Asiamet Resources Share Discussion Threads

[mrpiggy] 28/6/2017 11:46

Ayesha.... it's gone over 5p.... bye!

[dorset64] 28/6/2017 11:42

ayesha428 Jun '17 - 11:32 - 6900 of 6901 0 0
2LB

Its become traders share. I bought at 4.4 p and sold 500k of them at prices between 5.08 and 5.35......
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LOL!!!! Of course you did Ayesha

[mrpiggy] 28/6/2017 11:35

Don't worry about the share price boys and girls, that will soon take care of itself when news of this filters through!!It's the news we need to focus on and the news is fantastic. The big boys will be buying into this soon and the current share price will be a distant memory ;@)

[ayesha4] 28/6/2017 11:32

2LBIts become traders share. I bought at 4.4 p and sold 500k of them at prices between 5.08 and 5.35.Its disapointing but I am sure it will come good in time. Just feel theres a placing coming. If it shoots back over 5p I will sell the other 400k.

[cyberbub] 28/6/2017 11:30

Remember it's AIM - it would not surprise me at all to see the share price go red today!People just have to be patient while the MMs, spivs, shorters and profit-takers do their thing.The news today is excellent and will be reflected in the share price sooner rather than later now, IMO...NAI

[2lb] 28/6/2017 11:25

SP up 5% - don't know whether to laugh or cry......

[highly geared] 28/6/2017 11:16

Will be interesting to see updated NPV figures...
With c. 1 billion lbs of copper at current prices , its a c. $2.5 billion gross revenue asset. Deduct mining opex and Capex for mine development and we still have c. $1 billion LOM profit.This doesn't even consider the other areas outside the BKM pit. And, this is a minnow compared to Beutong...!

[mr roper] 28/6/2017 11:12

10.2015
Measured - 0m tonnes
Indicated - 15m tonnes
Inferred - 49.7m tonnes

6.2017
Measured - 20.5m at 0.7%Cu
Indicated - 28.7m tonnes at 0.6% Cu
Inferred - 17.7m tonnes at 0.6% Cu

staggering. Going to be a lot of happy EV's!

[mrpiggy] 28/6/2017 11:01

Hopefully the updated resource news will clear out the remaining sellers and then it's onwards and upwards!!

[mr roper] 28/6/2017 11:01

can't understand why we're only up 15%...bonkers

[adorling] 28/6/2017 11:00

Asiamet Resources CEO Peter Bird commented: The outcomes from the Resource evaluation work completed on the BKM deposit over the past year have been outstanding. Copper grades and tonnages have proven to be very robust with a 207% increase in the higher confidence level Measured and Indicated Resources and approximately 30,000 tonnes of copper added to the overall copper inventory. Most importantly 75% of the contained copper is now in high confidence Resources and 73% sits inside the PEA pit design. As such the conversion to Mineral Reserves is anticipated to be strong when mining and metallurgical studies are completed in coming months. We are very pleased with the outcome of Resource work and expect it will provide a solid base to build upon an already very robust Preliminary Economic Assessment.

[parthus] 28/6/2017 11:00

Much hilarity at reading your pie in the sky request !
Can't get much Bolly for £200 .. unless you know of a lorry that is shortly to be upturned....

[cyberbub] 28/6/2017 10:59

Very nice! That's a lot of copper!Over 700m lb measures and indicated, at (we were told) a low extraction and processing cost of $1.25 was it? So if copper reaches the $3.25 level, which seems likely, then that's $1.5BN in profits.Plus all the remaining copper at lower levels of confidence. And BKS, BKM etc etc.I am starting to wonder whether Horneblower's 100p target in 2 years' time is in fact feasible at a stretch?? Certainly if copper went to $4+, and the M&I resources doubled again say... then perhaps it is feasible...?NAI

[dorset64] 28/6/2017 10:54

parthus28 Jun '17 - 10:44 - 6883 of 6884 0 0
Dorset:

I have finally recalled the bowler hatted umbrella boys. Their polonium tipped brollies have been made safe for you..... for the moment ! As I am finally in (minor) profit...so there !
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Lol nice one bud and if you hang around I think that (minor) profit will become a huge profit into the future.

I'll expect the delivery of a case of the finest Bollinger to hit my door any day soon then :)

[maverick247] 28/6/2017 10:52

207% invrease!!!!!!

[mr roper] 28/6/2017 10:52

pretty unbelievable I have to admit..lol!

[ianbag] 28/6/2017 10:51

If Beutong licence lands soon also and we stay at these levels we are a sitting duck for a takeover.

[adorling] 28/6/2017 10:50

Bloody Hell - that is a superb BKM update!!!!!

