Asiamet Resources Share Discussion Threads

[mr roper] 11/11/2016 09:51

copper at 2.7

BKM NPV 10 is 74m bucks at copper 2.75.

ARS should be nearer 5-6p.

TM...get the news train ready!!

[2lb] 11/11/2016 09:37

Because Wti has modest assets in comparison and so is only a short term play whereas ARS has significantly larger/longer assets and mine life expectations.

[mr roper] 11/11/2016 09:36

to answer why they should bid though... if the US and rest of the world kick off massive infrastructure spending the already balanced copper market would swiftly move in to deficit. A land grab for all copper either in production or near production will ensue amongst the major mining companies.

From an ARS perspective, they have world class assets, that are seriously cheap to extract, excellent transport links and a massive market on their doorstep.

[mr roper] 11/11/2016 09:34

they could buy both for 200m quid. spare change for billiton or glencore

[billyrayvalentine] 11/11/2016 09:33

...why should any of them bid for ARS, if they can have for the same money producer like WTI?!?

[2lb] 11/11/2016 09:33

Loose change for those boys.....

[mr roper] 11/11/2016 09:31

mkt cap here is 13.5m quid. A bid of 100m would be hard to turn down

[mr roper] 11/11/2016 09:30

we should be on the blower to Freeport, Glencore and Billiton, 2LB! "Here mate. Have you had a look at BKM and Beutong...? All yours for 300m bucks..."

[2lb] 11/11/2016 09:29

That's actually a good point - large producers will be seeking out proven high quality assets and ARS has them in spades.

A large player could easily take Asiamet out a massive premium but still be getting a massive bargain such is the farcical MCAP.

TM was already conscious of warding of predators and that will now be a serious issue,

[mr roper] 11/11/2016 09:23

TM better watch as the more the copper price melts up like this, the Asiamet assets are going to look attractive to predators after a cheap takeaway...39p will do me..

[scyther] 11/11/2016 09:12

Wti are now only just the same mcap as Ars

[mr roper] 11/11/2016 09:00

BKM numbers at copper 2.75

Base Price $2.75

Net Price after Royalty $2.61

Pre-Tax NPV @ 10% $161.0 M

I.R.R. 32.30%

Pay-back (Undisc.) 2.8

Post-Tax NPV @ 10% $74.6 M

I.R.R. 21.60%

Pay-back (Undisc.) 3.7

[horneblower] 11/11/2016 08:54

Weatherly up 300% over two days on copper rise.
Come on ARS.

[2lb] 11/11/2016 08:20

From RNS dated 15th September

"The feasibility study on BKM is progressing to plan and first results from the detailed heap leach test work are expected shortly"

"We look forward to progressively updating all stakeholders as the study advances and our other corporate initiatives reach important milestones"

[2lb] 11/11/2016 08:16

Yep, ARS owe us one as we really are missing out right now for self inflicted reasons.

The only plus is that it let me pick up another @1m at 2.2

Heap Leach results still due "shortly"

[mr roper] 11/11/2016 08:07

completely agree, 2LB. Missed opportunity. Need an operational update now to capitalize on strong copper. Should be reiterating those PEA numbers as well...

[adorling] 11/11/2016 08:07

No doubt when copper goes down for a day and someone sells 1000 ARS shares the MM will drop the price to 2p! Tony we need some strong news in a well worded RNS! We should be well over the 3.1p placing price now just on copper economics alone.

[2lb] 11/11/2016 07:58

I really do think we would be 3p+ without that screw up of a badly worded RNS which in itself was actually a positive message....

[mr roper] 11/11/2016 07:46

copper absolutely flying now...Market starting to wake up to what 500bn bucks of instfrastructure spend in the US alone will do for copper...

[mr roper] 11/11/2016 07:45

copper never issued an rns like we did...

[adorling] 11/11/2016 07:44

Copper up for 14 straight days and ARS down 15% in same period - makes no sense whatsoever. TSX up 25% overnight so where will be at the end of today?

[mr roper] 10/11/2016 21:42

Well that's good news

[maverick247] 10/11/2016 20:35

25% up on TSX

[jackbal] 10/11/2016 16:48

Also makes the weak share price performance even more bewildering.

[adorling] 10/11/2016 15:54

Copper futures up 3.2% - makes ARS and BKM assets a real steal at these levels...