Asiamet Resources Share Discussion Threads

[ianbag] 20/3/2018 17:12

And the same amount now showing at 13.125?

[elaineblues] 20/3/2018 17:00

Let's hope so !

[charles clore] 20/3/2018 16:58

I still think the price could retest 10p. Thankfully there are plenty of buyers out there waiting for any such opportunity and I have a modicum of dry powder left.

[elaineblues] 20/3/2018 16:53

Or is it ??

[elaineblues] 20/3/2018 16:46

Large sell 11p .. take a look

[horneblower] 20/3/2018 16:04

Many thanks MT.
Do you know who 'bernardshaw' is, by any chance?

[mr roper] 20/3/2018 15:10

the potassic core...and soon we'll have the deep drill ready to go. H2 is going to be monstrous or at least "monumental"!

[zho] 20/3/2018 15:08

"There is no equivalent of the shale oil revolution for copper that will dramatically increase supply in the coming years, the chief executive of miner Freeport-McMoran, said."

This tallies with the lack of investment and absence of large discoveries over the last 10 years, added to which there seems to be evidence of declining grades at some of the world's largest mines.

But this article predicts an increase in production from 20.3 million tonnes to 28 million tonnes over the next 10 years:

Is it just me suprised by this?

[mount teide] 20/3/2018 14:52

Some interesting views from poster 'bernardshaw' on the CEO.CA website - a retired Aussie mining industry professional who is a shareholder in ARS and Tigers Realm(5 years+) and knows Beutong's history, geology and Tony Manini's long involvement in it very well. Make of it what you will!


This question was put to him:
Would be interested to hear more on your thoughts about Beutong. Reading the NI 43-101 report from 2014, there certainly looks to be significant potential in the Priority 1 targets adjacent the existing resources for step-out resource expansion, and at depth particularly under BEP.


'Beutong could be described as a relative of Wafi-Golpu, with a bit of the top of the strong alteration system chopped off by erosion. Mineralization to 500m depth is pyrite-covellite in sericite altered diorite. The present limited deeper drilling is showing an important change with some potassic alteration, and mineralization changing to chalcopyrite; also Cu grades are increasing together with increased Au and Mo. The best available magnetic data is also encouraging with a pattern that suggests a buried potassic core. My guess is that the next round of drilling will be looking for a big increase in tonnes with similar grades which will attract the bigger companies. If there is indeed a potassic core the grade will increase as well.... I believe there was great interest in Beutong by majors 5 years ago. Tigers Realm opted to drill deeper for themselves before accepting offers...then things changed in regard to getting finance. ARS is back to those days and have achieved financing in an ever increasing copper environment. Some good holes in the coming round, IMO, would make Tony Manini's billion dollar company look likely.'


Thanks for that very helpful. I'll go back over the Beutong NI 43-101 report with fresh eyes. The similarities to Wafi-Golpu are tantalising, given the tonnages and grades there. I've seen various presentations by Doug Menzies on Wafi-Golpu and he mentions the correlations between the higher grades and the carbonate base-metal Au-mineralisation, so it will be interesting to see if Beutong also has evidence of that.

Some of his latest posts on ARS:

'The ARS situation is not your usual scenario where a discovery is made, the drill progresses the discovery thru the JORC classes, then a period of development then mining. It is starting with a known small discovery and in reality fast tracking it for the sole purpose of progressing a known larger discovery. This was TM's vision a long way back, further back than many of us realize. A very innovative way of avoiding dilution at the mercy of institutions. So what I am saying is this; to stay in this particular game, 2018 is in my view, THE critical year for ARS LTH's and they should do their utmost to stay in the game as best they can. My guess is that TM will engineer exactly this not just for his benefit but for the benefit of those who can stay with him. No CEO, Chairman, Executive can look after all shareholders, it's not possible.'


'If financiers are that keen, TM should try for an offtake agreement in return for financing a mine at BKM. That does not dilute shareholders, rich or poor. Is that what he is talking about when he says he is looking for a partner? The financier would be someone that needs copper; the faster they supply development money the sooner they get their copper!'


'If ARS progresses at the current rate, which is invigorating to say the least, I see a lot of room for the "price manipulators" to do their dirty deeds and keep us well below 20p. If there was big company backing (or this was in the hands of big money) there would be four rigs at Beutong instead of one to please the Indonesian beaurocrats and a couple of big rigs to test the possible porphyries at KSK instead of a 500m max machine. Now that's easy for me to say considering we have one(Tony Manini) of the best in the game carefully balancing progress against financing. I expect Tony to solve this sooner than later.'


