Asiamet Resources Share Discussion Threads

[knobbly] 18/1/2017 12:40

Ahhh. Got you.

I agree.

[2lb] 18/1/2017 12:36

Drilling, in some shape or form, will be all year.

I am referring to the point at which sufficient data, drilling and results will have been gathered in order to issue a resource upgrade.

[knobbly] 18/1/2017 11:56

....LGW > When does current drilling campaign end.

...2LB > Expecting mid March


2LB. Don't think that's quite right.
I've got the following drill data from RNS's:
17/08/2016 3400m
15/09/2016 3800m
12/10/2016 4500m
15/11/2016 5600m
17/01/2017 6750m

Total drill target is 11000m which takes us to around August 2017 if the trend (which has been very consistent to date) continues. Maybe a bit sooner if an additional drill is brought online as Steve Hughes intimated in his interview yesterday.

I did plot this on a graph in Excel but but can't reproduced that here.

[2lb] 18/1/2017 11:38

What he said

[rapiddave] 18/1/2017 11:28

Agree. Really understanding the grades, intersections and strip ratios along with leach recoveries and the implications on project value is quite specialist.These things do however very much appeal to Copper producers (looking to invest / acquire), Investors looking to purchase offtake, sophisticated investors and Institutional Investors alikeTony Manini bought £100k shares recentlyMajor shareholders in the company (mining specialists) recently added to their % stake in the businessThese guys, along with the savvy private investors see the value of investing at these prices, based on the ever more positive news that comes from BKMWith recent improvements, double digit target on the cards here imo

[maverick247] 18/1/2017 11:10

Because most pi's dont understand the grades and scope. When an updated npv for bkm is produced and you the compare that to mcap, the reality sets in Imo

[red nutter] 18/1/2017 10:57

With such good grades in results yesterday - I am surprised to not see a bigger rise here?

Any thoughts why that is the case?

[lgw] 18/1/2017 10:49

Thanks, not long then.

[2lb] 18/1/2017 10:48

Expecting mid March

[lgw] 18/1/2017 10:47

When does current drilling campaign end.Have a few of these but have not followed recently, in for the long haul but spotted yesterday's rns.Glad to see share rising again today and not sold off.

[mike_f] 18/1/2017 10:42

250k delayed buy :)

[maverick247] 18/1/2017 10:30

Sells seem to be limited to weak holders with not much to chuck out which is why it could get interesting from this level given we have more drilling news in next couple of weeks and getting closer to resource update

[maverick247] 18/1/2017 09:53

Copper bouncing too

[mr roper] 18/1/2017 08:47

Get your flights booked for March/April, 2LB..7p should be in the bag by then.

[2lb] 18/1/2017 08:42

Nice buying this morning.

Any small sign of weakness will be mopped up by the educated and loyal core of holders so there is only one underlying direction of travel for the rest of 2017.

As and when we pass 7p I will fly to Indo to buy Steve a beer in the now famous pub.

I can also take a look at my mine being developed once I get there, I own enough of it.....

[mr roper] 18/1/2017 08:31

S Hughes

"This project is phenomenal"
" Strip ratios that you just can't find today.."

[mr roper] 18/1/2017 08:21

I'm still stunned by those grades...!! Beyond World Class!

"Infill holes BKM32600-03 (153.7m end of hole ("EOH")) and BKM32600-04
(159.4m EOH) drilled on the north-eastern end of BK044 Zone intersected
strong chalcocite/covellite mineralization just below the zone of
oxidation in each drill hole, with individual one meter intervals
returning up to 10.1% copper in BKM32600-04 and 4.8% copper in
BKM32600-03. "

[mike_f] 18/1/2017 08:06

3.18p paid early doors! 3.5p on the cards today? The news yesterday certainly merits it! GLA

[adorling] 18/1/2017 07:22

What an incredibly positive RNS yesterday's release was. BKM alone is going to be one of the highest grade copper, near surface mines in the world and we have not even mentioned Beutong, Jelai and Beroi - it just does not get any better for Management and sticky investors. We are on our way to seeing a $billion Company being made!

Tony Manini, Asiamet's Chief Executive Officer commented:

Asiamet is extremely pleased with these latest results from the feasibility study Resource evaluation drilling at BKM. These are some of the best intersections we have seen to date at BKM with greater thicknesses of mineralization than anticipated in several areas and excellent continuity of copper grade across the deposit. The drill out and upgrading of Inferred Resources to higher confidence Measured and Indicated Resources is a major de-risking/value enhancing milestone as it is only these higher confidence Resources which can be used in the economic evaluation and conversion to Ore Reserves. As such significantly increased valuation multiples are generally applied to Measured and Indicated Resources and Asiamet is very well placed to convert a large part of its Resource base to these higher confidence levels when an updated Resource estimate is completed at the end of the current drill campaign.

Overall the feasibility study on BKM is making excellent progress and with the recent capital raising now complete we are in a strong position to maintain the momentum at a time when the copper price is in the early stages of recovery.

Asiamet is simultaneously advancing a number of technical and corporate initiatives and we expect 2017 to be a transformational year for the Company"

[cyberbub] 17/1/2017 19:21

Someone has been dumping heavily into strength the last couple of days. But remember they can only dump once... and for now at least there appear to be plenty of willing buyers...NAI

[mr roper] 17/1/2017 17:19

oohhh..that's an interesting finish...

[2lb] 17/1/2017 16:39

It's totally priced out Maverick - and its 4 tikes the size of BKM with likely better grades!!!!

[maverick247] 17/1/2017 16:35

Given steve hughes mentioned relationships with indo mining govt dept were good id say its a possibility and to be honest ive been pricing it out at this stage and focused on bkm prospects alone

[2lb] 17/1/2017 16:29

We need to focus on 4p now.......

Just imagine if the Beutong production licenses dropped this month.....

[richsmithsmith] 17/1/2017 16:25

Nice to see trades happening over 3p today...