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AT's note is a good reminder of what we have ie Nickel, Copper, Cobalt, Gold, Silver, Platinum, Palladium, Sulphur, rhodium etc.
It is also worth remembering that last year Adam advised that the Offtaker would take all the metals. Good news on the face of it. However, the updated TEO TS option shows that we are being paid for the Nickel, Copper and a small amount for the Palladium , Platinum and the Gold. We have given away the Cobalt and a large junk of the Platinum, Palladium and Gold. Nothing is being obtained for the Silver, Sulphur etc. Good business?
Assuming that the FFS Option is still on the table it will be interesting to see the figure that is generated from all the additional metals. It was $865m at PFS stage. Also, worth noting that the price of all the metals listed has risen substantially since PFS stage.
I see now, latest pdf presentation does match this,thanks for the link:) thought I found something interesting but at least we all agree we have billions in a ground with the sp below 2p...
Better still.
https://amurminerals.com/content/wp-content/uploads/20201125-TEO-Update.pdf
TDT
AT
You might find it helpful if you go through Amur's web site, esepcially this part.
https://amurminerals.com/kun-manie-project-background/
TDT
The question is why we were not told about such huge resources ( copper, platinum, palladium )??? Info like this is significant price sensitive info and amc MUST rns this finding, it makes no difference is it 2017,2019 or 2020, these details were not announced, if they would have announced them we wouldn’t be sitting below 2p surely...!!!
Pdf attachment I mentioned says - In English
Kotelnikov A.E., Kolmakova D.A., Kotelnikova E.M. Determination of the copper-nickel ores formation sequence of the Kun-Manye deposit (Amur region) // RUDN Journal of Engineering Researches. - 2020. - ?. 21. - ?1. - C. 48-57. doi: 10.22363/2312-8143-2020-21-1-48-57
http://journals.rudn.ru/engineering-researches/rt/captureCite/24652/0
The link you posted to the article, second page, last paragraph bottom right hand side states:-
"The total mineral resources of the deposit Denia Kun-Manye as of 2017 estimated in the amount of 101.3 million tons of ore, 770 thousand tons nickel, 207 thousand tons of copper, 15.2 thousand tons of cobalt, 16.7 tons of platinum and 18.1 tons of palladium diya [11; 12]."
Admittedly that's Google translate and you may come up with something else but that's the page you reference.
TDT
TDT - no its not 2017 estimates, in 2019 we were told about 137000t copper but now we have over 200000t and same article clearly state following - Kun-Manye // NEDRADV (Nedra Far East). (date accessed: 15.02.2020)
So scientist got the details from Nedra in feb 2020
AmurTigers
if thats correct then surely adeded with the nickel price increase of late, plus this we must be touching some where around 35 Billion in ground value already ?
Added to that TDT research on baterys and electrification and its force to be inflicted on the nickel price long term makes Amc even more compelling to say the least
as always sorry for the DYs
AT
The article you posted gives 2017 estimates for gross in place metal. Once you factor in recovery rates for the in place totals you end up netting significantly less than the gross in ground figure. I don't think this is anything earth shattering.
What is earth shattering is the extended radio silence.
TDT
Hi, I think we shouldn’t have seen this info yet because it may be classed as state secret...I would suggest everyone to save the document because will not be surprised if it will be removed asap...
and we have significant resource increase, copper and platinum alone worth over 1.5 billion add palladium and nickel and we have 7-10 billion usd in a ground
Hi Amurtigers. Good find. Just goes to show how bad our BODs are with info. AMC really needs to get a PR grip, or is there a underlying reason for such a lack info? ATB Speedy
So back in Feb 2019 amc announced following - In the February 2019 PFS, a total of 137,000 tonnes of copper were projected to be contained within the nickel concentrate. At a copper price of $2.50 per pound ($5,510 per tonne), the total value of copper contained in the concentrate would be in the order of US$750 million
And in June 2020 amc announced following - "Gipronickel Institute's metallurgical test work has provided us with the cornerstone information to the TEO study work that is underway” - yes cornerstone information that you DIDN’T bother to tell us...!!!
Now - below is a scientifically based article - 10 pages about Kun Manye, 3 scientist worked on below - dated 2020 so the latest update.
Why even 3 scientist worked on this report and why amc did not tell us that we have 207000 tons of cooper not 137000 - that is almost DOUBLE the amc reported figure also we have 16.7 tons of Platinum!!!!!! and 18 tons Palladium...
Determination of the sequence of formation of copper-nickel ores of the Kun-Manye deposit (Amur Region)
Authors: Kotelnikov A.E. 1, Kolmakova D.A. 1, Kotelnikova E.M. 1
Institutions:
Peoples' Friendship University of Russia
Issue: Vol 21, No 1 (2020)
Pages: 48-57
Section: Geosciences
About the authors
Alexander Evgenievich Kotelnikov
Peoples' Friendship University of Russia
Corresponding author.
Email: kotelnikov-ae@rudn.ru
Russian Federation, 117198, Moscow, st. Miklukho-Maclay, 6
Associate Professor of the Department of Subsoil Use and Oil and Gas Business of the Engineering Academy of the RUDN University, Candidate of Geological and Mineralogical Sciences
Daria Alexandrovna Kolmakova
Peoples' Friendship University of Russia
Email: kotelnikov-ae@rudn.ru
Russian Federation, 117198, Moscow, st. Miklukho-Maclay, 6
Student of the Department of Subsoil Use and Oil and Gas Business of the Engineering Academy of the RUDN University
Elena Mikhailovna Kotelnikova
Peoples' Friendship University of Russia
Email: kotelnikov-ae@rudn.ru
Russian Federation, 117198, Moscow, st. Miklukho-Maclay, 6
Senior Lecturer of the Department of Subsoil Use and Oil and Gas Business of the Engineering Academy of the RUDN University, Candidate of Geological and Mineralogical Sciences
Pdf Page2 - 207 thousand tons of copper, 15.2 thousand tons of cobalt, 16.7 tons of platinum and 18.1 tons of palladium
http://journals.rudn.ru/engineering-researches/article/view/24652/ru_RU