Member Info for JoeBass

Noloss. You are not alone in sitting on significant paper losses, if I told you mine, your eyes would water. The company has told us on more than one occasion, not to listen to speculation on investor chat boards, but to only pay attention to official statements made by the company. This I agree with. When the CEO tells you of sp enhancing news is due very near term, those statements drive investment decisions, because it's not idle bb gossip. So when those promises do not happen and investments were made, you expect an explanation. We have been told PFS, imminent, very near term and in late stage of completion. Yet it's still delayed further, with some late explanation. When you say its linked to the same reason, you're right. My angst is not with AMC, but with one man, as is my right as a shareholder to offer criticism for his failings. You have the right to defend him, thats your decision. But don't criticise me for expecting our CEO to deliver or explain. I am please to see you understand whats going on here, maybe you can explain what happened to the media week, significant news and exec summary.

''Should RY not have co-operated with the other interested Strategic partners then?'' Where have I suggested that? I am referring to events promised that never materialised with out explanation. Media week being a good example and executive summary. The delayed PFS does not stop an exec summary. Surly you can see that.

''I will try to encourage RY to do this more often'' I think you should try to encourage RY to be more honest and not let his shareholders down with failed promises.

cossy,,,,,

But will we get to know/see full value ?

Big money has a way of futtbucking you, as seen many times on AIM.

If you were an EV battery maker or major nickel producer, with all the the predictions, would you move on AMC now or wait for nickel price to double ?

Nickel price forecast of $28,000 mt,,,,, $12,70 lb, by 2022,

If this statement is correct, with 1.5 million tonnes equivalent, then our insitu value would be a staggering $42 billion,
what would our npv be ?

I suspect all potentially interested strategic partners have seen the PFS and additional 2018 drill results and how the final version will look. We may have 2 million tonnes equivalent.

We will soon turn to 2019, the year most experts are predicting class 1 nickel price to rise, demand to outstrip supply, battery makers and auto makers to acquire battery material assets.

We keep being told we have low extraction costs, we're the largest undeveloped nickel sulfide deposit in the location of the three largest nickel consuming nations in our solar system, third largest on earth, new sulfide deposits few and far between, the major producers resources vastly depleted.

Projected EV growth will not happen without nickel sulfate, yet we know that growth will happen, we know that nickel sulfate is already costing $2000--$4000 mt more than LME price. Every article you see points to nickel sulfide as the key to a successful EV revolution, untill at least 2030.

8.1.1 batteries need approximately 30% more nickel, this is happening.

Nickel price forecast of $28,000 mt,,,,, $12,70 lb, by 2022, that's when we should be up and running.

How long before these factors makes someone bite the nickel bullet, with mcap where it is and secure our required battery materials ?

IMO, £100 - £150 million would do it right now, lock stock and barrel.

The day before we had a farm-in partner, poo was $77 and the AM was anchored in the middle east, our sp was 54p,
We now have a farm-in partner, poo is $67 and the AM is soon to be in British waters and on the verge of producing oil, our sp is a poxy 42p

It's true, the market knows the price of everything and the value of nothing.

Anyone have a view on this ?

"A second Japanese trader, who was consulted by the LME on the sulfate premium contract recently, said battery-grade nickel sulfate was trading at $2,000-$4,000/mt plus LME nickel prices."

https://www.investegate.co.uk/amur-minerals-corp--amc-/rns/strategic-plan/201811190700046785H/

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"Nickel, manganese and cobalt (NMC) batteries are favoured by most of the world’s automakers and the industry is hard at work to reduce pricey cobalt loadings in favour of greater use of nickel.

Light passenger EVs using batteries with a 8:1:1 NMC ratio, which should become widely deployed over the next decade, require roughly 52 kilograms of nickel."

"The market for nickel is expected to register significant growth during the forecast period, 2018 to 2023. This significant growth is a result of the rising demand for nickel base metal in the battery industry to cater to the demands the of global electric vehicle market.

Increasing Demand from Burgeoning Battery Industry
Nickel is used as the cathode material for lithium-ion batteries and used in increasingly large quantities. The demand for nickel base metal in the battery industry is further backed by the rapid volume growth of the electric vehicle market. It is also driven by the increased intensity of the use of nickel to improve the energy density of batteries and extend driving range.

Key Developments in the Market,
Top Chinese nickel Producer, Jinchuan Group Co. joins BHP in ramping up operations to meet demand from electric vehicles."

"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

Finding enough nickel raw materials for battery-sulphate producers "is likely to be a considerable challenge post-2025" according to WoodMac and the firm has a price prediction to match the anticipated supply problem:

The nickel market starts to need additional nickel from unidentified resources in 2023, we envisage prices reaching an annual average peak of US$28,700/t by 2022."

"A second Japanese trader, who was consulted by the LME on the sulfate premium contract recently, said battery-grade nickel sulfate was trading at $2,000-$4,000/mt plus LME nickel prices."

"The premium [calculated basis nickel content in the sulfate] is roughly one-fifth of the nickel cathode prices. The premium would be a reflection of supply and demand specific to nickel sulfate," he said.

"Roskill forecast primary nickel demand in batteries to be above 500,000 mt/year, which is one-third of consumption by the stainless steel sector. But nickel demand growth for batteries will be greater than the rise in consumption by stainless steel mills, Roskill said."

https://www.spglobal.com/platts/en//latest-news/metals/09-lme-explores-nickel-sulfate-premium-contract-to-expand-battery-metal-futures

When you look at all the commentary, analysis, forecasts, broker views and predictions for this, in your face EV global domination until at least 2030, you arrive at one and only one conclusion.

Battery grade nickel,,,,,,,,, we are one of very few new nickel sulphide discoveries on the planet, in the right place, next door are the three largest nickel consumers this side of the sun.
It's all about when, not if.

"confirmed there had been interest in the Kun-Manie nickel project."

"address areas highlighted by potential strategic partners"

"study will "meet the expectations"

Very positive and bold statements.

Hopefully this is the start of something substantial.

Looks unlikely to be this month.

Oil up and AM on it's way,,,,,,,,,,,,,,,,,, lets see what negatives the spivs can spin on this.

If you believe many industry experts who say, up to 60 million EV's on the road by 2025 and current battery requirements of circa 40kg nickel per car, you need 40,000 mt of class 1 nickel for every million cars.

60 million EV's will require 2.4 million tonnes of class 1 nickel, in just 7 years, an average of 342,857 tonnes per year.
That's a hell of a lot of battery grade nickel in a short time frame, is it even possible ?

What do these numbers, including charging stations do to copper and cobalt requirements ? yes and we have some of that too.
Remember, all this will happen before the predicted decade time period for solid state batteries.
"Toyota officials admit they do not see widespread commercial use of solid-state EV batteries before 2030."
"Panasonic thinks it will be 2030 before solid-state batteries go mainstream."

There is of course no certainty in above figures, but it does seem to be in the ball park of mainstream consensus.

One thing is certain imo, class 1 nickel price will rise exponentially and AMC will be mined (by someone) in this time frame.

Square my last three posts with this, despite what we know,,,,,,,

AMC share price £0.035, a multi $billion resource with a mcap of £21 million in the environment as described below.