Yes strip ratio is one issue but it looks like it's being addressed.
From 16 Feb, 2021 NR: Robin Young, CEO of Amur Minerals Corporation, commented: "Ongoing work continues on the compilation of the TEO and we have further identified that underground production may be a viable and better financial option as previously defined by RPM in previous study work. "
Looks like there's a possibility of good news on a couple of fronts.
" You cannot be an excellent explorer, which is what Nick is, and at the same time be an excellent mine builder. Nick was great at what he did, glad the reins on in the hands of mine builders now. "
I'm glad you said that. I've just taken a position in $NPM.ax New Peak Metals on the ASX (NM chairman) which is an explorer in Argentina (amongst other places). You certainly were consistent in your views on NM.
There's certainly a lot to look forward to now for all parties and any help from BHP & Newcrest, particularly on blockcaving, is welcome.
From Macquarie Bank 18 Jan, 2021: "There have been some large rises in chrome prices in recent weeks. Spot charge ferrochrome into the Chinese market has risen from around 70 c/lb to 95 c/lb since the end of the year following Chinese government enforced closure of power inefficient ferrochrome furnace in Inner Mongolia, which accounted for 65% of Chinese production in December. "
Why are people comparing THS to non-Rh plays? Why bother? This name looks like a perfect way to play the rising Rh price. FY2020 - Rh -was 9.6% of production but 51% of rev. And the Rh price last FY? <$7koz. Is there a better company to get exposure to Rh? I'm a complete novice in the Rh space but who wouldn't want to be in this playground with the Rh price rocketing? Thanks for the great commentary from a couple of posters. T
RE: lots of selling pressure appearing12 Jan 2021 13:50
Hi CBS, Yes, 2p attracted the sellers. Went back in today at 1.75p hoping some of those who took part in the CR might be prepared to offload if there was a decent bid showing. Looks like I've picked up a few. Thanks for the encouragement to stay calm and wait for the selling. I'll have to find more cash and back up the truck again tomorrow!
Hey RL, appreciate your work. Can you try a little harder please. I'm trying to buy at 1.6p and it's not looking good ATM. Surely you can dredge up some analysis that will spook some of those who took part in the CR at 1.75p. Who are the clowns who pushed the SP up over 2p before I've got set? This project is a PoS, but you know, buy cheap and sell to the suckers at 1p more. Fancy anyone thinking Glencore is going to do anything other than shred shareholder value and then pick up the pieces cheaply for itself. It stands out like the proverbial. Anyway, I'm sure you're doing your best for mankind and for that I'm grateful.
RE: Rising nickel prices to support project development08 Jan 2021 11:57
CBS, What are the -ves here? Low mkt cap means it must be difficult for the company to attract fund manager interest. No clarity yet on how much free cashflow is being generated from NRR IO mine. Is there a definitive statement anywhere from the Russian Govt. commiting to infrastructure spend? Scoping Study showed a Ni price of $8lb is reqd. That price has only just been achieved and probably needs to be sustained or move higher for 6 months. US Govt. sanctions limits who might be potential JV partners. I assume Japanese & Korean battery makers would be shy. What about Europeans? China and Russia can do what they like. I wonder if BHP would be interested? It's certainly the right size and type of Ni. I'm bullish but it's always good to look for the downside risks. I'm not prepared to chase the stock ATM having got started at 1.6p earlier in the week. I'd appreciate your views. Thanks, T
RE: The only question at the moment,07 Jan 2021 00:45
JB - like "how long is a piece of string?" First looked at AMUR Nov 2019. Only buying now. That is one definition of patience. I was waiting for the Ni price to be >$8lb. There is no doubt the mkt - I play TSX, ASX, LSE/AIM - is applying a heavy jurisdictional discount for Russia. This is unmerited in my view. I have owned Ni explorers BSX & CTM on the ASX and looked at NOT on the TSX and think that the £19m EV for AMC is ridiculous. So I'm buying. :-)