Asiamet Resources Share Discussion Threads

[richsmithsmith] 14/12/2016 11:23

Just talking about the KSK Copper and Gold Project (BKM is part of this) I suspect some investors might have missed the potential size of the project we’re talking about. Beutong and Jelai when they land will be big and yadda yadda yadda (we all know this) and maybe because they’ve been the focus of some groups of traders waiting to buy on this news we’ve missed the thing in front of our faces.

So ignoring all that if we look at the published PEA numbers we get a net present value of $204M (page 12, company presentation) but that’s just for BK Main (aka BKM). In the map on page 8 of the company presentation BKM is the zone in the middle on the right, there are other zones in the KSK Copper and Gold Project.

I’ve approximately worked out the area of each zone (assumed the map is to scale).

BKM = 3.68km squared
BKWest = 4.62km squared
BKSouth = 2.4km squared
BKZ = 1.92km squared

This makes a total of 12.62 square kms. The PEA net present value of $204M is from 3.68 km squared (BKM) of this or 30%. Little drilling has happened in the other zones but we know that they have a couple holes in BK South and this shows mineralization continues south.

The other zones contain Copper but also Gold, Lead, Zinc and Silver. These are all within trucking distance of the BKMain plant and as they’ll be an operating mine within a couple of kms the economics of adding in these new zones must be very attractive.

So… not only do we have a very conservative valuation applied to BKM in the PEA which was released earlier this year. The results released last few months suggest the value after tax of BKM will be improved (longer mine life, better resource continuation, lower capex being explored, better strip ratio, low acid requirement for leach process and a better strip ratio) the prospect of extending this project in all directions offers incredible upside. The company’s focus is the feasibility study at the moment but as the new zones get drilled, reported on and factored into valuations the $204M NPV should increase considerably.

As ever… GLA/DYOR/NAI… have a look at the numbers and make your own mind up. I know several people have quietly built multi-million share positions in this stock this year while traders have bought and sold out on spikes for small % gains. Here’s to 2017…

[mr roper] 14/12/2016 11:15

bought 70000 yesterday, 2LB, so I've done my bit :0)

would suspect the news will drop post the placement date, so action around Dec 20...

An ops update on BKM or explo update wouldn't harm us...

[2lb] 14/12/2016 11:07

Another mark down on small sells that are , bizarrely, increasing in their sell price.

May need us all to orchestrate buying 50k shares each in one day to change things around - used to work a treat on the EME board a while back.

Actual bid currently 2.336

Two weeks of December left - what odds the Beutong license dropping and blowing the share price away before year end........

There appears of money tied up in MRS and CTAG at the moment which isn't helping AIM liquidity in general.

[cyberbub] 13/12/2016 14:55

Ah yes I do actually remember now, doh! As you say it won't affect us as we plan to be producing copper cathode directly.

[okidokicoki] 13/12/2016 14:53

yea we will be making copper cathode which is the finished product so not a problem for us

[okidokicoki] 13/12/2016 14:52

yea we will be making copper cathode which is the finished product so not a problem for us

[cyberbub] 13/12/2016 13:52

Hmm. .. there is a mention of "Indonesian export problems" in that article... can anyone shed any light?Naturally even if we had to give preference to Indonesian demand before exporting any copper, I don't give a stuff as long as we get the market price for sales :-)

[mr roper] 13/12/2016 12:44

Should be due an ops update on BKM and also an explo update on BKS, BKW and BKZ shortly.

[okidokicoki] 13/12/2016 12:08

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett

[ap1982] 13/12/2016 11:52

Is this piece of sh1t ever going to do anything?

[2lb] 13/12/2016 11:37

Three days of solid buying - nothing One 250k sell , marked down Standard stuff

[okidokicoki] 13/12/2016 11:09

Morning all not sure if this is old news but the Corporate Presentation on the Asiamet Resources website has been updated . Especially like the line 3 quarters of the way down on page 5 "Assets with potential to build a +1 Billion business" very nice indeed.

[angus thermopyle] 13/12/2016 10:15

Very quiet.Just added 100k

[osawyer90] 12/12/2016 17:37

That tells us all we need to know the majority of the shares are in the right hands now

[cyberbub] 12/12/2016 16:57

Lowest volume day for months...

[cyberbub] 12/12/2016 14:12

I am hoping we start to see some action in January as we get closer to resource upgrades... let's see. GLA

[the manini] 12/12/2016 11:15

Goldman basically admitting they called it wrong lol

[tromso1] 12/12/2016 10:45

Goldman sees 'bullish' environment for copper through the first half of 2017

[tromso1] 12/12/2016 10:45

Copper price jump: China concentrate imports hit record

[scarymonster] 12/12/2016 09:56

I've requested that nobody buys any this week so I can top up Friday when I get my funds.

[2lb] 12/12/2016 09:25

Both good news - signs of the shares being more and more in the hands of long term holders happy to sit and wait for the multiple returns.

[cyberbub] 12/12/2016 09:23

No posts since last Friday, no trades in 90 minutes today, what's going on?