Asiamet Resources Share Discussion Threads

[bukowski750] 26/6/2024 15:47

Excuse the French I was supposed to put a few ## in

[adw198] 26/6/2024 15:45

I see all resolutions have been passed. DOID will be pleased. I hope everyone is braced for the forthcoming rogering, at which point I suspect the fake twitter and message board accounts will miraculously disappear.

I know for a fact that’s going on here.

[adw198] 26/6/2024 08:13

I’m just trying to get the projected revenue figure compared to the previous design. I don’t know it - do you? No worries if not.

[bukowski750] 26/6/2024 07:41

Is this your idea of a 'gotcha' moment? ROFLMFAO!

[bukowski750] 26/6/2024 07:40

It's obviously lower than the 2023 study isn't it?

[adw198] 26/6/2024 07:36

What’s the revenue please?

[bukowski750] 26/6/2024 07:32

Kiddo you know as well as I do the figures released yesterday, so don't try and troll someone on my level!Average cathode per year from 17 thousand to 10.1, life of mine cathode produced from 154.1 thousand tonnes to 122.4.Now let's talk IRR and I'll take you to school 'again'.......I would move base case to $4.18 and get the IRR to 30% plus ! Absolutely bossing things then!All imho dyor!

[adw198] 26/6/2024 07:14

Better still just give us the revenue figure. Happy to use today’s copper price.

[adw198] 26/6/2024 06:56

Morning Bradshaw,

When I got involved in 2021 the funding plan was 50-60% debt and a partner taking a slice for almost all the rest. They were quite clear about that.

Re the copper we’ll be producing from the new smaller mine, here’s where I’m happy to defer to your much better mining knowledge. If you’re saying the revenue forecast will be exactly the same, that’s great news! Is that what you’re saying though?

[bukowski750] 26/6/2024 06:26

Also, it's usually the case that shareholders don't know where funding is coming from before it's officially announced. I know you're not very bright, but this is basic stuff bruv.

[bukowski750] 26/6/2024 06:15

Maybe if you actually read yesterday's RNS - that's if you can actually read - you would know exactly how much copper per year and over the life of mine! This is not Phoenix copper bruv where they haven't got the slightest clue how much copper per annum !

[adw198] 26/6/2024 05:59

There’s not a lot to research. We don’t know how much it’ll cost, or how much copper it’ll produce. And even if we did we don’t know how we’ll fund it. Nor do we have even a vague timescale about when these questions will be answered.

That said some research would identify that we’re also going to need to some funding aka another wave of dilution, most likely to our largest shareholder who funnily enough have a stated strategy to transition to green energy. Incidentally they’re an Indonesian company which would also solve the local ownership requirements. I’m not sure it’s a sophisticated plot this one!

[bukowski750] 25/6/2024 18:19

For starters you don't know the updated economics. And they don't need to raise $250 million. Go and do some basic research, perhaps after being taught how to read, then get back to us, kiddo.

[meanreverter] 25/6/2024 16:45

The problem for ARS is that, for a company with a market cap of $25m, to raise capital of $250m for a project in a dodgy jurisdiction requires killer economics for its project — not just good economics. That will only be assured by a booming copper price. If you think there is a fair chance of that, then ARS may be a gamble at decent odds. Otherwise, look elsewhere. The present copper price is propitious, but unfortunately not really propitious enough.

[adw198] 25/6/2024 10:33

They stated they want to get something out of BKM and didnt (for whatever reason), that’s largely my point. They said by doing this it would help finance the BKM starter project so whilst the BKZ drilling was great it didn’t help with the stated objective. Perhaps they were too busy updating the market in the $35m optimisation savings they were working on at the time - another RNS that went missing.

The same raise allocated $1m for the permit and about the same for drilling Beutong so 2 more fails (if they even tried).

Proven liars this lot, only those locked in refuse to see it.

[bukowski750] 25/6/2024 09:34

Choo Choo !

[bukowski750] 25/6/2024 09:15

That kind of work, expanding BKM, especially after making the mine smaller and smaller, can literally be done 5 or 7 years after starting production, so no rush!All imho dyor!

[bukowski750] 25/6/2024 09:03

No they never expanded BKM. But with only four holes at different ends of the deposit, how could they? But they got valuable data I'm sure.As you pointed out, the aim of the 2021 drilling campaign was to expand the mineral inventory at both BKM and BKZ, and they hit it out of the park at BKZ, so I take that as a win! But it seems you're strangely fixated on finding and delineating the lateral and vertical edges of the BKM mineralisation, which is cool and all, but there were juicier targets on offer with limited funds!

[lurker5] 25/6/2024 08:31

Been looking at this for at least 15 years - on and off - mostly off. Could be worth buying once finance fixed. But last Optiva valuation was total nonsense - 'forgot' to allow for financing and costs, as well as using inappropriate NPV basis. Strictly 'wait and see'

[adw198] 25/6/2024 08:29

So did they expand the mine life and resource of BKM, or not? Straightforward question so let’s have a straightforward answer.

In answer to yours…

The existing study won’t be financed by Asiamet - I’ve been saying that for at least a year and it appears I was correct, although obviously you’ve said who cares to that which is funny.

The revised study that we have no timeline for and no economics on is obviously a harder question and thus a stab in the dark. But I think my experience of Asiamet means I can say I’d be hugely surprised if we can fund this one too. Hopefully we can get the funding required just to complete the latest study and keep the lads salaries coming.

[bukowski750] 25/6/2024 08:22

I still don't get your point. They budgeted for 3000 meters and had a compelling target at BKZ, which turned out to be a jewellery box. So they only did 4 holes at BKM, which require follow up work,.... who cares?They did the right thing and focused on BKZ and the drilling potentially and likely added over a billion dollars worth of metal to the inventory, you plank!Now back to the main course, is BKM financeable or unfinanceable?

[adw198] 25/6/2024 07:53

The ADHD has kicked in. Certainly not a good day to obsess about my trades in GMET , although you can take that up on that board.
My understanding is they were looking to make the BKM project more appealing - did the drilling manage to extend the BKM mine life and lead to higher annual production?

“Our BKM project is a rare advanced stage copper development opportunity with a high-quality feasibility study that demonstrates a strong production and cashflow profile. Significant scope exists for further enhancing project economics through the successful delivery of current value engineering works and further exploration to add mine life. Completing these programs, finalising permitting for mine development and securing a project financing package to advance BKM to construction ready are key value driving priorities for the Company this year”.

And

“Increasing the mineral inventory further de-risks the BKM copper project as part of the financing process through increased mine life, higher annual production and stronger support for the initial capital investment and any future expansion”.

And

“The planned 3,000 metre drilling program designed by Chief Geologist Patrick Creenaune aims to significantly expand the copper and polymetallic Mineral Resources at both the BKM and BKZ deposits which remain open in multiple directions. Several highly promising targets generated from a review of previous work combined with the geophysical survey data will also be tested. A full overview of the program will be provided shortly”.

[bukowski750] 25/6/2024 07:47

Do you still consider BKM an "Unfinanceable" project kiddo or do you reckon it's turned a corner?Would like to get you expert opinion in light of this new news. So financeable or Unfinanceable?Or have you set your sights on gmets Tungsten deposit ROFLMFAO!