Asiamet Resources Share Discussion Threads

[cpap man] 15/8/2017 10:37

Broker note from share price Angel on ARS



Asiamet Resources (ARS LN) 5.1p, Mkt Cap £43m – Filing of updated resource report

Asiamet Resources reports that it has now filed the independent technical report relating to the resource upgrade at its Beruang Kanan Main (BKM) property in central Kalimantan.

The measured/indicated resource, reported at a 0.2% cut-off grade is now 49.2mt at an average grade off 0.7% copper with a further 17.7mt grading 0.6% copper classed as inferred.

The new estimate, which has been reported earlier, represents a 200% increase in the contained copper inventory of BKM and the company reports that 73% of the resource lies within the conceptual pit outlined in April 2016 Preliminary Economic Assessment.
Ore reserve delineation and further definition and optimisation of the open pit configuration forms part of the full feasibility study for BKM which is expected to be completed early in 2018.

Conclusion: Asiamet is moving ahead with the BKM project and has also identified additional targets at BKZ, approximately 800m to the north to follow up. We look forward to continuing news on the progress of the BKM Feasibility Study.

[barneycosmo] 15/8/2017 08:55

Well said 2LB

[mrpiggy] 15/8/2017 08:36

Your funny poundy!! :@)

[charles clore] 15/8/2017 08:26

This is huge and getting even huger but is still obviously below the radar with no institutional buying apart from placings. They are allowing PIs to buy on the open market at these ridiculously low prices. Most generous of them!

[sos100] 15/8/2017 08:15

mcpaulus-we still have beutong and the other areas of BKM

there's wasn't much comments on yesterdays podcast but the company is hopeful of starting more exploration work at Beutong by the end of this year..
that asset is suppose to have the potential of 70-80k tonnes of annual production , doesn't look to me that it's even priced into the present market cap...

[2lb] 15/8/2017 08:07

18-24 months max and that is hardly news now is it....especially as at that point we will be 30p plus and copper will be over 3.50

[timw3] 15/8/2017 08:07

Heads up Seller cleared at AAOG... $800m spud in 4 weeks!!

AAOG without doubt in play now seller out with that 1m sell printed after hours.

Fincapp valuations:

Mengo hit 750bopd - £70m MCAP - £1
Djeno hit 10k bopd - £750m MCAP - £10

So £11 potential vs 28p share price

Current market cap is only £10m once cash is stripped out.

£10m cap vs $1billion potential...

No brainer at these levels.

60p+ target at least prior to spud in 4 weeks

[mcpaulas] 15/8/2017 08:06

Lots of copper but also lots of time before we get anywhere near production 2/3 yrs.

[maverick247] 15/8/2017 07:56

207% increase over 2015 projections and more can move the the messured category:-)

[impvesta] 15/8/2017 07:21

"adorling15 Aug '17 - 07:16 - 7591 of 7591 0 0
RNS .....our BKM Cu just got a whole lot bigger by 207%!!!"

adorling, we already knew that 6 weeks ago:

"As announced on June 28, 2017 the highlights of the updated Resources are:...."

[adorling] 15/8/2017 07:16

RNS .....our BKM Cu just got a whole lot bigger by 207%!!!

-- 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).

[hawks11] 15/8/2017 07:11

Well one day they will no doubt release some bad news but this is better than good I believe, what will the day bring I wonder.

[mr roper] 14/8/2017 22:24

It's a monster of a document. Some very interesting sections though. Think I'll need a couple of days to go through it properly though.

[mr roper] 14/8/2017 22:09

Thanks Rich

[richsmithsmith] 14/8/2017 21:46

The updated tech report is out on Sedar... 450 pages.Link below http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003859

[mrpiggy] 14/8/2017 19:34

P.S. Lnp/mt thanks for your input... all wise words.

[mrpiggy] 14/8/2017 19:21

Adoring, I agree with all of what you said, had the same shxt with solgold and held there till it came good so I'll do the same here,it's a pig thing.... we just get grumpy sometimes!I have a big holding here and plan to unload around 2022 when it should be flying(hope I'm right about that one,I've got a bad track record so far!).

[mount teide] 14/8/2017 19:15

MrP - should everything at ARS, go largely to plan over the next three years and the share price reaches circa 25p+, looking back, whether your average price was 3p, 4p or 5p will probably prove of little consequence!

Trying to trade a fraction of a penny off your average price in a company like ARS, is fraught with risk, since it carries the danger of being proved extremely ill judged should License News, which could come along at any time, drop when you least want it.

AIMHO/DYOR

[letsnotpanic] 14/8/2017 18:33

Leaching results are imminent and I have a feeling news of a certain incense is round the corner. With copper prices trending north I think we will all be as happy as a pig in mud if we stay long ?

[mrpiggy] 14/8/2017 18:14

I'm with you Charles Clore!I've been 100% consistent where it comes to ARS... 100% wrong!I was convinced this share would start to re-rate today, once again I thought about hitting the sell button to get a better entry level & once again I've been punished for holding!We get rid of one seller only to be inundated by multiple sellers!This share is totally in the hands of the rinse & repeat brigade.... sell on any rise above 5p and buy back in when it drops sub 5p.... then rinse & repeat,ditto,ditto,ditto!Since investing in late April/ May on the strength of the news flow to come out I've been at a range of loss between 10-25%. After Fridays RNS I was convinced we'd turned a corner but wrong again. Jeez..... give me a break!Common sense tells me that eventually this will show true value but not while it plays into the hands of the rinse & repeat brigade. Not even the huge rise in copper prices has an impact on ARS. It would be easier to raise the Titanic!Sorry for being a grumpy Piggy regulars....disappointed to the max!

[justsomeguy] 14/8/2017 15:57

The 500k buyer at 5p seems pretty relaxed, smart money following smart money.

Agree with the predictions of a sustained move coming to 8-10 level

GLA

[maverick247] 14/8/2017 15:55

Its risen 20% in last few weeks and alot before JPM announcementTrend is up pullbacks par for the course As roper says relax and trust your investment mate