Asiamet Resources Share Discussion Threads

[cpap man] 07/2/2018 11:25

Subject: Asiamet Resources February 2018 Research Note: Target Price increased to 19p



Summary:

Asiamet Resources Ltd (ARS) will soon become a low-cost copper producer. 2018 will be a monumental year for Asiamet with the feasibility study for the company’s BKM copper project due imminently. This will be followed by the conclusion of project funding and final permitting. Whilst development work continues apace, Asiamet continues to drive value with the drill bit and a maiden resource for the newly discovered polymetallic BKZ zone is expected once the current definition drilling is finished. At Beutong, the crucial Production Licence has been granted, allowing the company to put the project back on the development curve.

2018 - Upcoming catalysts. BKM resource update, BKM Feasibility study, Project funding, Final permits, construction decision. Maiden BKZ resource (May). Beutong drilling and metallurgical test work, corporate activity as Asiamet moves along the development curve and continues to de-risk projects.

We maintain our BUY recommendation and increase our target price to 19p/sh, from 8p/sh. We have unloaded a portion of the risk-discount on BKM, but our model parameters remain largely unchanged pending the imminent feasibility. We have updated our Beutong valuation and include value for BKZ for the first time. Our valuation indicates that the stock is currently trading at 0.5x NAV, and we expect a further re-rating as 2018 unfolds.

[haydock] 07/2/2018 10:56

BIKWIK
7 Feb '18 - 10:14 - 4503 of 4504
0 0 0
On ARS looks like it is the third option, i.e. it doesn't break down and goes up!

Still if the charts are irrelevant, this will not be welcome, or even useful in any way !
Great positive opinion though !

[mr roper] 07/2/2018 10:50

bout bloomin time! Bit unhappy with the price though ;0)

Anyone got a copy?

[bobby1904] 07/2/2018 10:45

Optiva note out just now raising their target share price to 19p!!!!

[mount teide] 07/2/2018 10:00

D64 - ref Long Term Charts - would agree, they are totally worthless for most small cap companies and particularly a high impact small cap miner like ARS.

I would go further and say they are in fact a complete liability, since they cannot account for or predict in any meaningful way, the huge potential step changes in valuation that could come from BKZ becoming a standalone project, continuity being proved up between BKZ and BKM via 50m thick, very high grade copper/silver mineralisation , probable deep copper porphyry system feeding the two and the securing of a 20 - 40 year licence for the Beutong Copper Monster(BCM) - not least because apart from the BCM license the rest of them were not even on the radar just 12 months ago !

[dorset64] 07/2/2018 09:32

haydock, thanks for that link but when using charts, as he is of a longterm nature I really struggle to agree with pretty much anything a chartist would say. For instance he looking back at share price movements of years not weeks or months and if you were to start selling shares in Art right now, as he alludes to, because the chart is breaking out from something a few years ago you would be absolutely bonkers.

This share price is based on what is being recovered right now, in fact only yet another great RNS yesterday so for all his work, I believe it means very little to a company that had now discovered a world class deposit across an ever increasing area all the while their products are going into world deficit.

Yesterday I further increased my shareholding by just under 10%, and that had nothing to do with charts but for the company, its management & the future it holds.

Throw the longterm charts in the bin imo.

[highly geared] 07/2/2018 09:08

Looks like the KSK COW amendments to enable financing of BKM are just about there ( cough)....

[haydock] 07/2/2018 09:03

cyberbub
7 Feb '18
If you want to see, a chart view, look at :



Bikwik kindly did a lot of work, on ARS, yesterday.

[mr roper] 07/2/2018 08:52

as soon as the big drill starts turning on Beutong this will steadily rerate.

[bobby1904] 07/2/2018 08:43

Totally agree HighlyGeared!! It's madness we are only here today....Still think imho this will rerate at some point soon as people analyse the undervalued position...

[highly geared] 07/2/2018 08:40

The NPV alone on BKM is worth 20p/share. Add in early stage value for Beutong and BKZ and we should be at 25-30p now.... way undervalued.

[bobby1904] 07/2/2018 08:22

We need some catch up here that yesterday's great RNS ought to have generated if it wasn't for all the distractions from NYSE!! This ought to be sitting comfortably above 10p at the moment imo.!

[highly geared] 07/2/2018 08:17

What tends to excite investors and traders is the blue sky potential of massive resources where people can extrapolate huge sums projected years forward and come up with a big share price. Usually though, it’s early stage speculation based on a far off vision that very rarely plays out.
Here you have a tangible revenue stream from BKM commencing within 24 months , tangible monster upside in Beutong with a long term production licence in place ( that took over 3 years to secure), speculative and potentially huge upside in KSK District including Baroi and a BOD who’ve successfully brought major projects into production before and who have as much skin in the game as shareholders.
It’s about as good as it gets if you’re prepared to invest for 3-5 years. So , are you...?

[cyberbub] 07/2/2018 08:02

The chart looks like a flag nearing breakout to me... hopefully northwards :-o

[highly geared] 07/2/2018 07:51

If we get to 125k/ tonne pa, that should value us at c. £2 billion with upside for copper above $3.25. If copper gets to $4_$5 then probably £3-4 billion.
We’re talking 5 years + down the track but once BKM is financed and approaching production late 2019, the scale of BKZ, Beutong and Baroi will be known and investors will be able to see what’s being built. Think 3 years and not 3 months and you’ll be ok...

[richsmithsmith] 07/2/2018 07:45

Saw this on Twitter this morning.... reminded me why I invested and built a stake here for the long term...."#ARS Tony Manini project experience – putting things into production: Prominent Hill, Sepon, Golden Grove, Martabe Sumatra Indonesia. A junior explorer moving towards development and building something very special @AsiaMet_Res_ARS BKM, BKZ, Baroi & Beutong 125ktpa+ Cu potential https://t.co/iU358WnmHC" There's a great graphic to go with it as well.... Amazing day yesterday. Congrats to everyone for holding strong.

[dorset64] 06/2/2018 23:14

I did wonder snicker but yep, have been buying also after all, it is a perfect storm for ARS imo.

[snickerdog] 06/2/2018 22:15

Out meaning out of ammo

[mr roper] 06/2/2018 21:00

Pretty good day here. Wonder how much copper Elon needed for the Falcon Heavy

[mount teide] 06/2/2018 15:54

Adorling - “The continuity of recently identified structurally controlled high-grade copper-silver mineralisation potentially linking the BKZ and BKM deposits is particularly promising, as are the associated geophysical targets identified at depth below the near surface deposits.”

BKM and BKZ are looking like an odds on single big formation!'

Indeed it is and, would be transformational as it has the potential to be a huge formation - the underlying copper&silver high grade zone is at least 50m thick at BKZ and would span at least 800m-1000m to BKM. With the stand-a-lone BKZ polymettalic zone above one end and the high grade BKM copper surface level mineralisation at the other; and some form of huge copper porphyry system many, many hundreds of metres deep between the two.

[hickersp] 06/2/2018 15:51

Price being held down here........ Blue finish would be no surprise.

[dorset64] 06/2/2018 15:17

Nice price at the time markth126 and looking decent already before the days out.

[markth126] 06/2/2018 12:32

Got 100k at 9.45 so happy now

[snickerdog] 06/2/2018 12:27

It seems like it's 10p to buy anything