I honestly think Manini is gonna make you lot look like a bunch of absolute weapons, buffoons if you like. I've got a sneaky feeling he will emerge victorious, rise from the ashes and have the last laugh!His masterstroke, IMHO, was appointing Mclelland a few years back!All IMHO...dyor! |
Furthermore, im not pretending that Prosys have been appointed to help build a mine that's actually being built, because I'm fully aware that Asiamet haven't started building a mine yet.But if in the future Rexline and BGRIMM build Asiamet a mine with Prosys project managing it, I will come back to this and demand a full, frank and sincere something roughly equating to sort of an apology!Imho dyor! |
Apparently they are developing a detailed manpower schedule utilising a 100% Indonesian team, and ECPM cost estimate.Do you think it's better to get the funding first and then scramble around for a Rexline, a BGRIMM, a project manager. Or put the foundations in place first?Obviously the banks want to see everything in place first m8! |
They’ll help get some quotes in to build a mine. Fair?
It’s like getting someone in to collate all the costs of a house build. Hopefully they can bring them down but let’s not pretend they’ve been appointed to project manage a mine being actually built.
But if it is such material and significant news how come they didn’t do it previously? |
On the contrary m8, markets become highly investable at times like these. The time to buy is when there's blood on the streets said someone a long time ago. |
MT - happening across the board ,latest one is HUM
has UK stock market become uninvestable? |
@bukowski
“Considering in the circa 9 year history of Asiamet they have never appointed a professional and well respected project management firm to manage the mine construction, I would say it is material, exciting and wonderful rather than Pointless and empty!!!”
They’ve not been employed to manage mine construction because we have no capital for mine construction. They’ve been
“engaged to provide project planning and project management deliverables to feed into a capex estimate update”. |
Pointless and empty? Considering in the circa 9 year history of Asiamet they have never appointed a professional and well respected project management firm to manage the mine construction, I would say it is material, exciting and wonderful rather than Pointless and empty!!!But hey we're all different!! You 2lb, more different than most, granted! |
Things are getting real now with the appointment of Prosys for project management. Done a bit of research and they have completed some impressive projects for some impressive clients !! Been in the game since 1987!Way to go Darren great job IMHO!!Tick tock!!!! DYOR!!!! |
Comfortably below the placing price now. |
Thanks Bukowski750 |
There was another article saying Rexline have completed the BED - basic engineering design, now they have to to the detailed engineering design, I don't know if they shorten that to DED. ..ROFLMFAO!Anyway as one can see the amount of detailed engineering that goes into building a greenfield mine is insane!All imho dyor! |
 This is a translated article from a few weeks back. SURABAYA, iNewsSurabaya.id Rexline Engineering Indonesia has successfully completed the Basic Engineering Design (BED) for a copper mining project in Central Kalimantan, which is being developed by Asiamet Resources subsidiary, PT Kalimantan Surya Kencana (PT KSK). This milestone marks a significant step forward in the BKM project and is part of a work focused on reducing the initial construction capital costs of the BKM project. The comprehensive scope of work performed by Rexline focused on the design and cost estimation of materials and project handling facilities that are critical to the operational efficiency of the project. The material handling area includes a 3-stage Crushing Circuit, ore bedding, a 620m conveyor system and a mobile crusher system for copper ore stacking at the BKM Heap ...The company's proven track record of quality in large-scale infrastructure development underlines its ability to execute projects that comply with high efficiency and safety standards.In addition to the engineering design, Rexline has provided detailed cost estimates for the procurement and supply of equipment for primary processing in the material handling system as well as project costs for all material supplies associated with the design of the processing plant.The partnership between Rexline and Asiamet Resources strengthens Rexline's role as a key player in infrastructure development in the mining sector of Central Kalimantan. This collaboration highlights the importance of leveraging local expertise to achieve successful outcomes in complex projects in the local context.Head office of PT Rexline Engineering Indonesia located in Surabaya, Rizal Sholfiyah as Chief Operational Officer said, the material handling system for the BKM Copper project consists of 4 main components.First, 3-Stage Crushing Plant. The design starts from the Run of Mine (ROM) ore storage area to the Apron Feeder, Primary Sizer, Secondary Sizer, Tertiary Screen, and Tertiary Sizer. All connecting conveyor systems adopt Rexline internal design. The design capacity of 600 tons per hour is determined by the client.Second, the Ore Agglomeration System. The crushed ore is fed into the Agglomeration drum along with an acid solution to condition the copper ore before being sent to the heap washing facility.Third, Overland Conveyor. A 600 m long conveyor designed to move agglomerated ore to a heap leach facility. Several special features were required in the design of this conveyor which were accommodated by Rexline.Fourth is the Heap Leach Stacking System. Consisting of a fixed tripper conveyor system which is then transferred to a series of "Grasshopper" moving conveyors through a radial stacking system for ore placement for copper leaching. |
All this from a guy who was openly telling everyone on here to buy, buy, buy, then a day later that the management were so poor he sold out. |
Copper is indeed valuable, what is the current monthly production? |
"The Company looks forward to progressively advising the market on further results from this capex optimisation work as it is received from our engineering partners over the coming weeks. "Two and a half months later , absolutely zero updates , they just can't stop lying. |
Copper should absolutely fly in the medium - long term. When the world economy and demand peaks, it’ll most likely coincide with a supply shortage / crisis.
Whoever takes and develops KSK to production should make an absolute fortune.
Those who agree with the above should reflect on whether our well resourced in country major shareholder, with a stated objective to transition to green energy, would be content to let the AIM investors have half of that prize. I know what I’d do if I was DOID… |
Maybe. But I think copper will outperform in the next few quarters. Let's see. |
With the world as it is today, can't see that happening for a while imo but, once it does find its feet again, it will hit $5 pretty swiftly imo. |
Copper to $6+ soon. Get onboard here before it moves sharply higher. |
I wonder why they had such a short window to buy? Not important either way is it though.
I had another re read and spotted
“Importantly completion of this work will enable the Company to progress project financing *to an advanced stage*…”
Noteworthy no time given for when they expect financing to be *finalised*. The saga continues it seems! |
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