Asiamet Resources Share Discussion Threads

[horneblower] 05/9/2018 17:16

zho,
It's not outside the bounds of possibility but sounds extravagant to me.
I'll investigate.

[shareideas1] 05/9/2018 17:13

Where will Lundin look next?

[zho] 05/9/2018 17:08

>>Surely, shome mishtake.>>

Is it? Sorry if I've got that wrong but it's what the Nevsun presentation says on page 10, and it tallies with figures on page 12.

[horneblower] 05/9/2018 17:05

27Mt at 3.3% cu ?

Surely, shome mishtake. Ed.

[zho] 05/9/2018 17:00

cyberbub,

>>But how much is inferred/indicated/measured at Nevsun compared to Asiamet?>>

The Nevsun presentation says "Probable Mineral Reserve 27Mt at 3.3% cu" so that's 11 times as much copper as Beutong, at a higher grade, before upgrades to Beutong from this year's drilling.

[cyberbub] 05/9/2018 16:53

But how much is inferred/indicated/measured at Nevsun compared to Asiamet?

[charles clore] 05/9/2018 16:10

Crazy price with ARS under £95m for the whole caboodle!

[dsqjei] 05/9/2018 15:49

Having read an article on this. Nevsun estimates the upper of the Timok mine to produce more than 1.7bn lbs of copper with a 10 year mine life.Compare this with Beautong from the latest drilling 5.3bn lbs of copper. That's just the copper alone and only Beautong

[uapatel] 05/9/2018 15:34

Link was from ARS tweet about 30mins ago

[uapatel] 05/9/2018 14:55

Funny ole game this is. Few days ago I could not even purchase 5K shares because (according to my broker) a transaction was being dealt with. At time I thought that meant a big buy order was coming in. Now we have a 500K sell, or at least that's what it says. Go figure?

Anyways, good luck all holders.

[horneblower] 05/9/2018 12:16

A 500k sale at 10p has temporarily arrested ARS's ascent. However it has not knocked the recent rise off course. Imo it would have to close below 9.8p for that and I don't think that's about to happen.
GLA.

[dorset64] 05/9/2018 11:59

CC I'm sooooo so glad you're not the current Governor of the Bank Of England.

If there's an impending slowdown sure, less cars will be sold, less houses will be built etc etc BUT, the deficit of copper will still be growing against current inventories and even more so if the copper price took a hit. All this would mean is less investment in copper mines all the while the deficit gains momentum. Eventually something will have to give and it will be the copper price that's for sure.

So if there's a slide in world economy, we still have the product in the ground and a reduced price to recover it, if there's an expansion in the economy copper price increases and so does our portfolio.

Whats not to like about copper and specifically Asiamet right now.

[mount teide] 05/9/2018 11:30

cc - the global economy today is so interconnected its virtually impossible for the US economy to avoid taking a hit if the rest of the world goes into a downturn.

The large economies now largely all fall or rise together - decoupling from the general direction of travel of the global economy is no longer an option.

[charles clore] 05/9/2018 11:21

Mr P - I can only write how I see it. I wish I could paint a more colourful picture for everyone.

MT - so Trump is playing the system so that he will be re elected? Do you think Trump cares about dragging the rest of the world down as long as America comes out on top? He seems to be making a pretty determined effort right now.

You both make good points but in a world where almost everything is manipulated I can't imagine the outcome will be beneficial for the masses.

And thank you Mr R!

[mr roper] 05/9/2018 10:50

Before it collapses. ..just thought I'd add that for Charles ;0)

[mount teide] 05/9/2018 10:46

cc - even at the height of the worst global financial crisis for 70 years copper demand only dipped slightly for about 6 months. Other than that demand has rise 2-4% a year for the last 50 years.

Trump wants to get re-elected he knows this will be impossible if he instigates an all out trade war. Once his ego is sated by achieving some modest revisions of the US's current trade deals he will call the dogs off and market fundamentals will again drive pricing as it should in an open, free market.

[mr roper] 05/9/2018 10:34

Bhp taking a premium stake in Solg. A pretty capital intensive project. Copper at its lows....hmmmm.

Beutong ....

Cherchez la femme, Bucky.

[charles clore] 05/9/2018 10:31

If the trade war continues the demand for copper will be postponed, possibly for years imho. The world will go into recession and copper warehouse won't be an issue anymore.

[mount teide] 05/9/2018 10:05

Jailbird - Improved trade relations between the US and China will certainly help but mostly the ever looming threat of a huge copper market deficit developing over the next 5 years together with the current near decade low warehouse stock levels will almost certainly be the key catalyst to drive pricing back up.

Its why virtually no copper miner is interested in selling its producing assets today - they believe/know the valuation will be much higher in a few years time.

[jailbird] 05/9/2018 09:57

Bob Woodward's book is s not worrying if any of it is true .Wish some would pull the plug of Chinese trade war , it is getting out of hand

[mrpiggy] 05/9/2018 09:44

He may be jailbird but he has a lot of support with the working class Americans and if he can broker a better deal for the US he will be seen as a hero.

[jailbird] 05/9/2018 09:41

MrPYou are probably right thereWe know Trump is crackers Sometimes ppl think there some sense in his sanity .. but I am not sure .. it is an ego trip for him

[mrpiggy] 05/9/2018 09:34

Without a doubt in my mind jailbird the turnaround in metal prices will come when Trump and Xi come to a trade agreement but as this link shows they are poles apart so I don’t expect a turnaround this year.

[jailbird] 05/9/2018 09:19

Ok interesting ... metals are bring manipulated ... Only recently pullbacks were being bought up again because of demand/ supply story and wider deficits .These cannot be manipulated forever We know EV will pressure these niche metals for batteries So MT what do you think will cause the turnaround in metal prices ?