Asiamet Resources Share Discussion Threads

[scarymonster] 01/3/2018 08:14

I thought you were going to say looking at yourself in the mirror to see how big your balls were.

[kjawoogie] 01/3/2018 08:12

Not measured them for a while but yes it needs faith and research and my looking myself in the mirror to look at the risk v reward.

[mr roper] 01/3/2018 08:11

Lot of us have been here since the 1-2p days, mark.

[mr roper] 01/3/2018 08:11

Lot of us have been here since the 1-2p days, mark.

[markth126] 01/3/2018 08:08

If you have the best part of 630k invested here you must have an awful lot of spare cash and balls! Well done.

[mr roper] 01/3/2018 08:05

Best small cap miner management team on the planet

[kjawoogie] 01/3/2018 08:04

Wasn't posting that to be arrogant just trying to illustrate I don't see asiamet as a punt. Everyone's holdings are relative and no matter what scale of holding you have there is still an excellent return to be had from here. Oxiana Tigers Realm EMR capital track record for building mines and calling the cycle. We are incredibly fortunate to have Tony Steve and Peter

[ifthecapfits] 01/3/2018 08:04

Being quotes 11.95p to buy!

[cyberbub] 01/3/2018 08:03

Markth you're being excessively pessimistic. The share price here could be £1+ in 3 or 4 years. By my maths that means you wouldn't even need *one* million shares to be a millionaire?

[lauders] 01/3/2018 08:01

Good news from ARS two days running. Well done for accumulating such a holding kjawoogie. You must have faith! Makes my holding highly insignificant but I am hoping to add when possible and if we stay under the 15p area for a while longer. If not then I will still be happy but not as much as you will be ;-)

[kjawoogie] 01/3/2018 07:53

I have 5.4m and it's not a punt just hours and hours of research and picking a team with the best mining track record on aim

[markth126] 01/3/2018 07:51

You'll certainly need a few million shares to be anywhere near a millionaire! That's a hell of a punt from these levels.

[mcpaulas] 01/3/2018 07:48

They could also just raise a loan on the £129ml and still retain their stake in KSK.

[highly geared] 01/3/2018 07:46

Yet more material news-flow.

My read of this is; ‘ give us 12-15 months and we’ll show the investment world, the market and all the mining majors how good an asset Beutong is. All formal offers for Beutong welcome from Q2 2019 but don’t bother unless the figure starts with a $ five, has two zeros after it and endswith the word million....’

Adoring hits the nail on the head, numerous shareholder millionaires will be created , especially those with a 3-5 year investment horizon...

[mcpaulas] 01/3/2018 07:45

This is going to be ARS year.Broker says they could sell their 40% stake in KSK valued at about £129ml.No need for a placing to raise funds if this happens.

[sos100] 01/3/2018 07:45

jailbird-they tend to raise at the existing share prices(unlike many other AIM companies)so that's not an issue
I'm surprised they didn't raise at 10p few months back

[gersemi] 01/3/2018 07:31

RNS




Thursday 01 March, 2018
Asiamet Res Ltd
Commences Drilling Beutong Copper-Gold Deposit
RNS Number : 3548G
Asiamet Resources Limited
01 March 2018

Asiamet Commences Drilling Beutong Porphyry Copper-Gold Deposit

Asiamet Resources Limited ("ARS" or the "Company") is pleased to announce the commencement of drilling on its exciting Beutong Copper-Gold Project ("Beutong"), located in Nagan Raya Regency, Aceh, Indonesia. Asiamet holds a 40% interest (earning to 80%) in Beutong through its local joint venture Company PT Emas Mineral Murni's ("EMM").

Beutong is a large porphyry copper-gold system, which comprises the Beutong East Porphyry ("BEP"), Beutong West Porphyry ("BWP") and the Beutong Skarn("BSK") as shown in Figure 1. Beutong has current JORC compliant Resources containing 2.4Mt (5.3Blb) copper, 2.1Moz gold and 20.6Moz silver on a 100% basis and 1.0Mt (2.1Blb) copper, 0.8Moz gold and 8.2Moz silver on a 40% attributable basis (see announcement dated 26 November 2014).

Highlights

· Beutong is a large high-quality copper, gold, silver, molybdenum deposit which outcrops at surface and remains open in several directions including to depth. Potential to increase the size of the deposits with further drilling is considered high.

· Geological observations indicate excellent potential for the presence of a high-grade copper-gold core at depth similar to that seen in some of the giant Asia-Pacific porphyry systems such Wafi-Golpu (Newcrest, PNG) and Grasberg (Freeport, Indonesia). Drilling designed to test this potential is planned.

