Asiamet Resources Share Discussion Threads

[alwayshopefl] 20/11/2017 17:12

Nice to see things moving at last.
It's taken a long time to see my march 2011 buy at 7.26p go positive.
Picked a few more up along the way to bring the average down to 5p so mustn't grumble!!
Wish this licence would hurry up, it's been coming for too long..........GLA

[mr roper] 20/11/2017 17:05

Himalayan foothills! We’re not even at the top of Ben Nevis yet, HG!

[highly geared] 20/11/2017 17:00

BKM; with BKZ, BKW, BKS ; will be worth 100p/share given time ( 2-3 years). Beutong is the icing on the cake and again worth 100p/ share given time. Then there’s Baroi with the speculated best grades of the lot ( with some anecdotal evidence to back this up).

The assets are huge.

Here’s the thing; what happens when we’re in the production sweet spot 2019-2030 and we see copper have a run to $6-8/lb as we see a concerted supply squeeze.
People think this has risen dramatically but, excuse the analogy; we are in the Himalayan foothills at the moment and are about to start the share price climb to the top of Everest....

[mr roper] 20/11/2017 16:44

Lol....he must have been watching the podcast as well. Sounds like a random ramper. Like it needs ramped. Just let it unfold.

[yorkie14] 20/11/2017 16:42

on the other channel.

WatchMaverick
Posts: 221
Off Topic
Opinion: No Opinion
Price: 11.125
BEUTONG licenceToday 16:11I understand the Beutong licence has been cleared and company will announce in the next few days, latest next week.

No relation to our Maverick?

[mr roper] 20/11/2017 16:42

30p for Xmas,adorling?

[cyberbub] 20/11/2017 16:39

Ah OK missed that one. Still good news anyway.

[yorkie14] 20/11/2017 16:38

12.25 earlier today cyberbub.

[cyberbub] 20/11/2017 16:36

First trade at 12p? :-)

[adorling] 20/11/2017 16:36

As I said at the opening the MM will be stealing shares off the doubters today and indeed they have because they know what’s coming and it has been there for many to see. A very impressive +9.4% close driven by multiple buys. Another move towards 17p and then 30p. It is happening.....

[mr roper] 20/11/2017 16:35

2lb, at some point we’ll start re rating towards fair value.

[mrpiggy] 20/11/2017 16:33

Once again not too shabby a closing SP!Lots of sellers out of the way so onwards and upwards! :@)

[cyberbub] 20/11/2017 16:20

SOS, if you're implying that it's me who has sold out, I haven't sold anything, in fact I bought a few more on Friday. I don't intend to sell until we (as I expect) get taken out for 30p+ in the next 6 months...GLA NAI

[2lb] 20/11/2017 16:12

And that's BKM alone , nothing for BKZ , Beutong, BKW , Baroi, and the rest of KSK including this potentially massive chunk connecting M and Z

[amaretto] 20/11/2017 16:11

cyberhub, good point but I suppose on the other hand, if investors are relatively bullish about say the price of copper over the coming decade or two (given EVs and associated infrastructure should really start kicking in by then) then they may personally factor in a higher copper price. I suppose it all depends on whether we have a sufficient number of bullish investors competing for copper exposure (despite the 3rd world risks) or not.

[sos100] 20/11/2017 16:10

i think some have sold a little too early...
the 6th generation cow is one of the strongest legal titles you can have in indonesia

[mr roper] 20/11/2017 16:08

Would agree with that, 2lb.

[2lb] 20/11/2017 16:07

From memory the PEA used 1:1.3 as the strip ratio and this will likely be a lot nearer 1:1

I maintain that the BFS will show a NAV north of $300m still only assuming 3.25 for copper.

[cyberbub] 20/11/2017 16:01

Remember that the PEA and BFS are only economic assessments. Investors will factor in things like political risk in a 3rd world country etc. Nevertheless we're clearly still way undervalued...

[amaretto] 20/11/2017 15:53

Got it, thanks.

I must admit it's the first time I've really looked through the PEA and it really is quite an extensive document so can only imagine what the BFS will look like in terms of detail. Throw in any improved assumptions as derived from the extensive testing they've been doing and you can really begin to see how the NPV could be well and truly transformed once the BFS is released thus underpinning the share price to a certain extent.

Makes accumulating now seem even more of a bargain (assuming we get those improved factors although frankly, at our current SP, even the base assumptions demonstrate we're still massively undervalued).

[highly geared] 20/11/2017 15:47

Amaretto; correct.
I cannot immediately recall the strip ratio assumptions of the PEA, nor the exact grades but I believe if we see marginal improvement on metallurgy recovery ( say 3-4% ) and improved strip ratios , improvements toward a $300 million NPV are not out of the question.

[amaretto] 20/11/2017 15:41

Thanks Mr R, I've taken a look at the PEA and, as you said, the sensitivity analysis (section 1.23 P44, Table1-7) states, "The primary sensitivity scenario run was for copper price, which effectively replicates a variation in grade and recovery as it is a variation in revenue."

Therefore, I assume that a 7.5% increase in recovery is the same as a 7.5% increase in price (therefore revenue), which according to the table would mean an increase in NPV from $204.3m to $269.1m.

Given the base recovery case is 85%, increases above that will be fairly marginal so I'm guessing a 5-10% is about the maximum increase we could expect from the recovery factor?

Have I got that right?

[mr roper] 20/11/2017 14:50

Look at the PEA itself, Amaretto. Should be there under sensitivity analysis from memory. It was also the optiva broker note.

[amaretto] 20/11/2017 14:42

I know plenty of references have been made to the long term metallurgy tests and that we expect an RNS this week finally giving us the results of these tests. Can anyone confirm where the PEA assumption is for this recovery factor? I've been looking at the most recent presentation and I assume it's one of the numbers mentioned on p15 of the presentation? Which number should I be looking at and can anyone explain how a 10% increase, increases our NPV by 50%?

Any responses appreciated.

[ronconomics] 20/11/2017 14:39

IG showing spread of 1p now. Not seen their SB price that wide before on this stock.