Asiamet Resources Share Discussion Threads

[tidy 2] 30/11/2017 03:07

Box smart guys don't be a baby sitter. Dreams don't pay the bills. ;) ;).

[horneblower] 29/11/2017 23:37

What is the end-product of BKM and what is the end_product of HZM's nickel mining?

[highly geared] 29/11/2017 23:05

Jailbird; production at BKM will also be late 2019 as per HZM.

My comments above relate to Beutong.

The longer term upside with ARS is they will be in full production on BKM as they take Beutong through PEA then into a substantial drilling expansion programme to firm up more measured/indicated resource and then to BFS.

However, I don't see them getting that far ; with the production licence in place , that, along with BKM , will be the trigger for a major to buy us out.
At what price is anyone guess but nothing short of £500 million will be sufficient based on the combo of BKM nearing production, a multiple BKM developing out of BKZ, BKW , Baroi and the monster Beutong.

TBH; what interest me more at this stage is how advanced they are on finance for BKM- it will be better for everyone if they already have it lined up, so by March/April 2018 we have a BFS and finance in place. That way , BKM can be fully valued (25-30p/share) and if Beutong has the production licence, even a 90% discounted PEA makes that worth c 15p and throw in buttons for KSK and you get to 50p/share without having to think too much.

The much vaunted Beutong production licence will be a relief as it's been imminent for over 2 years....!

[mattjwhity] 29/11/2017 22:18

Steve's on Proactive tomorrow morning release.Still standing by BTong sometime in mid December, but will happily eat my hat if it drops tomorrow.Cracking RNS potentially speeding up early payback.Good luck all

[jailbird] 29/11/2017 22:15

Chaps Going back to the debate on HZM if I mayJust been reading an earlier post by HG hereTaking a middle position on conversion of inferred , that gives an in the ground value of c $14 billion. But, based on long term copper projections and assuming earliest production is c. 2022 , copper is likely to be higher, ditto gold/silver.Capex will be considerable but working right back to PEA , assuming they do further drilling to move some inferred up to indicated, when comparing a likely doubling/ tripling of the copper inventory ( when compared to BKM) and including the precious metals and Moly, it,s hard to envisage a PEA NPV lower than $1 billlion based on an 80% interest.Assuming the production licence lands in the next 2 weeks , they should be able to generate a PEA by summer 2018 and a BFS by 2020I am assuming these timescales are accurate ?Doesn,t this make the case for HZM stronger actually since BFS completion will be Q1 2018 and production expected late 2019ARS is 2 years further to production than HZM.

[plasybryn] 29/11/2017 17:06

Thanks Mr Roper

[mr roper] 29/11/2017 17:05

Plasbryn
hope this helps address your points

JV partner - certainly for Beutong, for BKM i think they are looking for a local minority stake partner..

Funding for BKM is estimated at approx 160m bucks. Fund raising would roughly be 1/3 equity to 2/3 debt

BKM BFS is due by end of Q1. Then production expected late 2019.

[plasybryn] 29/11/2017 16:49

I popped into the stand at Mines & Money. I can't say I know much about this stock, so please bear with me.
But given all the bullish comment around on copper, I thought I would take a look.
I spoke to Sashi Sethi Managing Partner of "flowcomms" and also to Stephen G. Hughes, Vice President Exploration.
I was impressed that JP Morgan came on board recently with a sizeable 8.31% holding & I was told the Board hold 4.8% ("skin in the game" always a good sign)
They both seemed pretty upbeat and I got the impression the long awaited Beutong Porphyry Project (40% owned) licence isn't far away. But I expect you have all heard that before! If true that could be significant I guess.
Am I right in also thinking they would accept an Indonesian J.V. partner to strengthen their presence on the ground. Is that how they aim to fund the mine?
With people talking of copper going to $5/lb, this could be a very attractive investment over this part of the copper cycle.
They appear to be fully funded for the BKM Copper Deposit DFS although I'm not sure when this is expected. Can't be that long. Can anyone clarify please? Is it then about 18 months or so to production?

[charles clore] 29/11/2017 15:10

Now where's that dry powder...

[jackbal] 29/11/2017 15:10

If you say end of November and don't deliver you create doubt, simple as that for me.

He shouldn't have made that statement as it just creates undue concern. Many of us were here 18 months ago and back then they were expecting it "shortly".

I think having JPM on board increases the likelihood but until it drops who knows.

My money is on an RNS updating us on Beutong which will be encouraging but suggests more/final red tape.

I'm holding until production as even Ars 12 bid I felt I would have been selling far too early.

[bobby1904] 29/11/2017 14:50

I don't really get that Mr Roper. If they were buying in on that speculation they would have been paying 10p+ so that doesn't explain sub 10p selling today, especially on another great RNS. Anyway we will never know and probably not worth driving myself barmy over. I have a long term view on this and will still be holding my shares when the share price hits 25p!!!!

[mrpiggy] 29/11/2017 13:41

Great in depth analysis huckle9! :@)

[huckle9] 29/11/2017 13:05

Go whoooosh

[plasybryn] 29/11/2017 13:04

What are we expecting the share price to do when we get the licence?

[mr roper] 29/11/2017 10:57

bobby, possibly because they loaded up after hearing that the met leach tests and beutong license were coming this month, only to get to the second last day and no sign of either...either way, happy to sit and wait patiently...

Wonder if Proactive are planning to get Steve on as he's round the corner from the office?

[jackbal] 29/11/2017 10:54

Have to say I'm glad to be invested rather than trying to trade this.

Just because the end of November deadline isn't met it doesn't mean it won't land very soon even on Friday for arguments sake.

I can understand traders profit taking but can't imagine many will want to be short.

[adorling] 29/11/2017 10:50

...because their short term investment horizon is less than a day!

[bobby1904] 29/11/2017 10:49

Call me stupid (Im sure someone will!!) but I just don't understand how sellers are come put now at just over 10p when they have had tons of opportunities for the last 2-3 weeks to sell much higher? It's not like the news flow is negative or other issues to suddenly panic about so WTF!!!!

[adorling] 29/11/2017 10:46

Sellers getting royally shafted on the bid like last week. No wonder MM love this Share.

[adorling] 29/11/2017 10:43

Coming close to further top up opportunities.....

[amaretto] 29/11/2017 10:40

Would love the BOD to drop the Beutong licence just to f*<£ the traders!

[113mike] 29/11/2017 10:37

Sub 10p beckons? Then massive buying then massive whoosh!

[walter walcarpets] 29/11/2017 10:20

re licence: agree horneblower. Completely out of their hands. Even if they had been "promised" by a Government official, they don't know for sure. AIM companies need to keep their credibility and integrity and one way to lose it is by over-promising. Lets hope ARS don't go down this route.

[amaretto] 29/11/2017 10:11

If Beutong delivers as we hope it will after those deep drills giving us significantly more resource (not to mention Baroi etc) and all the forecasts pertinent to that BHP presentation pan out and we consequently see $4.50+ copper then replace the $1 billion company with a $5 billion one.

IMO there is a realistically high probability that both those factors will pan out.

Take a look at this video courtesy of Mrremmy on the #HZM LSE board, it talks about disruptive events and S curves and highlights how the EV revolution might be coming a lot quicker than most expect, which would mean $4.50 copper far sooner than forecasts. Well worth a watch IMO.

[hawks11] 29/11/2017 09:57

Charles - open and honest is different than saying something and hoping it will be right. All going great and results in a month or two would be fine. Like The Royal Mail said they had delivered my parcel yesterday but had not, then they sent me a questionnaire asking me how they had done?