Member Info for Hughez87

For any of you interested, there is a very good Telegram group chat for AMC.

https://t.me/amur_minerals

I’m sure there will be some shananigans over the next few weeks and run up to TEO and beyond.

Europe has surpassed China as the biggest EV market but still lacks battery production capacity. That seems set to change. Automotive News Europe rounds up the EU’s battery production ambitions in this analysis

https://europe.autonews.com/automakers/how-europe-will-become-ev-battery-powerhouse

Will Europe be looking to Russia to secure its Nickel source? Europe ramping up EV and America now heading towards the Green Deal, taking EV seriously and expected competition from China all bodes well for AMC and their huge Class 1 Nickel deposit.

For any of you interested, there is a very good Telegram group chat for AMC.

https://t.me/amur_minerals

I’m sure there will be some shananigans over the next few weeks and run up to TEO and beyond.

Let’s hope it plays out the way we all hope.
Kun Manie Class 1 Nickel Sulphide Mine - 100% Ownership - Russia - 155.1Mt resource @ 1.02% Nickel Equivalent Grade - This could materially increase once 2018 drilling results incorporated - Already ranks AMC amongst one of the largest undeveloped Nickel Sulphide companies in the world.

Currently AMC have a Non Binding Offtake with a Major - This is sufficient for the TEO.

Roper Bar Iron Ore Mine - 13.43% Ownership (once converted) - Australia - 450Mt resource - First shipment commenced end of Oct 2020, 58,000 tonnes, presold to offtaker (Glencore) - 4/5 more shipments by the end of 2020

Near Term expected RNS's:

Kun Manie:

- Technical Update - Reserves
- Binding Offtake with a Major - Most likely Glencore
- NPV upgrade - Inc 2018 Drilling, All metals payable, Separate Copper Concentrate
- TEO Submission
- BFS Funding with Off Taker

Roper Bar:

- NRR Shipments - approx every 2 weeks
- Revaluation of Plant & Equipment - Currently A$76m

For any of you interested, there is a very good Telegram group chat for AMC.

https://t.me/amur_minerals

I’m sure there will be some shananigans over the next few weeks and run up to TEO and beyond.

Let’s hope it plays out the way we all hope.

I agree Crazytowner. At the moment and judging by all recent RNSs everything is on track. I will be positive and believe in that. Given the importance of TEO to unlock Russian funding etc, I think it would be wise if they have the paperwork for Plan B and extension in the event of unforeseen circumstances relating to Covid but I highly doubt this will be needed.

Roll on the next few weeks with a sprinkle of some good news and updates.

:)

I agree Crazytowner. At the moment and judging by all recent RNSs everything is on track. I will be positive and believe in that. Given the importance of TEO to unlock Russian funding etc, I think it would be wise if they have the paperwork for Plan B and extension in the event of unforeseen circumstances relating to Covid but I highly doubt this will be needed.

Roll on the next few weeks with a sprinkle of some good news and updates.

:)

For any of you interested, there is a very good Telegram group chat for AMC.

https://t.me/amur_minerals

I’m sure there will be some shananigans over the next few weeks and run up to TEO and beyond.

Let’s hope it plays out the way we all hope.

https://insideevs.com/news/453095/bmw-produce-electric-cars-all-plants-germany/

BMW Group plans to produce more than 7 million plug-in cars over the next 10 years (by 2030). Two thirds will be BEVs. So far, the company sold well over 600,000 BEVs/PHEVs.

Nice to finish above 2p again. There is so much going on in the world of Class 1 Nickel and EV. Large players will be eyeing up AMCs asset.

The Chinese government has launched a new energy vehicle (NEV) industry development plan that will see NEV sales account for 20% of the country’s total vehicle sales by 2025.

The plan, which covers the period from 2021 to 2035, will also see battery-electric vehicles dominating new vehicle sales by 2035. By that time, China’s goal is to have all of its public transport running on electric power.

Natalie Scott-Gray, senior metals analyst with StoneX, said the announcement “has solidified the bullish sentiment towards the future use of key ‘green metals’ being utilized in electric vehicles,” which include copper used in electric wiring, aluminum for light-weighting, and lithium, nickel, and cobalt used in lithium-ion batteries.

Hold tight AMC shareholders. Our SP is only going one way and we have so much good news just around the corner.

https://www.mining.com/china-targets-20-share-of-new-energy-vehicle-sales-by-2025/

Let’s hope Biden wins tonight and fulfils his promises of moving America away from fossil fuels and towards renewables. Could be a kick up the ass our share price needs building momentum towards TEO and other expected good news such as 2018 Drill results and Binding off take.

Competition for Nickel will only encourage China to make more deals with miners such as AMC as they adopt a policy of being less reliant on Western economies.

In a future driven by electric vehicles, China is poised to dominate if the U.S. does not transform its automobile industry in coming years.

"Over the next five years we anticipate Chinese players across the EV supply chain to aggressively enter the overseas market," UBS analysts wrote in a note Wednesday. "We believe China materials costs are lower than the overseas market. If this advantage can sustain, China could realize a cost advantage over ex-China players."

Through deals with mines and other industry players, China has secured the minerals and key materials for battery  production for at least the next five years, said He Hui, senior researcher on China's new energy policy at The International Council on Clean Transportation.

By 2030, McKinsey estimates more than a third to almost half of vehicles sold in China and Europe will be battery-powered and plug-in hybrid electric vehicles. The anticipated market share for the U.S. is far lower at roughly 17% to 36%, up from 3% this year.     

https://www.cnbc.com/2020/10/23/chinas-electric-car-strategys-implications-for-us-energy-security.html

It is not exactly dilutive ETank....

I think this could have been a very wise move by the AMC board, making the most of the higher Iron Ore prices now and current demand from China.

