Asiamet Resources Share Discussion Threads

[adorling] 23/12/2017 19:51

Bloody hell copper is already at our target PEA assumption of $3.25 over life of mine and the bloody mine is not even built yet. They are going to have to re-run the numbers for sure!!! Below is Bloomberg report.

“Copper futures for March delivery rose 0.6 percent to settle at $3.2385 a pound at 12:13 p.m. on the Comex, after touching $3.243, the highest since Oct. 17. Volume was just 15 percent below the 100-day average for this time of day, compared with 40 percent for gold, 51 percent for crude oil and 59 percent for corn.”

[mount teide] 23/12/2017 12:05

Copper continuously traded above the current $3.24/lb price for a period of 6 years between 2009 and 2014, peaking at $4.51/lb in 2010.

Following a period of multi year falls to $2.00/lb in 2015, despite a strong performance in 2017, the price has still only recovered just 49% of the former drop.

However, the main difference between today and when copper hit its record high in 2010, is that warehouse stocks in 2010 were close to decade record highs, whereas today they are over 70% lower at close to decade lows, with little likely-hood of the situation improving significantly in the medium term since capital expenditure to develop new production has dropped over 70% since 2013.

Add into the mix that copper went into deficit in 2017, which is expected to grow into something much larger by 2019 according to latest industry research - suggests the commercial timing to bring BKM into production during late 2019 could prove visionary.

AIMHO/DYOR

The shipping industry experiences a similar boom and bust commercial cycle once every 20 years or so. Shipowners that get their timing right(few do) and bring new shipping capacity(takes 2/3 years to build a new vessel from placing an order) into a market entering a period of growing supply deficit, almost without exception get the lions share of the often spectacular gains the sector routinely generates at such times of the shipping cycle. The last shipping boom peaked in 2008, following which the shipping market as measured by the the Baltic Dry Index(rates at which ships are chartered) dropped a staggering 98.8% before bottoming in Feb 2016. Despite the BDI since rising six fold off its bottom, its still in the foothills in the early stages of recovery some 90% below its previous cycle peak. The rise in the BDI has largely been the result of some shipowners responding to forecasts that the shipping industry will likely enter a deficit situation for the first time in over a decade next year.

[treadcareful] 23/12/2017 11:00

Merry Xmas to all ARS long term investors ( Ahh ! It's Xmas... even even short termers ) We all help 'stir the pot'

[mr roper] 23/12/2017 09:46

Cu currently at 3.24/lb.

[mr roper] 23/12/2017 09:28

Copper needs to break 3.30/lb. Would expect that in Jan.

[cyberbub] 23/12/2017 08:52

Copper has made a good gain the last week, but seems to have bounced off the previous high... let's see if it can actually break higher after Xmas...Best wishes to fellow investors for Christmas.

[adorling] 23/12/2017 07:01

We started the year off at 2.3p so a 400% return has got to be outstanding investing in any investors plans. We now have our biggest year yet about to begin and I cannot wait to see our new BKM mine take shape. Whilst timing on news may have been amiss by Management on several times this year Tony, Peter and Steve are taking ARS from developer to producer in the near future and then onto to sale no doubt.

I wish everyone a great Christmas and an exciting 2018 for ARS......my guess is we will be over 17p by end Q1 and 32p by year end 2018 so plenty of gains to come!

[scarymonster] 23/12/2017 03:42

Article on Bloomberg more than 22,000 contracts traded in 15mins in Shanghai this evening.

[mr roper] 22/12/2017 22:47

Doc Copper on a melt up.

Excellent Xmas to all when it comes.

[scarymonster] 22/12/2017 21:13

Merry Christmas all.

[hawks11] 22/12/2017 20:03

Nothing to do for an investor except enjoy the festive season. So Merry Christmas to all ARS's.

[huckle9] 22/12/2017 19:38

Have a cracking xmas guys. Let's hope for more gains in 2018

[okidokicoki] 22/12/2017 16:55

not a bad finish to the week and dr copper on the move :-) hope everyone has a great xmas and new year. craig d

[scarymonster] 22/12/2017 16:34

Yup, I think it always does last day before Xmas break.

[ryry0707] 22/12/2017 16:22

Did the market close early today?

[charles clore] 22/12/2017 12:39

Mr R - I suppose the BFS is mostly about processing data and if there is more data than originally planned for (more resource, better grades etc., then the timescale will slip. So I suppose we should be grateful for a bigger than expected delay.

[mr roper] 22/12/2017 11:35

Cyber, only a few months slip is pretty good in the mining game

[cyberbub] 22/12/2017 10:37

Bit disappointing if that's slipped too... I had thought probably April... sigh... never mind the copper isn't going anywhere...

[mr roper] 22/12/2017 10:02

Charles, in most of the recent interviews they now refer to H1. Reading between the lines looks clear to be q2.

[2lb] 22/12/2017 09:57

June / July for BFS having spoken to the bloke who will be managing the debt raise

[charles clore] 22/12/2017 09:51

Mr R - when did the BFS slip from Q1 to Q2? I must have missed that.

[cyberbub] 22/12/2017 09:29

April is only just over 3 months away...

[mr roper] 22/12/2017 09:27

I expect the bfs around April /May.

[cyberbub] 22/12/2017 09:11

Only about 3 months to BFS publication.... that's the only thing we need to target IMO...Good luck and Merry Christmas to all!