[mr roper] 28/6/2017 10:47

28 June 2017 Symbol: ARS

Vancouver, British Columbia

Asiamet Resources BKM Resource Update

Copper contained in Measured and Indicated Resources increases 207%

Asiamet Resources Limited ("ARS" or the "Company") is pleased to report an updated Mineral Resource estimate for the Beruang Kanan Main ("BKM") deposit within the Company's 100% owned KSK Contract of Work in Kalimantan, Indonesia. The Resource has been independently estimated by Duncan Hackman of Hackman & Associates Pty Ltd (Australia) and a Technical Report compliant with NI 43-101 will be published and available on the Company's website and SEDAR (www.sedar.com) within 45 days of publication of this news release. As required under NI 43-101 Measured, Indicated and Inferred Resources are reported separately below.

HIGHLIGHTS

•Resource confidence significantly upgraded with contained copper in Measured and Indicated Resources increased by 207% in comparison to the October 21, 2015 BKM Mineral Resource estimate. The BKM Copper deposit is now estimated to contain Measured and Indicated Resources of 49.2 million tonnes at 0.70% copper containing 711.3MIbs (322,600 tonnes) of copper at a 0.2% copper cut-off grade (see Table 1 for details).


•Additional 66Mlbs (30,000 tonnes) of contained copper (0.2% copper cut-off grade) added to the BKM Resource inventory.


•Beruang Kanan Main Resources are now estimated as:


o Measured Resources of 20.5 million tonnes at 0.7% Cu containing 325.7MIbs (147,700 tonnes) of copper at a 0.2% copper cut-off grade (refer Table 1). The October 21, 2015 BKM Mineral Resource estimate contained no Measured Resources.

o Indicated Resources of 28.7 million tonnes at 0.6% Cu containing 385.6MIbs (174,900 tonnes) of copper at a 0.2% copper cut-off grade (refer Table 1). The October 21, 2015 BKM Mineral Resource estimate contained 15.0 million tonnes at 0.7% Cu containing 231MIbs (105,000 tonnes) of copper.

o Inferred Resources of 17.7 million tonnes at 0.6% Cu containing 241.0MIbs pounds (109,300 tonnes) of copper at a 0.2% copper cut-off grade (refer Table 1). The October 21, 2015 BKM Mineral Resource estimate contained 49.7 million tonnes at 0.6% Cu containing 657MIbs (298,000 tonnes) of copper.

•73% of the copper contained in Resources is within the April 2016 BKM Preliminary Economic Assessment ("PEA") conceptual open pit mine design.


The 2017 updated Mineral Resource estimate will be the subject of ongoing mining engineering and metallurgical studies as part of a BKM Feasibility Study and further optimisation of the BKM PEA open pit design is expected.

A leachable copper model for the BKM deposit will be constructed using sequential copper analysis data from all post 2013 drill core samples and an initial Mineral Reserve will in turn be generated from the Measured and Indicated component of this leachable copper Resource model. The Company expects to complete the feasibility study in early 2018 and make a development decision at that time.

The BKM Mineral Resource estimate is based on assays from 269 diamond drill core holes that were drilled from 1998 to 2007, from 2012 to 2013 and by ARS from 2015 to 2017. Mineralisation is contained within a near-surface, shallow-dipping and strongly mineralised system, that extends over an area of 1300m (N-S) and 800m (E-W) with depth extents ranging from surface to between 100m and 400m below surface (top to bottom). The 2015 Resource drilling programme undertaken by ARS was designed to delineate the extent and continuity of the BKM mineralisation and the 2016-2017 Resource drilling program designed to test for geological and grade continuity of the BKM mineralisation. Both programmes were completed successfully, meeting their objectives of both expanding and increasing the robustness and integrity of the Mineral Resource estimate.

Asiamet Resources CEO Peter Bird commented: The outcomes from the Resource evaluation work completed on the BKM deposit over the past year have been outstanding. Copper grades and tonnages have proven to be very robust with a 207% increase in the higher confidence level Measured and Indicated Resources and approximately 30,000 tonnes of copper added to the overall copper inventory. Most importantly 75% of the contained copper is now in high confidence Resources and 73% sits inside the PEA pit design. As such the conversion to Mineral Reserves is anticipated to be strong when mining and metallurgical studies are completed in coming months. We are very pleased with the outcome of Resource work and expect it will provide a solid base to build upon an already very robust Preliminary Economic Assessment.

[parthus] 28/6/2017 10:44

Dorset:

I have finally recalled the bowler hatted umbrella boys. Their polonium tipped brollies have been made safe for you..... for the moment ! As I am finally in (minor) profit...so there !

[bsg] 28/6/2017 10:42

Under 4p is a bit of a pipe dream now.

[mrpiggy] 28/6/2017 10:39

Oink...... oink oink oink oink!!!! ;@)

[walter walcarpets] 28/6/2017 10:38

someone post a Kylie rocket!