Amur Minerals Share Discussion Threads

[roofer2] 26/2/2019 07:17

Ask questions ppl, where are the partners? Where’s is the money, why has no infrastructure started? 7 years of hurt and pure ramping, ask questions!!!
Imo

R2

[roofer2] 26/2/2019 07:14

Ramping will go into overdrive on the hotair RNS today which was always expected yet not one partner has been signed up, infrastructure has been all talk, massive sell off to continue!
Imo

R2

[roofer2] 26/2/2019 07:10

Any news to sell into will be taken as so called long term holders rush to sell out as year of misery continue, any rise will be sold into !!
Imo

R2

[patio58] 26/2/2019 07:08

We're in play, the start of the end.

[roofer2] 26/2/2019 07:07

Yet another study, NO partners NO contracts signed on infrastructure, NO production No hope of further progress lots of HOPE on more finance deals, 1p coming !
Imo

R2

[ciao4niao] 26/2/2019 07:03

RNS

Amur Minerals Corporation

26 February 2019

26 February 2019

AMUR MINERALS CORPORATION

(AIM: AMC)

Kun-Manie Pre-Feasibility Study

Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide exploration and development company focused on the far east of Russia, is pleased to announce the release of its Pre-Feasibility Study ("PFS") on the Company's Kun-Manie nickel-copper sulphide project ("Kun-Manie" or the "Project").

The PFS is a significant milestone, reinforcing the Project's technical and economic viability, and consolidates the Company's commitment to delivering the best outcomes for the project and Amur's shareholders. The PFS covers two production scenarios for an annual mining production rate of six million tonnes per annum. The first option is the Toll Smelt option ("TS Option") which provides the swiftest path to revenue generation, where the concentrate is sold to a purchaser. The second option is where the Company constructs and operates an electric furnace / flash smelter ("FFS Option") converting the concentrate to a Low Grade Matte ("LGM") which allows for the capture of additional revenues from the by-product metals of copper, cobalt, platinum and palladium.

Highlights

-- Project parameters:
o JORC Mineral Resource Estimate containing 155.1 million ore tonnes comprising a nickel equivalent grade of 1.02%, equating to a total of 1.58 million equivalent tonnes of nickel

o A three year construction period and a 15 year production period with upside potential to extend the LOM

o Production will derive from four open pits and one underground mining operation

-- Project economics:
o TS Option

-- NPV post-tax at 10% discount rate of $614.5 million using a long-term nickel price of $8.00 per pound

-- Post tax IRR of 29.3%

-- Total free post tax cashflow of $2,041 million

o FFS Option

-- NPV post-tax at 10% discount rate of $987.4 million using a long-term nickel price of $8.00 per pound

-- Post tax IRR of 34.7%

-- Total post tax free cashflow of $2,980 million

-- Low cost operations:
o C1 costs within the second lower quartile for nickel producers

-- TS Option estimated $3.87 per pound of payable nickel

-- FFS Option estimated $2.34 per pound including additional by-product revenues

-- Capital costs and infrastructure:
o Pre-production capital expenditure

-- TS Option - $570.4 million with a payback period occurring three years

-- FFS Option - $695.0 million with a payback period three years

-- Project upside potential:
o 2018 drill programme to be incorporated:

-- Increase in the Mineral Resource Estimate

-- Expansion of mine life

-- Optimisation of production schedule

o Metallurgical test work to reduce the magnesium oxide content

o Potential to generate a separate copper concentrate stream

The strength of the PFS puts Amur and the project in an attractive position for the Company to continue the implementation of its strategic plan and identify partnerships that will add to, and complement, the Company's exiting experience and influence in order to bring Kun-Manie into development.

Robin Young, CEO of Amur Minerals Corporation, commented:

"The PFS provides a robust review of Kun-Manie's value, scale and viability and it is our intention to explore further the strategic options that will enhance the Company's continued development of the project. We believe that it puts the Company in a strong position and provides attractive economics to invite discussions with varied parties to strengthen our team and deliver production at Kun-Manie.

"Additionally, there is significant potential for further upside to this PFS, following the Company's successful drill programme last year, which yielded a number of positive results including expansion of the mineral resource estimate and mine life.

"As a Company, we are encouraged by the PFS and the further step it has created in positioning the project to attractive partners that will support Amur's goal of seeing Kun-Manie being developed further and value delivered to shareholders."

