Member Info for JoeBass

Over a year ago this happened,,sp was 6.25p

"Amur Minerals Corporation, a nickel-copper sulphide mineral exploration and resource development company focused on the far east of Russia, announced that it has appointed Medea Capital Partners Ltd. (“Medea”), an FCA regulated corporate advisor, as Strategic Advisor to assist the Company in financing the development of the Kun-Manie Nickel/Copper Project in Russia."

Can anyone tell me what they have done and what value they have brought to the company ? 13 months and what ?

STOCKS AMOUNT
Opening Stock 251466
Live Warrants 188634
Cancelled Warrants 62832

Small drop of 372 tonnes yesterday.
5 straight days of reducing inventory for August so far, nickel price up again at the mo, $13,975.

"What I do find encouraging is, despite the increase in NPI output and the freeing up effect that may have on class 1, stocks in the LME are still going down. It may simply be speculators stock piling class 1 nickel but if it is its still taking stock out of the system which has to be good for price going forward."

Completely agree, that's my view too.

TDT,

Indeed , but can highest grade stainless products be produced from class 2 nickel ?

Most Asian stainless products are of low quality, the opposite is the norm in high end quality stainless product used in Europe.

I have seen low quality stainless water tanks in Asian, rust through in a couple of years.

By the time we get there, nickel could be @ $13/14 /lb

That's assuming we get the PFS before 2022.

"China's nickel pig iron production fed from Indonesian and Philippine mines dominate the industry currently, but producing battery grade material from Class 2 nickel is prohibitively expensive."

Good read if not already seen.

http://www.mining.com/electric-vehicle-demand-will-double-nickel-price-soon-2022/

Taking a complete hammering, down $5,550 today.
A few months back it was $94,000 mt, today $58,800 mt.

STOCKS AMOUNT
Opening Stock 251838
Live Warrants 188634
Cancelled Warrants 63204

Yesterday saw another drop of 1,440 tonnes, so far, August is averaging 1,000 tonnes per day.

STOCKS AMOUNT
Opening Stock 253278
Live Warrants 188694
Cancelled Warrants 64584

Down another 792 tonnes yesterday.
3 days into August and stocks have dropped 2766 tonnes.

"It's either a head-fake"

You mean, like a cheap ho down a side ally ? ;-)

Something has to give here soon, nickel price and LME nickel inventory cannot continue to fall in tandem.

Taking another kicking at the mo,,,,,,,,,,,,,, down 255, @ 13,090,,,,,,,,,,,,,, or $5.93/lb

Closing sp of 3.93 yesterday, first trade today @ 4.74 for 105,463.

Don't you just love the city spivs.

"A few years back as part of a major transformational programme Norilsk set an investment framework and capital discipline framework for investment in new projects which in summary specified:
~Annual Revenue $1b
~High margins at 40%+ EBITDA
~ 20yr+ reserve life.
~IRR hurdle 20%+"

The Russian govt, in other words, our comrade Vlad, wants economic development of the Amur region.
If Norilsk want to step outside of their investment framework, or it's suggested (nudge, nudge, wink, wink) to do so for a world class asset sitting in their backyard, I don't think they would have many problems doing so.

After all, this is Russia and much stranger things have happened there in the past.

"Today’s price action so far may encourage bargain hunters to hoover up even more nickel while it’s cheap."

If you have any involvement in the EV or EV battery business, it would be remiss of you if you fail to take advantage of above statement.

IMO, end of August will see levels drop by more than 20,000 tonnes.

Only reduced by 192 tonnes yesterday, every bit helps.

STOCKS AMOUNT
Opening Stock 254070
Live Warrants 188742
Cancelled Warrants 65328

Correction ,,

Down 1,782 tonnes from yesterday and the nickel price got smashed.

STOCKS AMOUNT
Opening Stock 254262
Live Warrants 188964
Cancelled Warrants 65298

Down 1,782 tonnes from yesterday and the nickel sp got smashed.

STOCKS AMOUNT
Opening Stock 256044
Live Warrants 189954
Cancelled Warrants 66090