Amur Minerals Share Discussion Threads

[madengland_] 05/7/2018 12:31

Well got to admit the strategy of averaging down will prove to have been a good one if we are right on the end result. Gamble or investment, I suppose one has a more confidence connotation

[jackbal] 05/7/2018 12:18

Mad I agree with your comments and still believe in my original plan. I have been buying 50k share lots at 8 ish, 6 ish, 4 ish and will do so again if we see 2 ish.

For the record I hope we do not see 2 ish for the sake of many of the posters who I know have much larger holdings than me.

Maybe they are just using these financing types until the Russian low interest loan becomes available or maybe they simply can't get access to proper financing.

I know we crossed swords when I first arrived on this board but we want the same thing.

I think the difference is that I see this as just a small gamble where as you seem to be much more confident.

Good luck to us all. Feels like we need some!

[madengland_] 05/7/2018 11:00

Jackbal - for sure, the financing is of course critical. I don't think anyone thinks any different. Personally I think the financing fears are the investors friend, as the shares are an incredible bargain at this price. Even more so with the news today

[jackbal] 05/7/2018 08:12

But will the positive impact on the NPV and IRR have a positive impact on the SP?

I think not until the market sees that proper financing is available that isn't going to screw over/dilute existing holders to sh*t

[madengland_] 05/7/2018 07:54

This bit will am sure be in everyone's radar...."As a result of its favourable configuration and exposure at the surface, this area looks to be mineable early on in the production cycle, this, along with its high nickel and copper grades, the highest grades in the mining licence, is expected to have a positive impact on the NPV and IRR at Kun-Manie."

[ciao4niao] 05/7/2018 07:15

RNS

"AMUR MINERALS CORPORATION

(AIM: AMC)

Drill Programme 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 its second drill update covering the month of June 2018 at its wholly owned Kun-Manie nickel copper sulphide project ("Kun-Manie").

As announced on 27 February 2018, this year's field programme is focused on the completion of specific tasks related to advancing the development of the project into one of the world's largest nickel producers. Drilling is designed to establish the final data set for allowance of reporting Russian reserves that will, in turn, allow the Company to obtain mining production approvals from the Russian Federation and local agencies, to convert a large high grade block of Inferred resource for inclusion in the Mining Ore Reserve ("MOR") and move forward into an earlier period of the production schedules, and to acquire a large metallurgical sample to define the variability and content of the life of mine sulphide concentrate for either toll smelter and or Low Grade Matte ("LGM") generation (an owner operated option).

Highlights

-- At the end of June 2018, a total of 66 holes (10,809.3 metres) have been completed since initiation of the planned 20,300 metre drill programme on 6 May 2018. All drilling has been completed using the Company owned Boart Longyear LF70 and LF90 drill rigs, with the two rigs drilling an average combined total of 193 metres per day. The Company has completed approximately 50% of the 2018 planned programme.

-- Detailed infill drilling of limited areas within the four deposits, from which mining is planned, is well advanced. This infill drilling is being completed in accordance with the Company obtaining final approvals of a Russian certified reserve and its use in the development of mine designs for approval by Russian authorities allowing mine production to be implemented. This regulatory related drill work has been completed at the largest of the two deposits, Maly Kurumkon / Flangovy ("MKF") and the Ikenskoe / Sobolevsky ("IKEN") deposit, and is presently being implemented at Kubuk ("KUB"). Work at Vodorazdelny ("VOD") is scheduled for later in the season. To date, nearly 70% of the planned infill drill metres (4,677.2 metres of the planned 6,500.0 metres) have been completed. Drill results thus far have confirmed the continuity of the mineralisation with regard to both thickness and grade.

-- The largest Inferred resource inventory at Kun-Manie is located at the southern limits of the IKEN ore deposit. An estimated 27.8 million tonnes containing 222,000 nickel tonnes and 63,000 copper tonnes is contained within this area, and to the east toward the KUB deposit. The nickel grade of this Inferred block ranks the area to be amongst the highest nickel grade blocks at Kun-Manie, and for this reason, drilling for resource conversion (Inferred to Indicated) and its subsequent inclusion into the Mining Ore Reserve ("MOR") has been implemented. Drilling results from 11 ore holes confirm the continuity of the mineralisation with regard to both thickness and grade. The indicated vertical thickness is 23.6 metres (28.7 metres at year end 2017) with a nickel grade of 0.87% (0.94% at year end 2017) and a copper grade of 0.24% (0.26% at year end 2017). The current Inferred resource is included in the Pre-Feasibility Study and is scheduled for mining during the mid life stage of the planned 15 year operation. Successful conversion of the Inferred resource will trigger a rescheduling and it is likely the area would be brought forward in the mine life which could further improve the project Net Present Value ("NPV") and the Internal Rate of Return ("IRR") of the Kun Manie project.

