the Eastern Economic Forum (EEF) to be held on 11–13 September in Vladivostok.

The GenFund was founded this summer by a pool of Asian investors with the initial capital of $2 billion and the endowment of $20 billion. The fund’s strategy is aimed at investing in international projects under the “One Belt, One Road” initiative. The board of directors and the international expert board of the GenFund include business leaders, famous politicians, and public figures: Irina Bokova (Director-General of UNESCO in 2009–2017), Dominique de Villepin (Prime Minister of France in 2005–2007), Louis Schweitzer (Chairman of Renault from 1992 to 2005), billionaires Spyros Niarchos (Switzerland), Augusto Perfetti (Italy), and Wei Shaojun (China). The FEDF assisted in creating and shaping the GF investment agenda in terms of investment in Russia, having presented promising projects in agriculture, gas chemical industry, real estate, tourism, and mining."


"Alexei Chekunkov, Chief Executive Officer of the FEDF, said, “The FEDF invested its initial capital in priority projects, having provided affordable and long-term financing. Over three years, we have invested over 39 billion roubles in construction of industrial and infrastructure facilities in the Russian Far East. The next stage objective is to exploit the success of the leading companies and to increase the private investment multiplier using the funds we have invested. In order to achieve said objective, we will act as the investment accelerator and strategic partner of large international investors such as the Generations Fund and will shift from the cheap loan model to the model of direct investment and equity holding in the key projects. In addition to the financial resources, the Generations Fund will support the projects with unique expertise of the “dream team” consisting of global business leaders, top government officials and heads of international organisations who became the main members of the board of directors and the international advisory board of the Generations Fund.”

[qui quaerit reperit] 22/2/2019 07:51

It looks like we are the last ones to find out all the details etc...because Russians already naming Amur minerals as flagship project, successful project etc so we are the only ones not knowing the full details yet, which I don't mind at all as it is obvious this is a big one now so a week or a month later makes no difference...:)

[nolosstillsell] 22/2/2019 07:49

Stocks are low, demand is strong, so is the nickel price getting set for a significant boost?

"Meanwhile, another hardy perennial pressing ahead with nickel projects is Amur Minerals Corporation (LON:AMC). Amur has one of the world’s largest nickel sulphide projects currently under development, at Kun-Manie in Russia, and is currently in the process of working out the parameters of a full bankable study. That economic study follows on from several years of successful resource drilling and metallurgical testwork which shows the amenability of the ore to standard processing techniques.

It will be interesting to see what sort of economic numbers get wrapped around Kun-Manie in the current pricing environment, given that there is significant infrastructure investment required too.

At this point, the high quality of the ore from Kun-Manie still seems to be mitigating in the project’s favour, although as with Horizonte, the proof of the pudding will come when financing talks get underway.

Any rise in the nickel price would, of course, be welcome. But in the meantime, Amur’s directors and senior managers are keeping the faith – eight of them bought shares under the company incentive scheme in mid-February."

www.proactiveinvestors.co.uk/companies/news/215042/stocks-are-low-demand-is-strong-so-is-the-nickel-price-getting-set-for-a-significant-boost-215042.html

[nolosstillsell] 22/2/2019 07:43

"The Company is in the process of completing detailed plans for, and costing of, the engineering work to complete a full BFS. There is a strong possibility that this engineering work will be undertaken in conjunction with a Strategic Partner, therefore the funding for this work may be a product of a Strategic Partner agreement which may be at either the Company or asset level."

A reminder of a part of the strategic plan Rns from November. :)

[nolosstillsell] 22/2/2019 07:38

Interesting...

www.fondvostok.ru/en/press/press_release/the-fedf-engages-the-asian-generations-fund-to-invest-over-1-billion-in-agricultural-and-gas-chemica/

[roofer2] 22/2/2019 07:17

Yet more ramping by Duxy and his alias crew, “in a few days”, he said back In January

duxy786
16 Jan '19 - 18:03 - 45903 of 45903
0 3 0
D extension after 78% pull back from rise of 55% A fortnight ago should see this take out 5.5p in coming days. Fundamentals drive it now so expecting an announcement from RY shortly.

[plat hunter] 21/2/2019 19:48

Well Tad has a lot or respect for women, doesn't he.. Nice to know he's a nice guy.