Amur Minerals Corporation ("Amur" or the "Company"), a nickel copper sulphide exploration and development company, is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Aeroscraft Corporation (Aeros), America's most innovative FAA-certified lighter-than-air (LTA) manufacturing company, to establish a strategic partnership to explore utillisation of Aero's heavy lift vehicles in supporting project logistics on the Company's proposed base metal operation located in the far east of Russia.
With all that is going on in the Ukraine, you'd expect AMC to have had a bit of a battering this week, but the price is holding up relatively well considering. And there are 3 reasons for this I believe.
1) The Presidential Committee is due to meet at the end of April to agree the signing off of some more subsoil licences (Amur potentially being one such company).
2) Amur is soon to release its revised NPV and part of its financial plan for developing the Kun Manie mine (mid-April). Amur was floated in 2006 at a valuation of £28.5 million based on a projected net present resource value of $84 million. I'm expecting the new NPV to come in at around $250 million+ A massive increase.
3) No drill plan has been released by the company for this summer. Is this because they are due to set work on other tasks? preparing for infrastructure etc?
Amur is currently priced at £20 million. Eight and a half million pounds below its IPO valuation and priced nowhere near its old NPV, never mind the new one we're waiting on. Amur is sitting on an 8 billion dollar resource and is valued at a paltry 20 million quid! Obviously there is a reason for this disconnect - The Russian factor for starters, the length it's taken to jump through the various bureaucratic hoops, the changing of subsoil laws, the development of the Russian far east and now the Ukraine crisis. However, April is going to be an important month for news flow and that's why I think we've not seen a stampede for the exit even with the alarming Ukraine debacle coming out of the blue. In fact, there's even been a bit of cheeky buying going on in the background on the recent dips.
Are we rich yet? I heard the troops had arrived at the AMC offices but Robin is fending them off, he has put his mattress on the balcony to stop the Grappling hooks, hold on Robin we are on our way! I think we should sanction Russia so they cant have any of our minerals unless they back down and give us the licence! gla
...how the news in Ukraine didn't affect EUA - another mining share in the vicinity, in the same way.
I cannot take airship transportation of refined ore seriously. The load carrying capacity of those things is tiny in comparison to their own mass and bulk and the size of the hangering and loading facilities will be prohibitive surely? Additionally, in the cold climate the density of the Helium will increase quite significantly, decreasing load carrying capacity. Cannot see it working. Not a pessimist - just don't think this is the answer! Rather have a nice smooth tarmac road!
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