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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Amur Minerals Share Chat (AMC)



Share Price: 7.575Bid: 7.15Ask: 8.00Change: 0.00 (0.00%)No Movement on Amur Minerals
Spread: 0.85Spread as %: 11.89%Open: 7.37High: 7.40Low: 7.37Yesterday’s Close: 7.575


Share Discussion for Amur Minerals


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TrickyDickyTwo
Posts: 2,305
Off Topic
Opinion:No Opinion
Price:7.575
RE: I would like an update on the r..
Sat 13:45
"PFS is kind of irrelevant....."

The PFS is highly relevant. Without it we will not get the short term funding we need to drill next season or to complete the DFS. If Amur is scheduling the end of 2018 start of 2019 for the DFS then it means they still have a rake of work to do to knock it into shape. I would expect that to include the detailed design of the road.

A detailed PFS will give a funder, strategic or otherwise, the confidence to put in £15m to £20m. This, in turn, will allow Amur to get the project to a stage where a financier will have the confidence to put up the big money to build the mine. Even if Amur has no intention of actually going the course they will still need to produce a DFS to give a potential buyer to confidence that what they are buying stacks up.

The attached link is quite a good read since it give some general guidelines on what's included in both a PFS and DFS.

https://www.dropbox.com/s/ucj69j5lsojvrvb/PFS%20-vs-%20DFS%20-%20Comparison.pdf?dl=0

TDT
 
TrickyDickyTwo
Posts: 2,305
Off Topic
Opinion:No Opinion
Price:7.575
RE: KEXIM and FEDF
Sat 10:28
Hi Geela, good to see you on the LSE BB.

No I didn’t attend. It would have been a 7,000 mile round trip for me so I decided to give it a miss.

I’m pretty sure CowBoySteve will give us his views/opinions in the fullness of time. The after meeting gargle session, if there was one, will have been the place to pick up little snippets of information. I’m pretty sure CBS wouldn’t have missed the post AGM gargle.

We have nickel sulphide. Nickel sulphate is produced by adding sulphuric acid to nickel. It’s much easier to produce LME AAA grade nickel from sulphides but there is an extra step involved before you end up with nickel sulphate. I think the issue with laterite is one of cost. To produce pure nickel from laterites suitable to produce nickel sulphate is, I believe, very expensive which is the reason why sulphides are preferred.

TDT
ibstar
Posts: 91
Off Topic
Opinion:No Opinion
Price:7.575
Boost to share price
Fri 22:36
In this IG interview from May Richard Young has highlighted 2 key things that will give a boost to the share price. The first is details of Road construction and secondly details of mining plan. The price at the time was around 6p and RY mentions that these 2 things which will 'add a great deal of value to the company.' We must be very close to receiving details on one of these soon, I believe. Road together with funding would be the perfect catalyst.
Weekly positve RNS's have done nothing to the share price, lets hope this four weeks without real news sets us up for the perfect lift off on next news.

https://www.youtube.com/watch?v=ua9gTS1HJXY
Geela
Posts: 476
Off Topic
Opinion:No Opinion
Price:7.575
RE: KEXIM and FEDF
Fri 22:33
As more car manufacturers commit to going Electric there will be more pressure on companies to source Nickel and at some point we are bound to get either a JV or a buyout because we have such a huge resource. It helps immensely that it is Nickel Sulfate and not laterite and it helps that Nickel prices have gone up this year and will continue to rise due to demand. I can wait - been here longer than I ever thought I would be so whats a couple more years....
TDT were you at the AGM today - did anyone on here attend? I know Cowboy Steve on iii was going but nothing on the bb over there from any attendees.
Acuteperception
Posts: 7
Off Topic
Opinion:No Opinion
Price:7.575
I would like an update on the road
Fri 20:27
Development of a road and the associated infrastructure (smelt or not to smelt) is the most critical thing for this company right now in my opinion.

Amur have a lot of Nickel, proven at good grades, with a low cost of production. It is near key current and future demand markets and the Far East of Russia and neighbouring countries are primed and funded for Development. That we already know and makes this a great junior metal punt. Raising funds for the mine would be easy, if it wasn't so dependent on a commitment to develop the infrastructure. Lets hope it does otherwise it will go nowhere.

PFS is kind of irrelevant I would much rather hear an update on the road and if the cost of development can be shared with other companies and government backing.
mikewozere
Posts: 79
Off Topic
Opinion:No Opinion
Price:7.575
RE: Guess Fridays closing SP Comp
Fri 18:43
I happen to think it will be eight spot somat on Monday.
TrickyDickyTwo
Posts: 2,305
Off Topic
Opinion:No Opinion
Price:7.575
RE: AGM RNS
Fri 18:00
Noloss

I'll not make a habit of it!!

TDT
RichinMinerals
Posts: 562
Off Topic
Opinion:No Opinion
Price:7.575
RE: Guess Fridays closing SP Comp
Fri 17:16
I thunk I won me own competition, is that legal like?

Its blurry seven spot somat, Monday gonna be seven spot somat, Tuesday much of the same, this will move when I decide, thtas right WHEN I decide.

I run this market and dont forget that fact.

See you all next week ))

Bestest

Richie Richie richer (((
Nolosstillsell
Posts: 4,699
Off Topic
Opinion:No Opinion
Price:7.575
RE: AGM RNS
Fri 17:12
You get me every time TDT. :)
TrickyDickyTwo
Posts: 2,305
Off Topic
Opinion:No Opinion
Price:7.40
RE: AGM RNS
Fri 16:49
Noloss

The "funding next week" comment was tongue in cheek. I reckon the PFS first, hopefully, before the end of this month with funding to follow thereafter, if we're lucky before the end of the year. The big unknown is the source of the funds.

littlebricks

I believe RY said they could get all the way through to the end of next year on their current bank balance if they had to. That would involve battening down the hatches though.

TDT




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