Member Info for Richyf3

this company has had the stuffing kicked out of it for too long, these prices at 2p is ridiculous still, should be trading at 4-5p minium

Massively short the mms are by the way . This could trading in the 2p range very soon again

I suggest anyone that hasn’t watched tony interview to do so, there is a clear message and guidance from our new partner that are gearing up for a offer or buy out .

I was using $60-$ 80 million for their option and that was VERY VERY conservative. If you look at the whole KSK region it is truly remarkable and as updo says BKM was chosen because of its easy access and easy payback . This asset has been compared to another very similar project in Indonesia and the numbers are crazy. BKM has two more plus years of mine life aswell . It has mega potential for expansion and the economics of this is crazy . The new partner that has come on board knows this , that’s why they’ve appointed new advisors for the next stage . Once they’ve shown their hand with in 60 days ( been two weeks nearly already) then this will be the hottest copper company on the market .

https://uk.reuters.com/article/health-coronavirus-mmg-ltd/update-1-mmg-declares-force-majeure-on-supply-from-las-bambas-copper-mine-sources-idUKL3N2BX20U
This is another reason why we are going to see copper prices rising.

if you look at the hole KSK assets on offer you can see BKM is just the tip of the iceberg , this was chosen because of its easy access to generate money back quickly i believe i the region of $45-$60 million a year pay back and that was the minimum according to copper prices. We can potentially enhance the NPV by extending its mining life which will throw out even bigger figures.

The grades at BKZ are exceptional
We view the grades at BKZ as exceptionally promising. The overall tenor of the assay grades so far would put the project on par with some of the high-grade new zinc development projects globally. Highlights include:
This is particularly relevant, given that the average zinc industry head grade has been declining since 2000. Boliden estimate that the weighted average zinc head grade will be c.3% by 2025, down from over 5% in 2000. In addition to this, new capacity in the form of greenfield projects and brownfield expansions is populating the pipeline with lower grades and questionable resource quality.
Zinc of course is only part of the picture and BKZ is a true polymetallic orebody with lead, silver, gold and copper. The mineralisation comprises quartz-sulphide veins to massive sphalerite (zinc), galena (lead), chalcopyrite (copper) and pyrite. As Asiamet continues to probe BKZ, the deposit continues to deliver excellent results.

Blue sky potential within the KSK license
• Does a porphyry lie underneath the BKZ copper zone? The discovery of high-grade copper mineralisation (bornite-chalcopyrite) below BKZ may indicate Asiamet is just scratching the surface of a much larger discovery. Management believes both BKM and BKZ, which are only c.1km apart, may be controlled by the same major structure, hence there is scope for continuity of mineralisation between BKZ and BKM at depth. Perhaps more importantly, the presence of iron (magnetite) below the copper zone and the existence of a large magnetic anomaly between BKM and BKZ require further investigation. Magnetite is a feature typically associated with porphyry systems in Indonesia and is often proximal to the high-grade core.

If they table a decent offer then who knows , one thing is for sure these prices are extremely cheap

with the chinese party that had to walk away because the virus was hitting them hard , its seems they are certainly turning a corner and we are seeing copper and other metals rising. i wouldn't be surprised if saw them come back to the table as they did as much DD as our new partner did and with having a tier 1 Asset like BEUTONG its very attractive for those looking to invest to buy out companies.

yes i feel tony knows what coming as we discussed yesterday a offer of $60-$80 million wouldn't be out of the question thats 300% up from these levels and thats still cheap

Copper 3.9% up

Small volume of buying is moving this very quickly , so that’s a good indication of what’s to come . New partner indicating a offer is coming by the moves they have made. Selling at these levels is unwise, given the cash position we are in asset value and new partner on board there is a lot more value to be had here .

Copper on the move

Copper very strong today , boded well for us

April 2020 presentation
https://asiametresources.com/wp-content/uploads/2020/04/200403-Asiamet-Corporate-Presentation-April-2020.pdf

That’s for sure !! Wouldn’t surprise me if the Chinese come back to the table given the size of Beutong being a world class tier1 asset. Demand is growing and supply is slowing very quickly .

FYI - the 1.4 million showing as a sell was a isa transfer for someone

Anyone seen their current annual sales forAeturnum Energy
£6,119,179,982

Nope they are going full steam ahead .