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Think ksk needs more than 2000m drilling.? BKM with reserves does not need drilling but even BKZ still needs further drilling to delineate the resource. as far as i know its still open from multiple directions. not to mention any of the other assets where only soil sampling has been done and some aerial surveys. I agree though biggest rewards reaped when we hold on to to the biggest piece of the pie.
For anyone interested a very informative paper by Bardolf, who has worked very closely with the Company for long time.
https://www.academia.edu/8440569/The_Mismatch_between_Mineral_Exploration_and_Community_Engagement_Some_Ethical_Questions?email_work_card=thumbnail
This is why I do not share the view of people who want to sell KSK. Firstly KSK unlike Beutong does not need 2000m drill and if we build up on close relations with the locals , as KLG initiated, should see access risks minimized . Beutong has already experienced protests. We should not lose sight also that soon Kalimantan will become a focal point of interest as it will host the new capital of Indonesia. The whole island will probably start booming in all directions with mass immigration from an over populated Java . We were there first. Let us not sell ourselves cheaply so that someone else reap the benefits.
As a general overview this statement is correct. However, Asiamet is in an advantageous position to benefit from this situation. It has two projects, one with a substantial (world class?) JORC compliant resource and the other is 'shovel ready' as they say having a completed and up to date BFS.
Jurisdiction improves by the day with Indonesian aspirations to become a global economic leader focused on mining and the green energy transition. Ideally located in south-east Asia and China consuming 50% of the world's copper at the last count.
That last paragraph is important :
A primary focus on financing presumes that the projects are ready and waiting. The reality is that the industry’s collective set of development options is modest by comparison with prior decades, with the well–known lack of discoveries, the depth and complexity of what has been found, and the lengthening catalogue of above ground risks and regulatory hurdles that confront project developers all add to the challenges of bringing additional copper to end–users in a timely fashion. Technological progress can help at the margin to improve the productivity of existing operations, but the binding geological realities feel like the stronger force for this decade at least.
In closing for this chapter, we reiterate our view that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a mature jurisdiction, or a higher grade greenfield in a higher risk and/or emerging jurisdiction. None of these sources of metal are likely to come cheaply, easily – or, unfortunately, promptly.
Big companies doing the work and we get it for free
https://www.bhp.com/news/prospects/2023/08/bhps-economic-and-commodity-outlook.
on their latest annual report they mention spending more than 70% of their medium term capital spend on future facing metals i.e. copper nickel etc...if you look around other smaller companies like AAZ for example you'll find they are looking to become a primary copper producer switching away from gold/silver- AAZ management has done an excellent job of building the company up. meanwhile in south america Chile CODELCO has seen a drop in their copper production due to lower grades and increased costs associated with underground mining. some of their biggest mines like Chuquicamata have been in production since 1905 like
I have to agree with ThePrevin - your posts are probably doing more harm than good. You waffle on - 11,734 posts!
Please stop commenting on ARS!
The empty barrel makes the loudest noise comes to mind.
This board used to be useful for potential investors...
4 u not block me tells me everything, GL only small punt 4 me, was trade on release FS but not work out, and a few more since, followed company 4 last 5 years
Well at least you can laugh. The problem is I can't tell if you're invested or not, optimistic or pessimistic or just plain crazy. You don't seem to add anything of value here and change your view like the wind. I know you won't but if you are an invested I'd suggest just chilling out a bit and let them get on with it. Otherwise if you're not comfortable with your investment size, then sell some.
Just looked at there tweets from asiamet, suggesting there very confident in getting this into production, these prices r steal if they can.
Add in the recent changes in policy in S.America, Indonesia has become the 'go to' destination for new projects and access to the south-east Asian Market place.
The Indonesian President Joko Widodo said today, his term in office is the foundation of Indonesia's aspiration to become one of the world's biggest economies and global powerhouse by 2045.
Cheap yes, but copper prices In trouble as china's economy in trouble, timing not great, undecided if asiamet itself can get finance too get into production, still feel this could be bought out, but at what price,
The only thing that might happen is a potential buyer taking advantage of our financial position to get us on the cheap imo. ignoring the fact that copper supply is gonna be in deficit in the not too distant future there should be no trouble getting financing in this market when every major is on the hunt for more copper and other battery related metals. the long term share price weakness has more to do with investor confidence than the fundamental asset underlying it imho which is partly why its such a great opportunity at these levels. as i have said before find me a shovel ready project with feasibilty study done thats trading at 30 mil!?
Doid have I think till 14th to exercise that option apply 4 shares raise US$5 million if decide go this route. And need appoint directors board.
But what's their intentions? Just want to lose some money?
Still think in this environment will struggle on own get finance, be happy c all assets bought out.
Copper price of $3.98/lb results in a 3.4 year payback period for the Project. Still possibility costs can be further reduced, copper price now 3.66
Base case uses consensus long term copper price of $3.98/lb, 9.2 year mine life, Capital cost of $208.7 million
In January 2018, Asiamet and it's Indonesian partner EMM were granted the key production licence IUP-OP required to advance the project to the development stage. The IUP-OP provides for an initial 20 years of licence tenure which may be extended twice, each for a period of 10 years, totalling 40 years.
Extract taken from Asiamet's website - main page - Beutong.
Baroi is my favourite Hughes said, it's underground but with very high grade vein systems. Historical results show 35m @ 5% Cu and Ag @ 6oz/t.
Polymetallic deposit containing zinc* lol
I think there is always the suspicion that mms are trying to downlpay the trades in order to create panic in people which might be true i guess. Hence often you find the actual trades dont go at anywhere near the bid and ask reported on lse. Although i am unsure if that is the intention maybe its just the levels you would expect to pay depending on the size of your order.
thanks for all the rns Coyote. looks like they actually have an inferred resource out for bkz which shows both polymetallic zinc for 700kt at 8%(very high grade) and cu at 1.1 % for 1.1mt- quite interesting to read how they planned to do 5 holes but ended up drilling 35 holes for over 3000 meters and announced an inferred resource, from what i am reading it seemed an exciting period . The better part is this resource is still open on multiple directions for both polymetallic deposit and the high grade copper deposit underneath. my guess is for financial reasons they had enough information about bkz and decided to focus on the surrounding area after that. They also mentioned that eight prospective areas having similar geophysical and geochemical characteristics to bkz were identified during this period which warranted 'aggressive follow upp exploration'