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Hi Red. This BB has turned out some truly amazing in depth research and opinion. I thank you all. ATB Speedy
Schachmeister - reported again...
you should change yours to idiot, it would save us having to read the text as we can see immediately who it is. Back again?
Look at the posting history across the boards since becoming a member. Pathetic
Well being negative certainly doesn't change anything. Although I will always have a negative vibe towards you as sometimes its the only appropriate course of action.
Yes prior to the PFS that was what we could get. We should be able to get better now or at least I hope we do.
Yes quite correct Noloss we engaged a firm that only had the ability to direct us to a payday loan
Shark.More of that to come I suppose.Another 200m share issue at the agm and the cycle goes on.
In 2020 i’ll Be in my 13th year and at this rate still under water
MD
Go away Schack.
MD,
But what did we only need a PFS for?
Perhaps a partner to pay for the ongoing work imo. But only time will tell.
Stebol
Well one example would be telling the company that we don’t need a DFS and to produce a PFS,
We are told today that we are now to produce a DFS along with TEO
MD
Correction: 'work on drilling'
The point I was trying to make stands, I don't think they were referring then to the fact that the resources had grown just from a reduced COG
MD - if you could provide some examples of the 'clearly' terrible advice received then that would be helpful
Has anyone got a view on the untenable position of Mr Gazzard.Through his company Medea,AMC have clearly been give some terrible advice.will we be receiving a refund on the fees
MD
That's a good point Noloss. He would have taken his own view knowing the state of progress/next steps, no-one was forcing him to take his position immediately
'finished'
Hi Blackrhino1 ..... we haven't done any drilling since 2018 .... the programme fonished in November
OTL
At least it appears that Tom Bowens with his recent purchase of £160k+ worth of shares, is not expecting a heavy dilution to pay for this lot.
Don't keep us waiting too long to find out please RY.
The Chairman's statement in the 2018 annual report was clear 'We feel strongly that the newly identified mineralisation provides the potential to substantially enhance the February 2019 PFS'. He was talking about the results of the 2018 drilling programme. Today's RNS considers the drilling done since 2018 and the fact that the limits of the mineralisation have been based on a COG of 0.20%. Of course the latter statement would be expected to provide a considerable increase in resources but I doubt that was the reason RY was so excited about the drilling results at the Nov meeting nor the Chairman in his statement.
Can’t decide but if an NDA were in place limiting the release of sensitive/confidential information, would dropping in the COG at 0.2% not be considered to be subject to it.
Or is it a case that the company is just reminding everyone that data down to 0.2% COG is in hand, not necessarily that this would be the cut-off point for the PFS etc?
I would agree with that amur tigers...you expect foreign companies to comply with governmental requirements.
What i like about it being released in the market is that its telling prospective partners and the russian government agencies...we know the process and we will comply, no skeletons in the cupboard so to speak.
You welcome CF73, yes indeed I believe so because the numbers are known to amc bod so any potential partner will, most likely, know the numbers too. What todays rns are telling me is that amc are fully following the Government requirements etc, this in no way stops them to have a deal at any time, this is more to do with fully meeting the deadlines.
Thanks cowboysteve and AmurTigers
Is it possible that a deal is announced before we arrive at the TEO deadline date? The numbers will already be known to the key interested parties. With a few adjustments, the value/ viability of the project will be understood --- though perhaps the TEO is required by AMC to get a better price
Hi CF73,
No, IG sold it without TEO. TEO will be ready only next year, but Government funding already in place. So can’t really see why we won’t have same development of events...
April 19, 2019, NEDRADV. JSC Russian Copper Company (RMK) plans by 2020 to prepare a feasibility study for a permanent and exploratory condition for a project to develop the Malmyzhsky gold-copper-porphyry deposit in the Khabarovsk Territory. This was announced by Natalia Gonchar, vice president of environmental and industrial safety, in a presentation at an expanded meeting of the Khabarovsk Territory government.
In 2019, at the moment, the company has begun detailed exploration in the licensed areas of Dolina, Liberty, Centralny and Plain. Temporary balance reserves for 2015 amounted to 1.261 billion tons of ore with a grade of 0.41% and 5.156 million tons of copper, gold - 278 tons.
In 2021, the company expects to begin construction of a mining and processing plant (GOK) with a capacity of 35 million tons of ore per year at the deposit. Extraction is assumed by flotation. The launch of the GOK is planned in 2022.
Total investment in the project is 115 billion rubles.
not sure CF73. Being a privately held company I don't think they were ever under an obligation to publish the output of the TEO (then again were a public co and we dont get to see the outputs of our company's work...ahem 2018...)
I'm guessing the nature of the JV with Freeport McMoran kept it private and only could be displayed to those with a commercial intention, like RCC.
Regarding TEOs, was IG Copper's (under Bowens) ever openly published? Or did they go straight to deal-making once it was completed?
OnTheLevel, regarding when I might have expected news on drill results and PFS inclusion etc. perhaps Q2 2020, was my thinking, trying to be realistic. Today's news slots in with this, with TEO expected not too long after. Is likely the case that the results are now released with the TEO, which I think could happen earlier than Dec 1st 2020