-- Nine metallurgical sample collection holes have been completed bringing the total drill meterage for this category to 1,933.3 metres (28% complete). The mineralised portion of the core for use in the planned test work has been delivered to the Khabarovsk core storage facility.

-- Final analytical results from Alex Stewart Laboratories ("ASL") are now being received and the information provided within this announcement and future drill update reports will be updated to reflect these final independent and certified results suitable for use in resource and reserve definition (see Analytical Results - Cautionary Comment below).

-- A total of 787.0 metres of drilling (four holes) was completed at the Gorny deposit which is located to the east of the MKF deposit. This unplanned drilling was implemented after the MKF infill drill effort was completed. This was possible due to high melt water levels at the Maya River, along which the access road between MKF and IKEN is located. Once water levels receded, the LF90 was moved to the KUB deposit where it is presently completing the infill drill progamme for Russian reserve finalisation. Drill results at the Gorny deposit have identified low grade and thin mineralised zones to be present and very similar to those that are present up dip from the deeper economic mineralisation at MKF. No additional drilling is planned at Gorny.

Robin Young, CEO of Amur Minerals, commented:

"Drilling continues apace, and we have now completed half of our planned programme for 2018, with over 10,000 of the 20,000 planned metres already being drilled.

Drilling at two of the largest areas where infill drilling for Russian regulatory considerations was required, has already been completed and we are now drilling at Kubuk and are progressing well towards completing the infill effort there. We are seeing that the infill work and preliminary results are confirming the continuity of the grade and thickness of the deposits and anticipate that the final results will lead to a final approved Russian certified reserve and associated mine plan and production schedule.

"Drilling of the Inferred high grade zone at Ikenskoe / Sobolevsky is also confirming the continuity of the mineralisation with regard to thickness and grade. With continued successful drilling here, we anticipate its conversion to a JORC Indicated resource allowing for its full and unqualified inclusion in the mine production schedule. As a result of its favourable configuration and exposure at the surface, this area looks to be mineable early on in the production cycle, this, along with its high nickel and copper grades, the highest grades in the mining licence, is expected to have a positive impact on the NPV and IRR at Kun-Manie.

"We are extremely pleased with this year's drill results so far and they are allowing us to clear various hurdles meaning that we can move toward production as swiftly as possible."

[gizmohican] 05/7/2018 06:36

Thanks again tad

[qui quaerit reperit] 04/7/2018 22:48

In case someone got time and wants to have a read how really big things are in Far East...really nice to know we are a "little" part of everything whats going on and we just need patience ( and some answers from RY lol...) Document published on Government website yesterday,answers a lot of questions about the things and how stupid it would be for russians to take away our project...would they risk trillions of investments to take away Amur Minerals...doubt it,only people like well known Scach&Co can come up with something like this...:)P.S I am sorry I honestly have no time to translate it all,just use google and paragraphs 3 and 5 are very interesting...Documentation04/07/2018Draft annual national report on the development of the Far East of the Russian Federationhttps://minvr.ru/upload/iblock/b44/natsionalnyy-doklad_proekt.docx

[duxy786] 04/7/2018 22:24

Thanks Qui

[qui quaerit reperit] 04/7/2018 19:46

Also found today another interesting official Government document,signed end of 2017 about the investments,funding etc,they mention us on page 11(pdf page 11) and we fall under Amur - Priamuria region,basically over 1 trillion rub Investments and Amur region gets over 400 billion ( most of every other region ) on last pages they split the money from what I can understand but they don't go in to details which project will get what...it is a lot of reading and if I'll get something interesting will post:)http://council.gov.ru/media/files/w2hoYAT3M1GqVvfheAFM8c0GWynJV5Rf.pdf

[qui quaerit reperit] 04/7/2018 19:29

http://m.nedradv.ru/invest/?id=c5bfec301d9737167c9489604b0d1ff7

[gizmohican] 04/7/2018 19:09

Tad many thanks for posting, where did you find it?

[qui quaerit reperit] 04/7/2018 18:18

Bwana,forgot to mention,just recently RY said that low rates loan will be available from september this year,can't remember exactly but its got something to do we Far East Development Fund as all the terms or something is being finalised ( not just for us but in general ),could be Government finalising something at their end.He mentions this in one of his recent interviews.GL

[qui quaerit reperit] 04/7/2018 18:12

You very welcome

[s0lis] 04/7/2018 17:59

Tadaska,

Thank you for sharing your research.

