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Thanks for the article 8adger
Did you notice extract from same article.
Bit of a concern the last para from same article (if it's correct) pushing date of production past 2024.
As forAmur Minerals' projectto develop Kun-Manye in the Amur region, its reserves (up to 1.2 million tonnes of nickel, about 300,000 tonnes of copper) allow for serious bets on this field. Copper. There are also stocks of platinum, palladium, cobalt, gold and silver. The difficulty is that in general the content of the components is not very high, and the object itself is located in the far northeast of the region, where there is no infrastructure. The scale of the mining project and its structure are not yet clear. According to the Ministry of Natural Resources of the Amur Region, "the inventory counting and the formation of the feasibility model of the project is under way." It is planned to build a concentrate production on the field, and BAM - production for the production of nickel matte or sell only concentrate. The timing of the start of production is not earlier than 2024, and they will largely depend on the situation of world prices and logistical restrictions.
July 19, 2019, 1:08 p.m.
As for the Amur Minerals project for the development of Kun-Manyier in the Amur Region, its reserves (up to 1.2 million tons of nickel, about 300 thousand tons of copper) make it possible to make serious bets on this deposit. The main components of its ores are nickel and copper. There are also reserves of platinum, palladium, cobalt, gold, silver. The difficulty is that, in general, the content of the components is not very high, and the object itself is located in the extreme north-east of the region, where there is no infrastructure. The scale of the mining project and its structure at this stage are not yet clear. According to the Ministry of Natural Resources of the Amur Region, at present “reserves are being calculated and the project’s technical and economic model is being formed.” It is planned to build concentrate production at the deposit, and at BAM - manufacture of nickel matte production or sell only concentrate.
Recent Nickel article ...in case anyone missed it.
Using our age old basic formula for calculating NPV against that $24.16 billion, I arrive at a NPV of circa $1.2 billion or £957 million divided by 718 million shares, that's £1.33 per share.
Right now, fair value should be 25% of that, so 33p would be about right.
Also during that last month, 22,000 tonnes of class 1 nickel have left the LME warehouse.
It's about time RY updated his long suffering shareholders.
From 19th June to 19th July, nickel price has risen $3,235, that's increased our inground asset value by, $5.17 billion. Now standing @ $24.16 billion and that's before 2018 upgrade.
I don't need to tell you what's happened to the share price over the same period.
Not sure if there's another stock out there, where the disconnect between asset value and company value is so staggering , if so, who?
I did the Thorong La pass in the Himalayas many years ago. Wonderful experience. Nepal is a fantastic country and the people exceptional. They have nothing but what they have they'll share. Humanity at its best.
Our present full smelter option delivers an NPV of 1 billion = circa 60p per share
I believe the 2018 results to be extremely good and the delay is because they have a material impact on the mine plan.
As for 2 billion, it was from a few scenarios I plugged into the NPV model that I developed.
intenebris, next time I see you I'll show you a picture of me standing on top of a hill ... yes, I said a hill called Kala Patar ... at 18,600 ft, with the summit of Everest, just six miles away, over my left shoulder.
Best holiday I have ever had.
Keep going. You're only making more of a fool of yourself.
No pal it was YOU who selected it lol... you even called me out twice on it so I decided to answer...
"Now try redoing it on a 2 billion NPV (which I think the 2018 results will take us towards)"
how are you dreaming up NPV from $600m to $2000m? Its just what you *think* isnt it.
Just like the £1 share price you *Dreamed* up...
When I post the actual facts, you dont like it, you reference something non existent...
Anyway, Why has Robin delayed the drill results for soo long? Perhaps they are not as good as people hoped.
Yet again, selectively choosing information.
Now try redoing it on a 2 billion NPV (which I think the 2018 results will take us towards)
Basically AP, once again you and your mate have embarrassed yourself tonight. I'd call it a day.
noloss, I never said I agreed with £700m OR £245m... Im just point out how massively inconsistent CrazyTowners figures are...
You playing your selective semantics again, you cheeky boy you.
Long way from your 3P whichever it is. Must try harder.
Crazynutter, I saw your 50% calculation, I just didnt feel need to reply.
But as youve now referenced it twice since the O.P, il answer,
You say you think AMC is worth £1 which = £700 million?
But if we use your 50% NPV calculation, it doesnt come anywhere near it...
AMC NPV post-tax at 10% discount rate of $614.5 million using a long-term nickel price of $8.00 per pound
Therefore $614m, so now lets take your 50% of that which = $307m.
As its dollars lets exchange that to GBP = £245m.
So what is it CrazyTowner? £700m or £245m?a big difference matey.
You really are a muppet.
I certainly didn't pull numbers out of the air.... I used your example but based it on the much more stable basis of NPV.
Don't blame me that you are stupid enough to have completely missed the takeover price was 50% of NPV in your own example.
Your not worth my time AP, that's why you get the response you get.
Once a tool always a tool.
hahaha, noloss is back playing the semantics.
When it suits you - semantics, when it doesnt - "I dont have to answer your questions"
BTW noloss, I recall for years you used to comment on 2 shares, AMC and FRR.
What happened to Frontera? It was suspended wasnt it?
Better hope that doesnt happen to AMC ay.
That's the point I didn't ask YOU. You feel the need to come on and try and convince though.
I wonder why?!
That's it from me tonight. Once a tool always a tool.
Crazytowner, it was noloss who asked me to provide what I thought the sp would be should an offer come in, so dont forget that part...
Anyhow I did more than just answer, I gave a rational answer backed by other takeovers.
You and him on the other hand pulled irrational numbers out of thin air.
Today AMC sp 1.8p valuing it at £13m, a LONG way off from sp £1 worth £700m.
How do you know that I haven't sold and bought along the way?
noloss, "Also what makes you think I'm underwater?"
I already answered that - The current shareprice has not been this low in 10 years...
In addition to that, you disclosed some of your buys not too long ago, above the current share price...
I think we should leave Mr Know It All to talk to himself. ;)
That doesn't answer the question.
Also what makes you think I'm underwater?