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Amur Minerals Share Chat (AMC)



Share Price: 9.135Bid: 8.80Ask: 9.47Change: 0.00 (0.00%)No Movement on Amur Minerals
Spread: 0.67Spread as %: 7.61%Open: 8.53High: 8.75Low: 8.35Yesterday’s Close: 9.135


Share Discussion for Amur Minerals


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max2mentor
Posts: 668
Off Topic
Opinion:Hold
Price:9.135
RE: EV Batteries
Sat 14:00
http://www.shinpacific.net/

perhaps too early to enquire about equipment !
 
Nolosstillsell
Posts: 3,849
Off Topic
Opinion:No Opinion
Price:9.135
RE: EV Batteries
Sat 11:49
Vertigo

That's great and thanks for detailing all that.

All eyes on the Pfs then once released.
Vertigo
Posts: 639
Off Topic
Opinion:No Opinion
Price:9.135
RE: EV Batteries
Sat 11:32
Hi Noloss,

That's a bit of a 'how long is a piece of string' question but these are my thoughts.

Supposing the PFS can generate some form of stage funding the way I would generate this project would be as follows:

1) continue the next season on drilling. This is to shore up the reserves for the DFS ( this needs to be done as it is quality stuff and ere is a lot of it) I will explain extraction later. And get the road option and design on the go.

2) Get the revised DFS up and running. I guess, as they have creamed the last two drill seasons to the point they need a third, the current DFS is now pretty much redundant which adds to the day to day operating costs and is now contributing to a shortfall in current availability of funds. Also decide to smelt and look at including a sulphate refinery.

3) Once the reserves are underway and they have a robust program And if the funding allows: this is the medium term - I would order all the long lead items for the mine. Some of these don't have an availability below a year.

Things to help capex would be as follows:

The extraction method (assuming IKKU as the start) would be presumably room and pillar or something similar. This I would do he following to cut costs:

A) ramp up the DFS along the IKKU site only and using thae extraction method above. The rest of the DFS can be in more generic terms based on extraction and reserves but not in depth (a bit PFS level). Detail to follow in mine planning during operational phase.
B) Look as sourcing 2nd hand gear for comminution and processing - where practical (a few miners do this) when the site moves to other areas MKFL launch with new equipment as loans are paid off.
C) Try to align the road construction with the long lead and large equipment, and all the other peripheral items of size. Having plant and machinery stuck at source or port is not cost effective.

One assumes that any funding garnered would up the interest of the local government with respect to further development options and a nice long term loan at preferable rates would support the methodology above.

As per normal we don't have a firm plan to go off but there has to be o e in the PFS. So not too long to wait. V
Nolosstillsell
Posts: 3,849
Off Topic
Opinion:No Opinion
Price:9.135
RE: EV Batteries
Sat 10:49
Vertigo

Thanks for your thoughts. Im interested to know what your thoughts are on RY saying that he is looking at Short, medium and long term finance.

Im guessing short would cover ongoing expenses and further drilling but what sort of things would come under medium term for example?
Vertigo
Posts: 639
Off Topic
Opinion:No Opinion
Price:9.135
RE: EV Batteries
Sat 10:41
Paragraph 4 - should read sulphate and not Sulphide. D for chemistry. Doh
Vertigo
Posts: 639
Off Topic
Opinion:No Opinion
Price:9.135
EV Batteries
Sat 10:40
Interesting chat going on on iii regarding EV batteries.

This market is going to be vast as they have noted but the technology is moving rapidly and nickel is not the only option. Only last week there was a breakthrough by Sydney University regarding Zinc batteries and the use of air separator (don't quote me on the actual technology) but apparently this bodes well for Zinc to be used in the battery market much more readily than it is now. Zinc is obviously much more abundant than Nickel Sulphide.

Equally old batteries have the potential to be recycled on various elements within them so the resource is not used as quickly (but the demand is still enormous). As this industry (batteries - EV and Storage - don't forget those - Tesla are big on those too) is a disrupter hen expect breakthroughs in options quite quickly. However, as we speak and as I posted a few weeks ago, AMC looks to be in a good position, Nickel Sulphide is currently the metal of choice for EVs.

I posted if RY is not taking heed of BHP and heir move in WA then he ought to be. With the price of metals across the board improving the additional Capex for a refinery for Nickel Sulphide as well as their own smelter could be a very good option for the future.

I would still like to see another drill season to augment this season as there is a lot of infill to do to get to reserve status on the new find. Especially as they have reached out linearly and not fully explored width or holes between those already undertaken.

However, there could still be moves to use the PFS with the current figures as the basis (especially as it is cost effective at current prices) and having the cherry on the cake in reserve. Interesting times me thinks. V
DPB20
Posts: 135
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.75
RE: RE: Why the dip??
Fri 16:14
Probably not with a 10% spread
Ereddy
Posts: 1,313
Off Topic
Opinion:No Opinion
Price:8.75
RE: RE: Why the dip??
Fri 16:00
Hm wonder if many will buy into the close given its Friday and potential of news mon.
sansavatar
Posts: 142
Off Topic
Opinion:No Opinion
Price:8.75
FAQs updated - discussing EVs
Fri 14:53
Interesting and reassuring as to the rapidly growing need of our resources.

http://amurminerals.com/frequently-asked-questions/
DestituteBroker
Posts: 897
Off Topic
Opinion:No Opinion
Price:8.75
RE: Why the dip??
Fri 11:54
The Dow Jones closed down 274.14 points –1.24% yesterday. Causing a Pro trader to sell off in the pre market. Markets generally follow the US’s lead regardless of individual companies or to the surprise of posters on here, the Nickel price. It’s no wonder that those reading for guidance are mystified. It’s not what’s posted on these retail boards that’s important, it’s all the other detail that’s not.




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