[roofer2] 26/2/2019 06:59

No progress has been made here for over 7 years, fund raising multiple times to help pay wages, hotair on road building but nothing has been DONE, all talk to sell yet more shares into a falling share price !
Imo

R2

[crazytowner] 25/2/2019 21:42

Got to admit, was surprised today at no RNS. Why drop a good RNS on a Friday and not follow it up

[qui quaerit reperit] 25/2/2019 17:08

Just imagine how big everything is being developed in Far East and what links do we have with Mechel Coal...they are building a new village and we will build one too, they need bigger/better roads and we do...There are so many things going on behind the scenes...below from official rns a few days ago: 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 )Now this is what I found with regards to Elga Coal Mine ( only a few weeks old rns ). A new permanent settlement will appear on the map of Yakutia.IA SakhaNews. The leadership of Yakutia has agreed with the company Mechel on the development of a roadmap for creating a permanent settlement on Elga."Today we have agreed with Mechel to create a road map for the creation of a permanent settlement on Elga in the first half of 2019," said Yakutia's head Aisen Nikolayev on Monday, commenting on the consideration of the financial and economic activities of Yakutugol Holding Company and LLC Elgaugol.According to Nikolaev, the feasibility of creating a settlement on an ongoing basis at the Elga coal deposit in the Neryungri district is beyond doubt. The government of the republic and the administration of the Neryungri district will take part in this work.At the end of 2018, Elgaugol production reached almost 5 million tons. The main obstacle to increasing the volume are problems with the solution of the issue of the reconstruction of the railway. In the case of solving this problem, there will be a multiple increase in production at the Elga deposit, the head of Yakutia is sure.Aisen Nikolaev stressed that he was generally satisfied with the work of the coal mining companies in 2018. According to him, the historical maximum of coal production in Yakutia is over 17.5 million tons.In the case of plans that are agreed with the republic and actively implemented by coal companies, in the coming years, Yakutia will produce more than 20 million tons of coal annually, and within five years it will be able to reach 30 million tons, the head of Yakutia noted.Elga is one of the world's largest deposits of high-quality coking coal. The development of a field in the South-East of Yakutia is a strategic investment project of the Mechel Group.Since the start of operation, 18.5 million tons of coal have been produced at the Elga coal complex, 14.6 million tons of products have been shipped. Coal reserves at Elga are estimated at 2.1 billion tons, of which 1.9 billion are coking.

[nolosstillsell] 25/2/2019 12:35

I wonder if Trump will use a steel wall as the border. 14 miles of it could contain a decent amount of nickel.

Every little helps.

[nolosstillsell] 25/2/2019 12:00

Large drop of 1062 tonnes of nickel at lme warehouses today. Will filter through over next day or so and take the total to 198912.

Perhaps it is some of the cancelled warrant stock being withdrawn at last. :)

[nolosstillsell] 25/2/2019 09:40

No worries. :)

[s0lis] 25/2/2019 09:37

Hi noloss

Think I need to check myself in to Specsavers and get a double pair. I checked it 3 times before checking prices that I could trade at. Now that I can see clearly, the one sell was 10,040 shares at 3.083p but last Friday. Sorry.

[nolosstillsell] 25/2/2019 09:20

Hi Solis

I cant see any trades at all today on NEX yet. Plenty on main exchange though. :)

[s0lis] 25/2/2019 09:16

Good to see all buys on main exchange. Sells being hidden in NEX

[flugelhorn] 25/2/2019 08:27

Nickel price soaring so far this morning.Above $5.90 now.

[goofrob] 25/2/2019 04:36

Agree with Mr Duxy....only a matter of time....down to 1p....then I could be interested. Traders and rampers here....careful to all is my advice.

[duxy786] 24/2/2019 23:43

Only a matter of time

[duxy786] 24/2/2019 23:42

Amur Minerals says the time is right to find a strategic partner2018-09-28 10:09:00Amur said that it had cash reserves of US$3.4mln at the end of June 2018, up from US$2.6mln at the start of 2018Amur said the 2018 field season had been positive     Amur Minerals (LON:AMC) said that it would turn its focus to corporate development after a successful 2018 field season and that the time was right to find a long-term strategic partner.The company said that the 2018 field season represented the completion of mineral resource drilling and that it has sufficient minable resource at a grade and level of profitability - over a 15 year plus life - to confidently present to potential long-term strategic partners and funding institutions."Once the 2018 field season has been completed, the company's focus will turn predominantly to corporate development. Work on setting the foundations for this change in focus has been on-going throughout the period to date. An important consequence of this is that it will greatly lessen, but not eliminate, the company's requirement for further funding while we develop and work through the corporate development programme in 2018/19," the company said in a statement on Friday.Amur Minerals added that it had completed the data set for the reporting of Russian reserves, which it needs to obtain a Russian certified reserve. These are used in the development of mine designs requiring Russian regulatory approvals.Amur said that it had cash reserves of US$3.4mln at the end of June 2018, up from US$2.6mln at the start of 2018.The miner added that it had been successful in conserving its cash reserves, allowing it to continue to work closely with its financial advisors developing other near and long-term financing opportunities. It said it was confident that the company would be able to raise funds in the near future.Amur said it had spent US$1.3mln on exploration costs during the period, down from US$1.7mln last year. Shares in the company were 3.8% down at 4.21p in mid-morning trade.

[s0lis] 24/2/2019 23:07

Tad,

Personally, I would far prefer not to have a T/O. Think what the share price is going to be 4-5 years down the road with Ni at $12.50/lb..............

[flugelhorn] 24/2/2019 18:30

Oh you are so funny PRAT Ha ha haaa!!
Perhaps you missed the part that says not holding shares.
People like you PRAT.