Asiamet Resources Share Discussion Threads

[dorset64] 19/6/2018 16:53

Am trying to make it too as the UOG AGM is the same day at 2pm but not sure I'll get to either unfortunately.

[the manini] 19/6/2018 16:28

The logical place for a Beutong starter pit would be the Skarn in my opinion. High grades near surface. They're gonna be drilling there soon to hopefully expand it

[p_j_s1] 19/6/2018 15:42

The general geology of the Beutong area seems to be quite well understood - there has been 39000m of drilling in and around the resource already. There appear to be plenty of "barren" areas where the geology is unsuitable for mineralisation and further drilling would be fruitless, which would be available for plant, waste heaps etc.

[horneblower] 19/6/2018 14:49

I will try to be at the AGM but diary is a bit crowded.

Re starter project for Beutong. This seems most unlikely until the whole area has been definitively surveyed and delineated. The size and positioning of production units, leaching, waste management areas etc need to be right from the start and they totally depend on knowing the extent and location of the resource.

[kjawoogie] 19/6/2018 12:38

Yes I'm going

[knobbly] 19/6/2018 12:27

I'll be heading to the ARS AGM on Monday. Any other takers here?

[bubblingup] 19/6/2018 12:15

Wondered if anyone had spotted this on Twitter:

More
#ARS Look forward to welcoming shareholders at our AGM at 10am on Mon 25 June

Asiamet management team including Manini, Bird & Deo all in attendance & available to speak with afterwards.

Please email [e-mail] to confirm attendance hxxp://asiametresources.adnetcms.com/regulatorynews/2018/05/25/notice-of-annual-general-meeting-2018/ …
1 reply . 9 retweets 16 likes

[hickersp] 19/6/2018 12:00

What did u have in mind Walt's "pucid tunts"

[tektonik] 19/6/2018 11:44

Should really try and get involved seeing as it's 1 minute from my office!

[cupidstunt42] 19/6/2018 11:29

https://twitter.com/AsiaMet_Res_ARS/status/1008996198143938560?s=19

[mount teide] 19/6/2018 11:05

pjs1 - 'A staged development, starting with a BKM like heap-leach project seems a real possibility.'

This is exactly the medium term approach(2-3 year) to production i would have expected them to take and has been mentioned previously by management.

BKM - Heap Leach production followed by
Beutong - Heap Leach starter project production and the development of
BKZ into production - sharing facilities with BKM

Using the cash flows generated from these operations to continue proving up the other assets like Baroi for future production development - ALL against the backdrop of a copper market forecast to go into very significant deficit for much of the first half of the next decade.

Tony Manini is clearly focusing like a laser on using the new recovery phase of the highly cyclical natural resource market to execute an almost identical plan to that he followed between 2000 and 2008 with Oxiana Metals - where he turned that $3m junior into a $6bn mid cap.

More than 50 years of history has shown that the highly cyclical natural resource market only floods for an average of 5-8 years in every 15-20 market cycle.

The new recovery phase tide has just completed its second year - Tony is acutely aware the next 5-6 years is where the lions share of the investment returns will be generated and is positioning ARS perfectly to take full advantage.

[walter walcarpets] 19/6/2018 10:39

Cupid: you just need to swap a couple of letters around.

[p_j_s1] 19/6/2018 10:26

HG: I was having the same thoughts about the Beutong drill programme. They seem to be concentrating on the East Porphyry and the Skarn where grades are highest and close to surface. If they were wanting to confirm the larger resources in the West Porphyry with a view to attracting a major, why are they not drilling there? A staged development, starting with a BKM like heap-leach project seems a real possibility. Hopefully we will learn more at the AGM.

[mrpiggy] 19/6/2018 09:57

I'm in full agreement with your last paragraph Dorset64, I'm pretty certain they will know who is doing the selling and why they are selling but that information is market sensitive so WE will never find out!

[dorset64] 19/6/2018 09:30

The drilling upon Beutong will give credible indications of the size, depth & overall footprint of the asset not only to ARS, but also to any future funders.

BKM is rightly our first call for deploying a working schedule in that it is heap leachable near surface pay dirt and relatively cheap & quick to bring on stream. We already know there are soon to be/ are ongoing funding talks with either money co's or partners so we as a company should not let Beutong disrail this process of which I'm more than confident it won't.

Beutong initial drills show that we have yet to uncover the full scale of the asset and for all we know we may have to keep drilling for a wqhile to uncover its full extent but for now, and with an increase to 80% on the cards can only help put Ars onto the world's map as one of the, if not the largest newly discovered heap leachable plays around today.

The BoD's are spelling it out to us in their interviews what they currently feel the assets can become by making comparison's with some of the worlds best & most profitable plays for precious metals, all we have to do is to take our position, buy what we can afford to lose and sit back & wait for the fun & thus the share price to rise over the coming 18-24 months.

Regarding the current share price action and thus the high number of sales going through, I don't have a view on who or why anyone is selling as I honestly don't know but what I don't understand, is that it is obviously an insti, person of wealth and, if in my own business if someone was selling a few million shares, is surely the BoD's would know who is selling their own company down and why?

[mrpiggy] 19/6/2018 09:26

Re the Christmas advent calendar, they always referred to it as the monster that is Beutong!I choose to trust their opinion..... I think they would have to be pretty certain of what's there to make such a bold statement!

[highly geared] 19/6/2018 09:08

P_j_s1; thanks for confirming the $2c matter and apologies for any inferred criticism.

It demonstrates there is work to do on Beutong.

I’d be interested in another spin on Beutong, whilst the resource is notionally much bigger, I wonder whether the BOD might simply look at what’s heap leachable and where and consider a smaller starter operation on the lines of BKM and use BKM cash flow to part fund a 25ktpa Beutong operation? They could also use BKM cash to further delineate resource etc.

I suppose the 8 drill programme is designed to firm up the conceptual size of resource for JV/ Majors interest but the metallurgy tests might take things in a different direction. To have 2 BKM operations running in parallel will be no bad thing?

[cyberbub] 19/6/2018 07:47

Copper price nosediving again... is it the Trump effect?

[jc2706] 19/6/2018 07:39

Fascinating. You do wonder at the morals of some people but this applies to those who overly egg an investment with half truths (and downright lies) as well as those who don't be opposite. I clashed with a ramper on LSE for months who decided to misquote what I had written on shares that I knew very well. He still spouts on Twitter after being hounded off LSE (not completely by me I should add).

I often wonder why people can't just engage honestly.

[drattuts] 19/6/2018 07:36

tomcorvid - thanks for that link. Anyone invested here would do themselves a favour by reading that revealing post in full.

[mount teide] 19/6/2018 01:05

tonc - good post - formed a similar opinion of the AG and Tom Szabo months ago, during further research.

[tomcorvid] 19/6/2018 00:39

Just FYI RE:AG this post (the most thumbs up in CEO.CA history by-the-by)hxxps://ceo.ca/index?b5d09969e709 tells you all you need to know about NLWs and 'expert' bloggers.

This specifically references Arizona and Garibaldi but it applies equally to anything written. Beware the motives of posters (including me)