Asiamet Resources Share Discussion Threads

[jimbo310813] 23/2/2024 15:28

there's a funny colour on the price movement - it's usually red...

[bradshaw980] 21/2/2024 17:58

IMHO fear not my friend, for our glorious CEO is none other than Darryn "hive of activity " McClelland.

[mreasygoing] 21/2/2024 17:17

Another new low on no news.Mining sector on its knees. Most miners at lows.

[bradshaw980] 19/2/2024 18:56

Anyway excuse my ramblings but I also think it's time Darryn "hive of activity " McClelland actually delivered something. Back in October we were apparently a hive of activity and close to some major de risking events, here we are almost in March looking like plums ! If October was a hive of activity I shudder to think what November, December and January were like, the office must be a literal ball of energy right now.

[bradshaw980] 19/2/2024 12:11

Just to get your noggin around the size of a heap leach pad this one Asiamet is building is probably the size of around 50 football pitches and higher than your house LoL so you can imagine the cost of the civil earthworks innit. Just imho DYOR!

[bradshaw980] 19/2/2024 11:54

Any business update for me needs to address the heap leach. Just read NewPro 2023 FS again and apparently there is a same sized 37 hectare site for the heap leach but this site requires less civil earthworks ie less money but there is another option to design a HL that is capable of stacking the ore reserves of 40.8 million tonnes plus allowance for inferred resources which will ultimately produce more copper. Need to nail this ffs.

Also the principal challenge for this site is acid Rock drainage, as this ore basically starts oxidising immediately and leaching acid, they've been doing work around this including tech to extract copper from the acid water, but ultimately it must be treated before being discharged to the environment. This brings us onto lime to raise the PH now this apparently is horribly expensive to ship from Surabaya so ideally need to get it from Rinjin 20 km up the road innit. Update on this please plus the biomass power station.

Also to the melts who say why aren't we drilling BKM FFS well apparently we can't as the current site permit is in the transition process which means no drilling permits.

All imho DYOR!

[bradshaw980] 19/2/2024 10:25

Adw198 you need to get out more son, as you seem to think 230 million is the largest amount of money anyone has ever conceived or thought about. Let's consider Tecks flagship Quebrada Blana 2 expansion: in 2019 the cost was thought to be 4.7 billion dollars now it looks like it's going to cost them circa 8.8 billion dollars, so in the copper mining game and the grand scheme of things 200 poxy million is peanuts lol! Just imho!

[adw198] 19/2/2024 09:38

Inside info was clumsy on my part, I wasn’t suggesting market defined inside knowledge, just that Dorsets again taking this stuff as gospel from dodgy sources.

In terms of how far we’re away from construction I’d estimate about $230m and a permit away!

[dorset64] 19/2/2024 08:05

2LB, I think everyone knows my distain for TM, even he himself.

DM coming in was the major reason I'm still here as the assets are world class, but TM has destroyed sentiment through his leadership, and DM is now getting close, imo, to a point where I need to start seeing answers from him.

This next update should hopefully be detailed enough that every shareholder can see how far along the road to construction we are, and what is left to do.

ADW, there is no insider info, speak with the company yourself, that's all it takes.

[2lb] 18/2/2024 22:56

I don't think it's any sort of insider knowledge and FWIW I believe it to be accurate and not ARS specific.Dorset has consistently followed his investment at every leg down and to a degree that is admirable, he has also called out Manini on a regular basis but equally probably listens to the paid IR BS a bit too closely when that particular source of info is only there to deflect attention away from the idiots across the world.

[adw198] 18/2/2024 22:07

Yep, Dorset won’t share where his inside knowledge is from. But he’s lots literally hundreds of thousands of (paper) pounds.

Keep up the good work mate lol

[dorset64] 18/2/2024 21:53

2lb, it was also posted on the other forum, so you'll have to work out from where it was firstly mentioned.

[dorset64] 18/2/2024 21:52

Lol you two, keep thinking.

[bradshaw980] 18/2/2024 18:15

Epic and profound. You really are a legend I your own little world bruv. And pretty please can we leave it there ROFLMFAO

[adw198] 18/2/2024 18:11

“BKM was a duster”

I’ll leave it there bellendshaw

[bradshaw980] 18/2/2024 18:07

Bro calm down: they initially budgeted for a tiny 3000 meter campaign yes at both BKM and BKZ but BKM was a duster and they had a strong IP chargability beneath BKZ from the recently completed geophysics so probably thought it best to focus their small budget there, and they got the total opposite of dusters didn't they literally adding billions in metal you melt. Just my humble opinion I don't claim to be an expert. Also consider at that time they were testing for tank leach as opposed to heap leach which means that could put all the primary chalcopyrite in tank as well, but the heap leach only takes chalcocite and covellite innit. Again ask the company not me you melt I have access only to the info you do but you prefer to moan rather than research! Lol !!

[adw198] 18/2/2024 17:43

@bellendshaw

Can you share the RNS backing up your assertion there were 4 drill holes and what they showed that was contrary to the RNS stated objective of the drill programme?

[bradshaw980] 18/2/2024 17:19

Adw198 your multi year fascination with these four drill holes is as bizarre as it is infuriating. Yes they hit low grade and moved on but they no doubt have valuable data to plan their next moves. Plus the resource is "set in stone" as the project manager put it, so the heap leach aspect of BKM as it stands doesn't need anymore drilling and they know what they will get out of it, which is funnily enough more dosh than the 2019 version LoL

[bradshaw980] 18/2/2024 17:14

Wishing you all the best MT

[adw198] 18/2/2024 17:03

I have no idea re geology, I’m not here to showboat my knowledge like a desperate 17yr old Geology A level student.

The company released multiple
RNS’ saying they were drilling to expand the BKM inventory.

Not only did they fail to do this, they failed to update the marker about their failure.
On the (playing along) presumption you’re a genuine holder here, why are you arguing against these facts and repeatedly defending the Directors? We know for a fact nobody here is up so perhaps you and and Dorset could share a bit of humility?

[mount teide] 18/2/2024 17:00

SOS100 - thanks for your comments - good to be feeling much better. Although still early days, I'm fortunate to have responded strongly to the medical treatment, which I'll have every month through to the end of my life, as it controls/manages the further spread of, rather than cures the disease.

[bradshaw980] 18/2/2024 16:44

How do you know that wasn't the target before drilling? You don't know what you're going to get before you get the core out m8, unlike arcm docile flocks who think they have multiple tier ones based on soil samples and aircraft surveys