'A timely historical note .....to put the recent proposed increase in Beutong ownership in context. Firstly, I personally believe that this event is more significant than most others in the history of Asiamet. In the time before Tigers Realm did their RTO of Kalimantan Gold, Tony Manini was, so to speak, like a man alone in the desert. Nobody wanted to invest in copper and he had to beg and borrow to get drill holes into Beutong. Drillers were also begging and borrowing and Tony had holes drilled by paying drillers in equity. But Tony had a vision that things would turn as they have done. Tony was offered a substantial amount for Beutong but refused. I for one wasn't happy but I am not up to Tony's speed. I thought for a while that we had lost Beutong and so today I stand in awe of his foresight and so should we all. To have engineered us through the desert to a point where nothing was lost is far more significant for Asiamet than is BKM plus BKK!'

[mount teide] 20/3/2018 14:11

Learnt the following from some further research today courtesy of a 2012 Proactive Investors article:

"KSK - Freeport-McMoRan has now spent sufficient exploration funds to EARN a 51% stake of the project, that will increase to 75% if Freeport elect to fund KSK to the feasibility study stage."

Freeport - by electing to walk away in 2015 due to cash preservation issues driven by a multi year waterfall collapse in the copper price, Kalimantan(now ARS) got to keep 100% of the asset in return for "paying out a 1% net smelter royalty (capped at the expenditure amount) if and when KSK is eventually brought into production."

Freeport gave up 51% of the KSK for a 1% net smelter royalty(capped at the expenditure amount)! Ouch!

[arf dysg] 20/3/2018 14:09

Mr Roper (12556) "2nd drill to come within 30 days with potential to go to 1500m depth"

Now why would they want to go to such a depth? I think that's a hint of big things to come.

[okidokicoki] 20/3/2018 14:05

must say thats exspensive dirt by the tone very nice

[tektonik] 20/3/2018 12:50

"Excellent response (from investors following the £7m raising). The shareholders know what we do, they see we produce results, we have the intention to build mines. There's not many companies doing that right now, especially with copper and we've got great copper assets, a great team and great experience, so yeah we're moving things forward and people know that" We sure do Steve!

[mount teide] 20/3/2018 12:46

Always worth watching Steve's interviews - he rarely fails to provide new information and insights:

* The high grade Polymetallic zone south of BKM for which a drilling proposal is currently being prepared has produced rock samples in excess of 50% Lead/Zinc.

* There is a very strong Zinc anomaly next to BKW that is actually higher than BKZ - it will be one of the next targets.

[okidokicoki] 20/3/2018 12:44

Love the mans enthusiasm about everything he loves what he does you can tell . Its all sounding very very nice.. GL all

[mr roper] 20/3/2018 12:20

that Beutong deep drill is the golden key!

[gymratt] 20/3/2018 12:16

Bluddy great stuff, Mr R . ;@)

[mr roper] 20/3/2018 12:14

Steve is on!

www.proactiveinvestors.co.uk/companies/stocktube/8906/asiamet-to-bring-in-second-rig-and-expand-drilling-at-beutong-8906.html

bkz..the gift that keeps on giving!

Beutong - 2nd drill to come within 30 days with potential to go to 1500m depth!!!!
Trying his best poker face on the Beutong first drill to date.

putting together the drill plan for other BK prospects!

[mount teide] 20/3/2018 12:14

Copper won’t have a shale-style revolution, say Freeport executive - FT today

'There is no equivalent of the shale oil revolution for copper that will dramatically increase supply in the coming years, the chief executive of miner Freeport-McMoran, said. 

“There’s no shale oil for copper - it can’t be turned on quickly,” Richard Adkerson told the FT Commodities Global Summit in Lausanne.

Copper has emerged as a favourite metal for the world’s largest miners given the little investment in new mines over the past few years, following a crash in commodity prices.

At the same time, demand for copper is expected to rise due to its use in wiring for renewable energy and electric car charging. Analysts at Goldman Sachs predict the copper price will rise to $8,000 a tonne this year, from $6,950 currently.

Any shock to the copper price is likely to come from a slowdown in demand in China, which consumes over 40 per cent of the world’s copper, rather than a surge in supply, Mr Adkerson said.

“There’s not going to be any huge major upside surprises for copper. The risk to the market … has to do with China which consumes half the world’s copper,” he said.

“The risk is on the demand side, not the supply side.”

Freeport is currently negotiating with the Indonesian government over the future of its copper and gold mine at Grasberg, the world’s second-largest copper mine..

[cyberbub] 20/3/2018 11:42

There may well be a slowdown of (say) 5% in world economies over the next few years, who knows. The key point is that the fundamental secular rise in copper demand for EVs and electricity/infrastructure upgrades worldwide will overwhelm that 5% by a considerable margin.

[mr roper] 20/3/2018 11:23

Fed meet tomorrow and Thursday. Copper always weak in these weeks as we wait for the imminent rate hike. Should get back to normal service once it's passed.

[tektonik] 20/3/2018 11:00

Interesting article I read on the WSJ yesterday. Worth being aware of short term but can't see it remaining the case for long as we approach a potential deficit.