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£23 million Mcap with upwards of £10 billion resource is the key reason I think we will start to see a realization Amur is priced far too cheap
Amur’s KM project named number 11
11.Amur Minerals' (AMC) Kun-Manie prospect, located in the snow-covered Amur Oblast region in the far east of Russia, is about as geographically isolated as it gets. But the early-stage nickel sulphide project is also in a region where the Kremlin wants to see job growth, and mining has long been the country’s economic panacea of choice. Construction of an open pit and underground mine at Kun-Manie remains a long way off, as do definitive cost expectations, but what is increasingly clear is that Amur is sitting on an enormous asset. This month, the Aim-traded company upgraded its resource estimate for the project to 1.04m tonnes of nickel equivalent, which based on current prices has an in-situ value of $10.5bn. Extracting that will be no easy feat, but if achieved it would make Amur a top 10 nickel producer.
I believe 2020 is the year the AMC starts to reflect the true scale and value of the asset
The target is in sight!Wed 18:14
Robin Young, CEO of Amur Minerals Corporation, commented:
"We are pleased to have completed this financing with Plena Global Opportunities LLC. This staged funding will allow us to continue toward the completion of the Permanent Conditions TEO due for completion in Q4 this year.
"Following the appointment of Adam Habib as advisor to the board last month, the completion of the TEO is key to securing strategic investors, infrastructure funds and prepay finance via offtake partners.
"The next and most significant deliverable for inclusion in the TEO is Gipronickel's determination of the ability of the Company to generate separate saleable concentrates for copper and for nickel. As noted in earlier RNS information, as much as US$750 million could be generated in payable copper revenue substantially enhancing project economics and allowing for the Company to identify additional off-takers for the Kun-Manie generated intermediate products."
Adam Habib, Advisor to the Board of Amur Minerals Corporation, commented:
"It is essential that the TEO (Russia BFS) be completed as it is one of the key requirements before Amur can engage with off-takers. This funding enables this key hurdle to be achieved thereby allowing the Company to move onto the next set of deliverables and engage confidently with the nickel and copper market participants."
Read all about it :
https://amurminerals.com/content/wp-content/uploads/20190222-Access-Road.pdf
PS Our 330km road will cost approx £100M 1 mile of motorway costs approx £30M
Nah Bob, they will need a motorway to get the massive amount of trucks and trailers ok no to get the vast volumes of nickel copper and all the others metals in that huge mine and it's mega reserves , let's just build a multi rail line and a mini village as well, just a little ramp :)
RY has also stated in the past that a lot of the TEO info can be used in the BFS.
What Adam said about the road was partly wrong, they have already done a lot of work towards that, and for those that aren't aware, we are not talking about a motorway, we are talking about a very wide forestry type surface half of which is already in existence, it just needs widening rolling and grading.
Correct me if I am wrong but didn't Adam in an interview state the BFS could be started as soon as they had an income stream and it would be a year maybe for completion? In this case weeks rather than months are important just to get this ball rolling, if this JV is that good whatever it is then really a re rate of some order is on the cards! So much information to look forward to, but a year to wait in these times is not too bad is it?
"as much as US$750 million could be generated in payable copper revenue substantially enhancing project economics and allowing for the Company to identify additional off-takers for the Kun-Manie generated intermediate products."
"This funding enables this key hurdle to be achieved thereby allowing the Company to move onto the next set of deliverables and engage confidently with the nickel and copper market participants."
$750 million!!!!!
Robin Young, CEO of Amur Minerals Corporation, commented:
"We are pleased to have completed this financing with Plena Global Opportunities LLC. This staged funding will allow us to continue toward the completion of the Permanent Conditions TEO due for completion in Q4 this year.
"Following the appointment of Adam Habib as advisor to the board last month, the completion of the TEO is key to securing strategic investors, infrastructure funds and prepay finance via offtake partners.
"The next and most significant deliverable for inclusion in the TEO is Gipronickel's determination of the ability of the Company to generate separate saleable concentrates for copper and for nickel. As noted in earlier RNS information, as much as US$750 million could be generated in payable copper revenue substantially enhancing project economics and allowing for the Company to identify additional off-takers for the Kun-Manie generated intermediate products."
Adam Habib, Advisor to the Board of Amur Minerals Corporation, commented:
"It is essential that the TEO (Russia BFS) be completed as it is one of the key requirements before Amur can engage with off-takers. This funding enables this key hurdle to be achieved thereby allowing the Company to move onto the next set of deliverables and engage confidently with the nickel and copper market participants."