RE: Abramovich30 Aug 2019 12:48
two weeks ago it was constantly NT trade on and off crazy but thats precisely the giveaway. Potential Suitors obviously Norilsk or Chinese def not western firm. This could go ballistic if there is a real deal in the works.
Wide spread is another indicator trying to shake the confidence of buyers they want to accumulate buy popping the offer to lure sellers BUT trying to deter buyers by keeping the bid lower.
This is the time to pinch your nose and buy. OH and im not trying to sucker in if I was was read my positivity two weeks ago ignore the derampers!!!! Theyll be some of them start to appear.
FACT this has one of the largest undeveloped Nickel Sulphide deposits in the WORLD! ( Nickel Sulphide- THE BEST FOR HIGH QUALITY NICKEL)
Amur Minerals Corporation
Amur Minerals Corporation (AMC) is nickel copper sulphide mineral exploration company focused on the far east of Russia. The company's principal asset is the Kun-Manie sulphide nickel, copper project located in Amur Oblast. Drill defined resources have been identified within five deposits wholly contained within a 36 square kilometre production licence. Engineering work confirms that the mineralisation contains economically recoverable grades that can be mined by both open pit and underground operations, the ore can be processed by classic flotation with the concentrate being suitable for follow on processing and refining. As a late stage exploration project with detailed engineering work being undertake, Kun-Manie represents one of the largest potential sulphide nickel operations in the world which could place it among the top ten nickel producing companies on an annual basis.
The resource ranks AMC among the largest undeveloped nickel sulphide companies in the world having 155.1 million ore tonne resource contained within four deposits. Containing recoverable nickel, copper, cobalt, platinum and palladium, the average nickel equivalent grade is 1.02%. The total nickel equivalent tonnage is 1.58 million tonnes.
The limits of the mineralisation are not yet defined and substantial potential remains to be tested in multiple areas within the production licence boundary.
The Company has the right to recover 100% of the contained metal based on 20 year production licence expiring 1 July 2035. Rights to extend the licence are also included.
Engineering and metallurgical test work has established a first stage production plan referred to as the Blueprint to Production which includes all mine site activities, transport of concentrate and supplies to and from the site as well as concentrate treatment options including toll smelting or the generation of a Low Grade Matte (LGM) at an owner operated facility. Production of 6.0 million ore tonnes per year generating approximately 40,000 tonnes of nickel is targeted.
Located in Amur Oblast, it is has the advantage of being positioned near the three largest nickel consuming nations in the world comprised of China, Korea and Japan. Typically,
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