[peawacks] 04/7/2018 16:07

I like it, Tad (Qui) ! Would be nice to think RY is calling the shots and talking from a position of strength !

[callmebwana] 04/7/2018 15:41

Tadaska, maybe that is why they agreed to take finance from Riverfort in tranches.
Maybe there is a delay in getting the money. The RNS did say they can continue for the next 12 months.

Peawacks, the reason I said they have their backs against the wall is because they are going to need financing.
While others are fleeing out that is the time to go in. Or words to that effect. Warren Buffet.

Roger good luck with your top up.

[peawacks] 04/7/2018 15:07

To quote Mr. Buffett
'“Price is what you pay. Value is what you get.”

[qui quaerit reperit] 04/7/2018 14:58

WTF really...excuse me my language Financial supportThe project has the status of a regional investment project and has the following tax benefits:1. Tax benefits for income tax (in accordance with Article 284.3 and Article 25.8 of the Tax Code of the Russian Federation):Federal budget:0% within 10 years from the moment the project participant receives the first revenues from the implemented projectRegional budget:no more than 10% within the first 5 years from the moment the project participant receives the first revenues from the implemented projectat least 10% within the next 5 years from the moment the project participant receives the first revenues from the implemented project2. The tax on extraction of minerals is reduced to 0% and increases every two years by 2% to 8%Also the following preferences are given to the company:• Low loan rate for the construction of infrastructure facilities. This includes the construction of 320 km of road from Ulak station to the site of work and the construction of a power line to the location of the concentrate processing plant.• Far Eastern and Baikal Development Funds and the Far Eastern Investment and Export Agency assist the Company in determining the financing of projects in China, Russia and India.

[peawacks] 04/7/2018 14:56

'Too many shares'? Don't agree.
'Backs against the wall' ? Don't see that either.

[rogerhouston] 04/7/2018 14:17

Pea - Yes, there have always been de-rampers and rampers on this board. There are also some who use it to discuss, debate and share legitimately. I consider you and myself in the latter group.

Thomscm2 - Every major miner has a biz development guy who knows about AMC. BHP, RTZ Xtrata and the analysts at Brook Hunt all follow the company.

bwana - Jinchuan is clearly the most likely non-Russian partner. They need an off take agreement and I heard RY years ago say he would not commit to an off take agreement until he knew his economics. That was maybe 2007? So don't know his position currently. I believe the most likely buyer is Russian. Polymetal is a good strategic fit, as they have copper / gold assets in the far east. Deripaska is also a potential, especially since he just lost control of Norilsk.

FWIW I just topped up with 90,000 shares bought at 3.9. I think that is a great price to buy, and remain bullish.

[qui quaerit reperit] 04/7/2018 14:07

Busy busy in Far East...Russia's Ministry of Economic Development will summarize the proposals of the regions of the Far East for inclusion in the state programs04/07/2018Russia's Ministry of Economic Development will summarize the proposals of the regions of the Far East for inclusion in the state programsVice Prime Minister - Plenipotentiary of the President of the Russian Federation in the Far Eastern Federal District Yuri Trutnev held a meeting of the Council under the plenipotentiary on Wednesday, July 4, in the Kamchatka Territory. Participation in it was received by the Minister of the Russian Federation for the Development of the Far East Alexander Kozlov, governors of Far Eastern subjects, as well as representatives of federal authorities.During the meeting, three issues were considered: the implementation of the "May decrees" of the President of the Russian Federation, the improvement of the positions of the regions of the Far Eastern Federal District in the national rating of investment attractiveness, as well as the preparations for the Eastern Economic Forum.Proposals on national projects have been submitted to the Government of the Russian Federation, they are already being discussed. We need to ensure that all programs take into account the specifics of the Far East.Yuri Trutnev. Deputy Prime Minister - Plenipotentiary of the President of the Russian Federation in the Far EastThe work on the generalization of proposals from the subjects of the Far East, as well as on interaction with federal executive bodies is entrusted to the Ministry of Regional Development of Russia."It is clear that each Far Eastern region has its own specifics, but we will form a unified position on all issues," said the Minister of the Russian Far East Development Alexander Kozlov.The Vice Prime Minister stressed that all work on submitting proposals from the subjects of the Far East should be held before the meeting of the Presidium of the State Council of the Russian Federation, which will be held in the framework of the Eastern Economic Forum in September."A lot of work is ahead. The work is unprecedented, in Russia such tasks have not been set and we must ensure that this task is accomplished, "said Yury Trutnev