· Initial drilling is designed to simultaneously test for extensions of the porphyry Cu-Au mineralisation to the east where previous drilling (hole BEU0900-01 794.5m EOH) intersected 374.4m @ 0.89% Cu, 0.20g/t Au from 4.8m depth (refer ARS Press Release 8 January 2018) and to obtain representative sample for metallurgical test work.

· Metallurgical test-work will assess the potential for developing a large-scale heap leach SX-EW mining operation to produce copper cathode at Beutong.

The BEP and BWP systems show zonation in copper mineral species similar to those observed at the Company's Beruang Kanan Main ("BKM") Copper Project in Central Kalimantan, with chalcocite, covellite, and digenite (Figure 3) dominating the upper parts (to 600m depth) of both porphyry systems. The first drill hole is designed to bisect the BEP from west to east in order to obtain sufficient material for planned metallurgical test work and to test extensions to the porphyry copper-gold mineralisation to the east. Metallurgical test work will be carried out to determine the leachability of these secondary copper sulphide minerals, with proposed programs comprising sequential analysis, column leach, agitated leach and bottle roll tests.

The Company plans to drill up to approximately 4,000 metres of PQ, HQ and NQ-size core in 8 holes, with individual angled drill holes up to 750 metres in length depending on drilling conditions. Drill holes have been designed to provide critical information on the vertical and lateral distribution of the secondary sulphide mineralisation, test the strike and depth potential of the Beutong system, and fulfil our commitments in respect of the IUP-OP permit.

Being located close to a sealed road, the logistics for drilling are excellent and will support timely processing and turnaround of samples and results. The drill camp and core logging facilities constructed by Tigers Realm Metals (Beutong was acquired from Tigers Realm in 2015), have recently been renovated to support the drilling and associated programme (Figure 4).

Peter Bird, Asiamet's Chief Executive Officer commented:

"Asiamet is very pleased to advise the commencement of drilling on its large-scale Beutong porphyry copper-gold project. We have been looking forward to the opportunity to daylight the intrinsic value of this asset since it was acquired in 2015 and having recently secured long-term tenure we are now well placed to re-activate drilling and development activities at a time when copper prices are rising and advanced, large scale projects with excellent nearby infrastructure are scarce. As the scale and grade of the Beutong deposit becomes more widely recognised we would expect to see a significantly enhanced level of interest in the Company and its activities. We look forward to reporting the results of the drilling and metallurgical programmes at Beutong, along with results from Feasibility studies at BKM and further exploration at BKZ and other prospects in the BK district."

END

[jailbird] 01/3/2018 03:33

Results in April. Be interesting to see how much cash left then. I know last cash raised was to complete DFS.
But there will be another call raise before that I reckon


Already see that happen with HZM

[adorling] 01/3/2018 01:52

Currently travelling in Kenya enjoying safari and just caught up with all the ARS news and listened to Tony on the Podcast. Such a brilliant Company to be invested in and to be led by an experienced Management Team who deliver what they say with such consistency. Looks like TM and the Team are going to create a lot of wealthy investors and no doubt many millionaires from those of us who continue to show patience and hold to see this ARS copper story out to the "end".

[mount teide] 01/3/2018 00:01

TM - what shone through during the interview was the intense focus of management towards creating shareholder value.

This is the level of application you get when an entire Board aligns itself with its investors, by funding their living expenses out of pocket for three years in return for incentivised share-options in lieu of ALL remuneration. (Other AIM Companies should take note - you could learn a lot from this Board).

The phrase "we're all in this together" beloved of cynical politicians, is actually close to reality with an investment in Asia Met - as a PI you can't ask for more than that.

[okidokicoki] 28/2/2018 20:33

Just listened to the Tony Manini interview and have to say it was fantasic. He sounds to me like him having peter on board has helped so much. I complained that he sounded a bit robotic when doing interviews a long time ago, but have to say the guy sounded very chirpy and the information he gave was brilliant. It must have been hard when he was doing everything on his own before. The man knows what he is talking about and he comes across so well and explains it so well to the investors like me who are learning as they go along . Well done Sir Tony Manini you did every investor proud in that interview.

[the manini] 28/2/2018 19:31

It's on it's way now. Broke and held out of the long term trading range today. I expect the price to move significantly higher now over the coming days and weeks. PDYOR as always.

[red army] 28/2/2018 19:17

Yes just listened to the interview - well upbeat about the whole thing and frustrated that the price is not a lot higher to reflect potential and risk mitigation to date.