Giving back a small percentage of their initial convertible coupon in return for NRR expediating production seems the wise thing to do and as CrazyTowner points out allows us to fund Kun Manie much sooner.

Overall, the outlook for iron ore is looking more finely balanced currently than it has in recent months, with supply recovering and demand holding steady at high levels.

However, there are signs that Brazil’s exports are recovering to pre-coronavirus levels, with Refinitiv vessel-tracking and port data showing shipments of 32.7 million tonnes in September.
The official data was even more bullish, showing exports of 37.86 million tonnes in September, up 18.7% from the same month a year earlier.

The Refinitiv data showed September shipments slightly below August’s 35.4 million tonnes, but well up from January’s 20.8 million, 21.3 million in February and 22.9 million in March.
South Africa’s exports were 5.5 million tonnes in September, the highest since January and some 48% higher than the 3.7 million from April - the nadir so far this year.

https://www.reuters.com/article/column-russell-ironore-china-idUSL4N2GW0TT

If Biden wins next week, which looks very likely I think our common cause (of becoming millionaires :) ) will be helped immensely.

A global infrastructure spending push would mean a lot more energy metals will need to be mined, including lithium, nickel, cobalt and manganese for EV batteries; copper for electric vehicle wiring and renewable energy projects; silver for solar panels; and rare earths for permanent magnets that go into EV motors and wind turbines.
 
According to Inside Climate News, Biden has signaled he will embrace central concepts of the “New Green Deal” – a program first espoused by New York Senator, and Democratic Alexandria Ocasio-Cortez – including spending $1.7 trillion over 10 years to achieve 100% clean energy and net-zero emissions by 2050.

America and China going toe to toe for the worlds limited supply of Class 1 Nickel can only help things. AMC are sitting on China’s doorstep with 1.58 million tonnes of it @ approx 16000 USD per tonne.

I think we will be heading back towards 3p before the end of next week with TEO literally around the corner. Bring it on.

Good article on the growing demand for Copper, Chinas recovery and a Biden American victory helping kickstart a huge shift to renewables and becoming Carbon neutral.

All of interest to AMC with our copper deposit and huge Class 1 nickel deposit.

https://www.thetimes.co.uk/article/copper-price-soars-on-back-of-chinas-covid-19-recovery-3fwv92pv7

Sasa I like your 80p target. I’d take that :). It’s crazy to think what this share could achieve and the stars seem to be a aligning for us with our Iron ore investment, involvement of Glencore, increasing price of Nickel and Copper. All that and the post Covid switch to EV and renewable energy in order to help combat climate change. Should be an interesting and rewarding 12 months for share holders here.

Nickel breaching the 7.25USD per Ib mark. Does not look like stopping anytime soon.

I think the Nickel price is going to keep rising.....

https://www.kitco.com/news/2020-10-20/Nickel-export-squeeze-could-lead-to-some-more-upside.html

Nickel export squeeze could lead to some more upside

Mine production in the Philippines is expected to fall by around 9.3%, down to 293.4kt in 2020, as companies struggle to keep operating while combating the dual challenges of COVID-19 and weather disruptions. We have already seen the likes of Global Ferronickel Holdings Inc. suspend operations in the Surigao del Norte province, where most of the country’s mines are located.
This could present an opportunity for miners who mine outside the area. For example firms like Vale, BHP, Glencore and Norilsk Nickel. Some of which do mine in Indonesia and the Philippines but we could see a change of tactics if issues become worse in the region.
Looking at the daily nickel futures chart we can see this squeeze in exports is having a big effect on the price. The nickel price is about to take out the previous wave high of $1158.4 and could extend to the upside.

A summary of the podcast contained in my post earlier....

AMC are sitting on a monster given these figures

 
Nickel Sulphate
              
-Tesla offer of Giant Contracts
- Nickel to become the New Gold
- Key Driver = EV Growth
- 2.1m EV’s in 2019 - 35 KT of Class 1 Nickel (currenty only 3% of current nickel mining)
- 114m EV’s forecast by 2030 - 925KT per year (more than 14 Times Increase on current Nickel Mining needed in a short space of 10 Years)
              
- If Paris Climate Agreement is fully adopted is expected to increase EV growth even further
- This would 36% Growth per Year in EV Demand
- Reaching 245 million EV’s in 2030 and Class 1 Nickel Demand of 2000KT per year
              
Supply Side
              
-S&P Global ratings expect 2.3 Million Tonne mined to be mined by end of 2020
-Battery Grade Nickel Sulphate can only be produced economically using Class 1 Nickel (most pure form)
-Battery Supply Class 1 grade makes up only 1 Million Tonne  - 37% of Current Annual Production
-Huge Supply Challenge for Global Nickel
-Class 1 Nickel Sulphide deposit discoveries are very rare, only 1 in last decade
 

S&P Global Platts Pricing Director for APAC Metal Markets Julien Hall talks to Platts battery metals experts Joyce Zhang and Jiahong Ong for an overview of nickel use in electric vehicle batteries, the main fundamental drivers in the market, and how the pricing behaves, to get a better sense of how hot the nickel market really is..
.
https://www.spglobal.com/platts/en/market-insights/podcasts/battery-metals/101920-nickel-price-benchmark-china

What is your opinion of how this will play out Etank?

Data from @Roskill_Info shows need for additional 9M #ElectricVehicle sales in Europe to meet new European Parliament targets aimed at speeding up decarbonisation of the economy. New regulations target a 60% decrease in CO2 emissions against 1990 levels.

Good for AMC and the largest Drill Proven Class 1 Nickel Sulphide deposits in the world.

https://roskill.com/news/electric-vehicles-additional-9m-ev-sales-required-to-meet-60-reduction-in-co2-emission-targets-by-2030/