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ETF Securities experts James Butterfill and Townsend Lansing: did you know you can go long and short on ETF's?


Amur Minerals Share Chat (AMC)



Share Price: 7.60Bid: 7.20Ask: 8.00Change: 0.00 (0.00%)No Movement on Amur Minerals
Spread: 0.80Spread as %: 11.11%Open: 7.71High: 7.71Low: 7.40Yesterday’s Close: 7.60


Share Discussion for Amur Minerals


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TrickyDickyTwo
Posts: 2,049
Off Topic
Opinion:No Opinion
Price:7.60
RE: Nickel
Sat 12:57
This bit makes sense:-

"Metals prices probably needed to correct another 5-10 percent to where they were justified by supply/demand fundamentals,"

The recent rise in base metals seems it was fuelled by little more than speculation. EV batteries may add another 3% to 4% in the medium term to the annual demand for nickel but it's not happening tomorrow.

At the end of next year's drill season, assuming spray tan man hadn't blown us all up by then, we should start to see EVs positively impact demand for nickel.

TDT
 
Vertigo
Posts: 659
Off Topic
Opinion:No Opinion
Price:7.60
RE: Nickel
Sat 10:53
Nickel hit a five-week low on Friday after trading fees were hiked in China to dampen speculation and steel prices slid with other metals as investors shunned risky assets after more North Korean tensions.

Ongoing jitters about Chinese debt after a ratings downgrade and the prospects of higher U.S. rates also weighed on the market.

Financial markets were rattled when North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after U.S. President Donald Trump threatened to destroy the reclusive country.

Some banks have begun to pare back credit lines to smaller trading companies holding industrial metals in South Korea, two industry sources told Reuters.

"For us, this North Korean tension is short-term market noise, it's something that moves prices maybe one or two days," said Norbert Rücker, head of commodity research at Julius Baer in Zurich.

"We still have a cautious view on the metals segment overall. We think this speculative frenzy in industrial metals still has to deflate since prices are detached from fundamentals."

Metals prices probably needed to correct another 5-10 percent to where they were justified by supply/demand fundamentals, Rücker added.

The London Metal Exchange index of six metals .LMEX surged 21 percent during the three months before its peak on Sept. 4 and has given up 3.5 percent since then. V
TrickyDickyTwo
Posts: 2,049
Off Topic
Opinion:No Opinion
Price:7.60
RE: Nickel
Sat 09:49
Copper and aluminium both ended the last trading session more or less even. It seema to be nickel more than any other base metal.

TDT
Vertigo
Posts: 659
Off Topic
Opinion:No Opinion
Price:7.60
RE: Nickel
Sat 06:02
Nuclear weapons in the hand of the DNK and a US idiot trying to wind him up like a toy. See the metals report I posted the other day. Last comment. That is the reason it’s all sliding downhill and the biggest consumers/miners of all these metals? Aus, South Korea, China, Russia, Japan, Indonesia, Phillipines - all sat on the doorstep.
TrickyDickyTwo
Posts: 2,049
Off Topic
Opinion:No Opinion
Price:7.60
Nickel
Sat 05:01
A 5% drop in the spot price in one day! Even by nickel's recent standards that's some going. And LME stocks continue to fall. Anybody any idea what's going on?

TDT
cossy
Posts: 485
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:7.60
from iii
Fri 17:07
When i was at the general meeting recently Sept was stated as their target for the PFS, however i would imagine this will not be a small report/document and may take time particularly as will need to be checked for accuracy.
I doubt that most of this years drilling can be included as it all takes so long to be documented and completed?

We have an AGM to also be announced?
max2mentor
Posts: 684
Off Topic
Opinion:Hold
Price:7.50
RE: From III
Fri 15:45
Although there's been a couple of occasions when RY has mentioned an increase of 2 or 3 years we still haven't hit that magic 20 years so would not meet one of nornickel's criteria should that option arise.
Onwards and upwards.

GLA
RedLee
Posts: 454
Observation
Opinion:No Opinion
Price:7.50
RE: From III
Fri 15:20
The RNS regarding the site visit by RPM confirmed only that they had audited procedures at KUB for the conversion of inferred to Indicated, no mention of the expansion drilling, so I personally expect to see this in the PFS but none of the expansion this year. KUB can be converted to reserves because all the required data re costs, met recovery and presumably geotechnical data will already have been done and the new drilling is merely infill ie within the existing ore body limits, we know that the ASL lab data for the KUB infill has been in hand for a while.

This will be sufficient to give RY his preferred 15 year 90mt mine plan at 0.4%COG.

I obviously can't say it's impossible to include the expansion this year, but unlikely in my view because any reserve determination work relies on having specific information in the specific areas and this appears lacking at the moment.

We know that the independent QP relies on the JORC code and this is not a rules based code and so if he can justify it maybe he can make assumptions regarding the missing info but I don't see it myself. Also the consultants don't come cheap and they would need to undertake the task all over again when drilling is complete in the area between IKEN & KUB, so unless this additional economic benefit is critical at this stage to secure short term funding, could be a waste of precious cash.

This missing info would appear to be:
~Extraction costs specific to the area between IKEN & KUB noting this is a particularly difficult area and likely to be more expensive than other areas where we do have cost data (has a cost study been done in this area?)
~MET recovery data in this specific area noting the significant variance between IKEN & KUB recoveries (has this even been initiated yet?), this is not quick turnaround work.
~Geotechnical data in this specific area to determine slope angles, as this is very significant in terms of how the mine can be designed and strip ratios/dilution in the UG (has this been done?)

If there is limited drill hole data in a particular area then the outputs from block models will not be of much use, maybe RY needs to build up confidence in the geological model with more drilling and so any output becomes more reliable for basing crucial mine planning decisions on.

Here is an old video Ore deposits 101: resource and reserves, many will be familiar with this and so little point revisiting, that said the section later on in the video regarding the block modelling I found a very useful refresher. Shows the complexity and the importance of robust data inputs, which I believe are likely still unavailable for this new mineralisation this year. Time will tell.

https://www.youtube.com/watch?v=cgkFf2LiCm8

Meantime the PFS is still going to be a significant advancement on the PEA. ATB.RL
GB33
Posts: 18
Off Topic
Opinion:No Opinion
Price:7.40
RE: From III
Fri 13:10
Agreed, it was the 14th December last year when we heard the ASL results.

Being an optimist though, I live in hope.
max2mentor
Posts: 684
Off Topic
Opinion:Buy
Price:7.50
RE: From III
Fri 13:02
GB
Not sure whether they'll have this year's drill results returned in time by the labs ...if they're wanted for inclusion in the PFS for the end of the year.




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