I think everyone knows that is DOID at a discount - $5m comes this way soon. |
As football managers often say, that's a nice headache to have! Why don't you call the CEO and ask him? |
I didn’t mean where is the money coming from to build the mine, I meant how many more rounds of dilution would be required just to pay Asiamets corporate overheads, seperate to the build costs? |
Now i know you're going to say yeah but where is the money coming from? So, for the perhaps 45th time, nobody knows, yet ! |
I guessing the highly experienced and more than suitably qualified mining professionals running the company have and will, thought and thunk about that, kiddo! |
Time is money.
It won’t happen at all, but even by your optimistic prediction of building it next year, don’t you realise how many years it would be before we produce? And where is that money coming from? |
People need to snap of of this how long, when will it happen mentality. If you're so interested in time, go and buy a Rolex and shut the hell up....entirely my humble opinion! |
According to S & P global, the average lead time to bring a mine into production is now 17.9 years, so in my estimation, Asiamet are bang on target! |
 Feasibility Studies 2019-2025 - Project Capital Costs (excluding contingencies and before adjustment for inflation):
$192m - 2019 FS-1 - 9.1 year mine life with up to 25ktpa of copper cathode
$208m - 2023 FS-2 - 9.2 year mine life with up to 20ktpa of copper-cathode
$128m-$158m - 2025 - FS-3 - 9.2 year mine life with up to 20ktpa of copper-cathode?
Roy 'Chubby' Brown pays good money for material like this!
And these clowns expect to be taken seriously after 6 years of making themselves look complete fools by crashing the share-price by circa 94% after telling the market they were now going to use their multi decades of industry expertise to 'monetise' the assets for shareholders........$1-2/share price targets were even mentioned at the time by shills close to the company!
AIMHO/DYOR
ps: if the new MD was brought in for his 'expertise' at putting together highly competitive development costings for new projects, it begs the question as to how he supposedly found these new 'savings' over what he found when putting together FS-2! |
ADW-'drip fed telegram propolaganda'...You really are an idiot Andrew, in fact so much so it's no wonder people laugh at you. |
Who could've forseen that? Well, given the backdrop of wars and inflation....me ! |
So after FS2 they have spent 16 months confirming that no one is interested in financing the project. No lead bank, nothing. Who could have foreseen this? |
Personally next year for financing imho, best to get everything sorted and get good terms innit. Waiting is good for the soul, like pain from stretching feels extremely uncomfortable then absolutely amazing...entirely my personal and humble opinion! |
If they can get lime from up the road instead of shipping it from Surabaya then trucking it 400 odd klicks...... absolute win winner steroids! Great news hopefully drilling at Rinjin soon !!! |
Good update that - in isolation.
Sadly the elephants in the room remain in that we don’t know how long the work will take or the likelihood of getting finance when we do complete it. Plus the fact we’ll need funding which I suspect will be sorted in the next 6 weeks. |
Patience all that is required here imho. Not everyone has the minerals tho. |
That’s fortunate. I hope anyone who listened to you describe how good an investment this was whilst you drip fed Telegram propaganda here is equally fortunate. |
As I've said many times andrew, I've put a large sum in this and if it comes right, I make an absolute fortune. If it doesn't, I move on, it won't change my life and my kids will still be fine. Life's a gamble, and sure as he'll aim market is. |
@Dorset - quotation marks “ “ are best saved for things people have actually said, rather than the things you’d rather argue against.
Asiamet won’t take this to production imo. In which case the investment case will presumably to be to sell that asset? Leaving what?
Unlucky Dorset, you got played like the rest of us. |
No such thing as Twitter. Keep up. |
Yeah I probably had in mind you, Dorset, and the fake twitter account of Drew as the main bellends who won’t hear a word against the prospects here. |
What kind of offer do you envisage? Bearing in mind you consider Asiamet management to be, and I quote, sewer rats? |
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