Asiamet Resources Share Discussion Threads

[monttim] 24/3/2018 18:23

Highly geared, Adorling , Mr R, and so many others, his is a wonderful site , keep up up all this fantastic information and opinion flow. Being so personally positive and financialy committed it all helps increasing a positive filter day and night. Right now we are looking excellent.

[mr roper] 24/3/2018 17:24

Think you might be surprised how quickly they could get bkm up and running. Starter pit with 15kt pa was the original projection for year 1 if my memory serves right.

[highly geared] 24/3/2018 16:05

MT; good post as always. I’ve been mulling timescales as building a mine of size typically takes c 2 years. I’m relaxed about the 3 month slippage on the original BFS date as its for the right reasons. If the BFS is out in June and assuming finance discussions are up and running ( why bring in James Deo if not to get finance discussions with funders?). Assuming a finance/ development decision in August, I see production starting around September 2020 and ramping up to full production in Q1 2021.

In the bigger scheme of things it doesn’t affect me as I’m comfortable holding for another 5 years. The assets are so compelling (as exemplified by how BKZ has gone from nothing to a potentially $ billion resource in the space of c 6 months). I’m here to see BKS/BKW/Baroi drilled out to resource definition status, Beutong to PEA and BKM into production.

I can plausibly see a scenario in 18 months where we have a total in the ground resource inventory north of $35 billion and BKM within 9 months of production.

I see Trumps narcissism and ego has put a spanner in the markets but I think if I keep focussed on where this might be in 2023, I can sleep at night.

[knobbly] 24/3/2018 10:20

Just to add to my voice to the rain party...
I've been in ARS for over 2 years, watching drilling campaigns with a beady eye.

At no time have I seen the Co. suggest operational suspension due to rainfall.

SH has been on the ground throughout - I'd have thought he would have flagged such problems.

[monttim] 24/3/2018 01:24

Highly geared. Great info in your posts this morning, you are hot today. Thank you. Mont.

[mr roper] 23/3/2018 22:53

We are in control of the last one, HG. :0)

[highly geared] 23/3/2018 22:50

MR , yes. The combined BK areas will likely add up to $ several billions of gross revenues by this time next year. The KSK district and Beutong provide for c. 6 company makers...

Assets
Management
Timing

Patience

[highly geared] 23/3/2018 22:47

Beutong in its current form will have an NPV over $1 billion based on scoping. I believe the 2018 drilling programme is designed to substantially expand the resource and to confirm metallurgy characteristics. Why?

To make it sufficiently attractive to a major to either JV through to BFS/ production or outright sale. The PEA NPV is likely to be taken to $2-3 billion as part of this process and I think we’ll get a scoping/PEA done during H1 2019.

With Beutong and KSK , it never rains but it pours...!

[mr roper] 23/3/2018 22:44

HG, wait another 9 mths til they’ve delineated bks...:0)

[edjge2] 23/3/2018 22:43

Rerain just see google earth for climate. It is equatorial rather then tropical in indonesian kalimantan>rainy seaeson means that and it is wet in their dryer seasons but locals will know about that local volcanic eruptions will increase rain. No doubt plenty of buckets to bail out!

[highly geared] 23/3/2018 22:37

The base case gross revenue for BKM is $1.27 billion.
Further to my earlier post today , based on best case dimensions it’s entirely possible that BKZ will deliver gross revenue around $1 billion...
Effectively, there,s every possibility BKZ is another BKM ...Consider the economies of scale in development/ production. We haven’t even touched BKZ and BKW but for now BKM x 2 is fine for starters; $2 billion+ gross revenues.
Simplistically using BKM NPV x2 gets us to c £300 million now.
Just quietly wait c. 6/weeks until we have 2 Jorcs ( remember BKZ is still open in direction and at depth) and join the dots...

[edjge2] 23/3/2018 22:32

try control minus together may help
Revisiting the gap at 11p now as suggested earlier

[mr roper] 23/3/2018 22:12

Montiim, Baroi is still pending a permit. Far way to go until the drill hits dirt.

[adorling] 23/3/2018 21:53

Charles - pleased to hear you are still in the sticky holders Club. My point is negative sentiment causes short term traders to sell through the “fear & greed” emotions. Even us LTH’s don’t want to see retraces from 15p to 11.4p but we know we will be pass that high within a matter of weeks or a couple of months.

I get your point on the copper price but we are not producing copper yet so one thing we do know is the global supply will be in deficit come our year of production. I personally believe and forecast over $4-5 by 2020 and believe TM when he said “you ain’t seen anything yet, when this thing goes it really goes” and he was not referring to $3!

Sadly some trolls have arrived which will imbalance and disrupt one of the best “investor BB’s” on AIM. Hopefully they will get board after they bag their £50 profit and move on. Good weekend all.

[monttim] 23/3/2018 21:18

Fantastic reading in new Company Presentation.
My main points that will be real drivers.
BKM Definitive Feasability Study by H1 2018
BKZ Maiden Resource Statement May 2018
Are these two areas joined at the hip.
Beutong Drilling started Q1 2018.
Beutong now 80% ownership bought for a song.
Baroi Scout drilling commenced
Some real price drivers being worked on right now.
Exciting times.

[gymratt] 23/3/2018 21:05

Indeed I was Timmy..and thanks for clarifying this. :@)

[monttim] 23/3/2018 19:09

I think gymrat was actually referring to the ones getting sucked in big time into the totally misleading rain thing.

[horneblower] 23/3/2018 19:08

Chill, please everyone.

All views are welcome here.

We are a broad church and a little tolerance will go a long way.

Thank you.

Thread keeper.

[siovey] 23/3/2018 19:03

Lol. Gymratt is one of the more positive posters. Now, back to lurking..

[gymratt] 23/3/2018 19:00

Thank you , Trigger.

..and what boards are those Little Madam? I've not disrupted anywhere. I'm very much against trolls .

[trigger blade] 23/3/2018 18:56

LM,

Gymratt hasn't de-ramped or disrupted on here, think you've misread.

[bluerunner] 23/3/2018 18:49

Probably best to use the filter button if required.

Edit - though I think the post referred to is very tongue-in-cheek.

[littlemadam] 23/3/2018 18:44

Oh dear. The stupid irritating people have suddenly arrived. I've see gymratt on other boards and he's a bloody nuisance. He may not want to invest here but loves disruption. Any ideas Adorling, MT, HG?
It's just that sensible discussion is suspended !!