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Well, at least every other commodity company is rallying like crazy. Not this abomination though.
Presentation and AGM
https://www.lse.co.uk/rns/ARS/bkz-resource-update-presentation-and-recording-r3fe836h23dhf69.html
https://www.lse.co.uk/rns/ARS/notice-of-annual-general-meeting-czxn0xx53djk87y.html
After 9 years, the mine is built, paid for, fully depreciated, FCF positive since 2025/26 and returns received as set out in the BFS, what is the future upside for this project?
Multiple satellite deposits offering high margin polymetalic (multiple metals) ore feed as recent drilling at the BKZ deposit clearly demonstrates, all within the KSK CoW and all within trucking distance of the BKM mine site.
Comparisons made (interview) with other typical VMS (cluster deposits) in and around the world for LOM extentions of 40+ years.
The business proposition speaks for itself.
Dyor.
The UK (junior) mining sector has been in decline for many years illustrated by current m/caps, across the board.
Assuredly as day follows night fortunes will change and will take only one event for an inflection point to occur and is long overdue. The Asiamet/DOID deal could be such an event. Having progressed from explorer, developer to producer almost and revenues on the horizon, will bring a whole new set of investors to the fore. Good news for the industry and a breath of fresh air to the rest.
A new CEO in a couple of weeks or so, then maybe the Chairman could take 5 minutes and catch his breath as well.
All imo.
Great post Updo, agree 100%
Never mind the grade or the increased resource. We know for a very long time the tremendous prospects of KSK. What I am more concerned is about Tony our CEO . I mentioned here a number of times before and repeat I believed Tony had run out of puff. It would have been better for everyone if Tony had surrendered his position to someone else for some time now.
I am not trying to belittle him at all whatsoever, because I have heard that works connected to Kalimantan can be very taxing. But I am concerned that he is running on empty and when someone run on empty that person usually run for himself.
This is my view, hopefully I will be proven wrong.
A nice breakdown Coyote and should make for a good deal hopefully, especially with the demand increasing for EV`s and alike across the world, which is why I invested here in the first place but obviously not to see the SP decimated. Just hope they can get a deal this time, especially with the % increases and the likes of Tesla moving in, all helps the cause. Would be good to see a broker rating, the likes of 2018 @ 20p, to bring back some confidence here. GLA
Now is as good a time as any, inspite of market sentiment.
Yes some very good detail in the interview, however the assets have never, ever been in doubt IMO, we just need thr BOD to get this over the line, that is where the worry lies IMO.
Good luck all
A few takes from the interview,
1/ District Scale VMS style geology of stacked lens and higher grades.
2/ Multiple satellite deposits - 18 identified to date.
3/ Polymetalic in nature for multiple metals within multiple deposits for extended mine life.
4/ Recent drilling at BKZ demonstrates the potential increase in value (×5 in this case) for higher margins with the discovery of additional metals within the rock per tonne.
5/ BKZ is only one satellite deposit and is exclusive of BKM.
6/ Once BKM (copper) is constructed no further infrastructure expenditure is required to exploit the additional polymetalic deposits.
7/ Zinc is a contributor to the Green transition.
8/ Indonesia has all metals and is the largest nickel producer in the world.
9/ The Government intends to make the country a powerhouse for energy transition metals.
10/ Ev battery manufacturers to invest in the region.
11/ Tesla to invest and secure future nickel supply.
12/ Foreign investment is pouring into the country (see previous post).
13/ DOID engaged independent assessor for due diligence.
14/ DOID unfamiliar with metals and mine ownership request further due diligence.
15/ Advanced financial due diligence to add confidence and satisfy the above.
16/ Decide upon a preferred Bank for the debt facility.
17/ Further independent consultant (ITE) appointed to assist in this process.
18/ DOID and ITE to present to the preferred Bank.
19/ Newpro to upgrade the 2019 FS to a BFS.
20/ All reports to be completed next week for final presentation by DOID and Asiamet to the Bank and the Plan of Execution signed off.
Dyor.
Thanks comeonvog, I feel the same but we have had so many disappointments in the past, just hoping these % increases and the Gold will now bring us closer to a sale. GLA
Hawkander i feel we are closer but not there yet , I can wait as the investment case gets better after each drilling campaign.
Big chunky buys coming in...its not surprising really
I`m just curious after watching the latest interview, what`s the general feeling about a deal in the near future, as the interview sounds very positive with increased percentages and obviously the Gold? GLA
Final words of interview "Patience will be well rewarded in due course". The final financing decisions from the bank, shouldn`t be far away, if this interview is as good as it sounds and with the % increases in what`s in the ground are to go by, sounds really positive. Great news on Tesla etc... Any thoughts anyone? GLA
Check out the interview over on YouTube. It's a must.