Asiamet Resources Share Discussion Threads

[tomcorvid] 14/6/2018 11:20

The most recent I could find.

£100k? not a problem, 100% interest and fully collateralised ok?!

[horneblower] 14/6/2018 11:20

This news has only just hit the market. The big buying won't happen immediately; most institutions make decisions by committee.
This is a great buying opportunity imo. The shares will be double by August.

No advice intended ☺

[mr roper] 14/6/2018 11:18

Doing the paperwork as we speak, mr p.

[mrpiggy] 14/6/2018 11:17

Asiamet has a 40% equity interest in the Beutong project and can increase its interest to 80% subject to making certain milestone payments to its JV partner. All conditions precedent of the joint venture has been satisfied by both parties. The Company is currently in discussions with its joint venture partner to increase its equity position to from 40 to 80% interest in the Beutong IUP.

[finncairn] 14/6/2018 11:14

Potential for Beutong Resource expansion remains significant with ongoing drilling continuing to intersect porphyry style alteration and mineralisation beyond the Resource envelope.

[scottishfield] 14/6/2018 11:09

We could club up together ?

[horneblower] 14/6/2018 11:04

Now, where can I get £100k from?
Anyone willing to lend me £100k?

[tektonik] 14/6/2018 11:00

Thanks Mr.Piggy

[walter walcarpets] 14/6/2018 11:00

That must be the biggest copper drill hole of the year (globally) ??

[finncairn] 14/6/2018 10:57

What we need now is the bigger drill rig to drill to 1,000 metres plus confirming similar figures & %. Then after that 80% RNS. What's worth noting here is it's looking very likely Beutong resources are probably going to be upgraded in time, the RNS says the potential for that looks good. It also likens BEP to BKM. Remember Beutong being likened to Wafi Golpu & Cascade today is the first indication of that, just need that bigger drill unit now!

[adorling] 14/6/2018 10:56

Still finding >1% grade copper at 607m depth and open in all directions and at depth. Really positive result to date. Beutong could become one of the new big copper mines in the next 5 years.

I believe this RNS alone will stimulate a lot of mining interest and several M&A evaluations.

[mrpiggy] 14/6/2018 10:56

Full article......https://markets.ft.com/data/announce/detail?dockey=1323-13487685-3QI5J6B25AL7P59KDRNKG4FAVVI'll try to find the exact figure tonight.

[mrpiggy] 14/6/2018 10:54

This is what I read but it doesn't stipulate what the milestone figure is.......Asiamet has a 40% equity interest in the Beutong Project which subject to meeting certain expenditure and site based activity milestones can increase to 80%.· The Beutong deposit is very well located with respect to existing infrastructure i.e. adjacent to a sealed road and approximately 60km from a large power station and seaport

[tektonik] 14/6/2018 10:53

Would be super useful to see that Mr. Piggy

[mrpiggy] 14/6/2018 10:47

If my memory serves me well tektonik the 80% is achieved on exploration cash spent and we have got to be near that limit now, I’ll see if I can find that figure later

[mr roper] 14/6/2018 10:46

Beutong has most likely just become “globally significant “ to the wider copper market. That is an utterly spectacular rns.

[mr roper] 14/6/2018 10:43

456m at over 1% Cu. Lol...knockout!

[tektonik] 14/6/2018 10:41

If I was on this BOD, I'd be pushing hard for the next RNS to be 80% ownership of Beutong.

[mr roper] 14/6/2018 10:40

That..is....Unbelievable! Wow!

[finncairn] 14/6/2018 10:39

Beutong as things stands has a value of 500M according to PB as per meeting with shareholders in London. Now if that was based on 40% then should we acquire 80% ie double does the value of Beutong not become 1 billion alone? Now how PB gets that figure I don't know, 1st drill just finished, no BFS & so on, but the BOD must have an idea like they did initially with BKM. So say the above is based on 80% ownership of Beutong and lets be speculitive ie take half the % of increased resources at BKM so half of 207% equals 103.5%. Say 100% keep things easy means Beutong would be worth 1 billion alone. I'm not saying that will happen I'm just pointing out that we have seen a resource significantly increased before & should that happen at Beutong then ARS are worth a lot more than 1 billion. A 207% increase in resources at Beutong would make it worth 1.5 billion. All this is merely speculitive but it gives an idea of true value depending on resources. The only way to know exactly what we have is to give the BOD time to do the necessary work. If I was to give a figure for a major buying us out it be 1.5billion at this moment in time but would rather thst didn't happen.

[someuwin] 14/6/2018 10:33

Excellent.

[tektonik] 14/6/2018 10:32

"The potential for Resource expansion remains significant with ongoing drilling continuing to intersect porphyry style alteration and mineralisation beyond the Resource envelope...

The Company has also completed a review of surface geochemical and drilling data of the Beutong Skarn deposit, which is situated 250m north of the BEP. Soil and rock chip geochemical data indicates potential to expand the skarn mineralisation 500m east and 500m west of the current drilling, and these areas will be targeted in the next phase of drilling." The shape of this deposit could be looking very different by the end of the year