Asiamet Resources Share Discussion Threads

[adw198] 07/12/2023 08:30

Another one who chooses not to understand it produces less copper and makes less money. The way it *projects* marginally more revenue is by using a 21% higher price for copper. Shame they couldn’t get the previous study funded because that model would make a boatload if they achieved $4 copper. But it’s a bit pointless debating the 2022/23 FS because it’s already going to be out of date, hence being told to revisit it and get accurate quotes.

Nobody *here* cares about the Indonesian environment, people just want to make money. It’s disingenuous to claim to care about KSK when dismissing the locals at our other project.

[dixie normus] 07/12/2023 08:11

No it makes more dollars, check the LOM revenue 2019 v 2023 FS, kiddo !So nobody cares about the environment in Indonesia? Not even the good folks who will review Asiamets updated environmental permit application? Are you sure fella, or do you want to redact that bizarre statement.

[dixie normus] 07/12/2023 05:56

It's a smaller project footprint ie better for the environment that processes less rock and ultimately creates more dollars.Anyway quit with your boring arguments about the economics of a copper project back in 2019. It's a completely different world bruv!Why not, just to amuse yourself , work out what the economics would have been in 1972?Then as you progress in your ultimately useless hobby, you can work our the BKM copper project economics when Shakespeare was writing King Lear and when Genghis Khan set his sights on Persia.

[adw198] 07/12/2023 05:24

No, I’m saying it generates less copper and is less profitable. My understanding is the IRRs are based on the hypothetical prices we might subsequently receive per lb of copper. Clearly the higher one speculates that to be the higher the IRR. The previous study (we couldn’t fund)had better metrics, but i recognise most posters haven’t grasped that. And nobody can offer a credible account of how we’ll fund this ons, or what timeframe for that process will be. Nothing to cry about, just an honest appraisal.

[dixie normus] 07/12/2023 05:07

So are you saying the new study has a higher IRR and generates more cash over the LOM? Gotcha bruv.

[dixie normus] 07/12/2023 05:06

Aren't you on record saying you still hold and hang around here like a bad smell because in your opinion there will be some kind of liquidity event and upside from here? You should be doing the happy dance, kiddo, not your usual grey and downbeat stuff ! You actually and genuinely think a group is interested in the assets! LOL !

[dixie normus] 07/12/2023 04:55

And? Did I say the banks would lend? Moan harder daddy.

[adw198] 07/12/2023 00:44

The new ceo has a project that delivers 21% IRR using $4 copper, as opposed to one that delivered 19% using $3.30lb - which couldn’t get funded. No bank will lend Asiamet $120m at the moment and even if they did there’s still a $110m funding gap, along with circa 5years of funding Tony and the lads to pop up in London with some Poundland style posters.

The rebranded Bradshaw and the utterly humiliated (but indignant) Dorset being the bullish poster boys says a lot. :)

[dixie normus] 06/12/2023 15:22

The new CEO has totally reshaped the mine plan from back then. Processing 32% less ore whilst still delivering 89% of the cathode through targeting the best and most accessible ore!I reckon Punters should give him a chance and of course time ! Just imho!

[dav37] 06/12/2023 14:48

They have been talking about pit design since 2018 - should be well agreed by now.

[dixie normus] 06/12/2023 14:47

I reckon it shows that he's a dot the i's and cross the t's kind of fella. Taking a step back and thinking "have I got this right" ..should I get a second opinion? What about this way? Rather than Fuk it gung ho charge forward and to hell with the consequences kind of fella.

[dixie normus] 06/12/2023 14:40

Personally I think the fact that the CEO is talking about pit design and production schedule at this stage of the game, when folks are expecting the finance green light, and all that boring stuff to have been wrapped up in the 2019 FS....is, well, extremely bullish!But then again I don't think like you melts so there is that.

[2lb] 06/12/2023 12:45

Yes , but I wouldn't waste your time , just listen to any of the past 17, they are all exactly the same.......

[mwakie] 06/12/2023 12:39

Has there been an new interview?

[dorset64] 06/12/2023 12:27

You only joined advfn 5 days ago fella, so would say that's pretty new unless you've changed your name?

[dixie normus] 06/12/2023 12:20

I'm not new and I reckon i know more about mining than you, sunshine!IMHO the CEO is a perfectionist given that he is still optimising huge pieces of the cake. He has extensive operational experience and knows that it's better to get these things right at this stage, like figuring out where to plonk the gigantic heap leach !

[dav37] 06/12/2023 11:44

There is always another two steps invented to get to the previous agreed and announced time line, at this rate first production will be 2030.
Money for old rope springs to mind.

[dixie normus] 06/12/2023 11:09

Key takeaways here are detailed engineering and optimisation.Dazza talked of "enabling items that are required for the project financing package " so they essentially need to sign binding MOU's with the various engineering groups and get accurate costings before any movement on debt finance.Imho they need to close out the optimisation regarding pit design, production schedule and the final location of the heap leach pad as the engineers can't do much without knowing this, so I expect that will be the next RNS.So yeah you guys wanting financing news yesterday will have to cry a bit harder and maybe have a little cuddle with your mommy!ROFLMFAO

[2lb] 06/12/2023 11:08

Sadly predictable mostyn.

There is a dangerous mix of delusion, dishonesty and delay going on.

So we now have to assume that if they are saying Q1 then we should really be thinking Q2.


The October "corporate updates" were clearly nothing other than placeholders to support a discounted private placing to the puppet masters over at DOID.

With £3.3m in the bank, McClelland can keep taking his £500k salary, the army of advisers can keep getting paid for rewriting reports and we can talk to interested parties for the next six months and beyond.

Nice of them to thank shareholders for their patience yet again....

2024 - four years after initial target first production date.