Interesting comments21 Mar 2018 02:19
(copied from another FBB)
@'bernardshaw' on the CEO.CA website - a retired Aussie mining industry professional who is a shareholder in ARS and Tigers Realm(5 years+) and knows Beutong's history, geology and Tony Manini's long involvement in it very well.
@bernardshaw The ARS situation is not your usual scenario where a discovery is made, the drill progresses the discovery thru the JORC classes, then a period of development then mining. It is starting with a known small discovery and in reality fast tracking it for the sole purpose of progressing a known larger discovery. This was TM's vision a long way back, further back than many of us realize. A very innovative way of avoiding dilution at the mercy of institutions. So what I am saying is this; to stay in this particular game 2018 is, in my view, THE critical year for your ARS LTH's and they should do their utmost to stay in the game as best they can. My guess is that TM will engineer exactly this not just for his benefit but for the benefit of those who can stay with him.
@bernardshaw Tom, the drill is unlikely to get below 750m. The following is entirely my opinion...that ARS management need to manage this wild beast and have struck a conservative stance whereby they don't have to prove too much more than is already proven...viz., put their toes a little further into the water (below 500m) while satisfying the terms of the Licence. This deposit does not belong to Asiamet, it belongs to Indonesia. We are there to create a mutually beneficial outcome. I think that the Aussies and Canadians there would love to drill down and down until they get to the heart of Beutong but know their place as guests in someone else's house.
@bernardshaw timely historical note for you that I think is close to the truth, to put the recent increase in Beutong ownership in context. Firstly, I personally believe that this event is more significant than most others in the history of Asiamet. In the time before Tigers Realm did their RTO of Kalimantan Gold, Tony Manini was, so to speak, like a man alone in the desert. Nobody wanted to invest in copper** and he had to beg and borrow to get drill holes into Beutong. Drillers were also begging and borrowing and Tony had holes drilled by paying drillers in equity. But Tony had a vision that things would turn as they have done. Tony was offered a substantial amount for Beutong but refused. I for one wasn't happy but I am not up to Tony's speed. I thought for a while that we had lost Beutong and so today I stand in awe of his foresight and so should we all. To have engineered us through the desert to a point where nothing was lost is far more significant for Asiamet than is BKM plus BKK....I think!
(If he THINK right we certainly have here in ARS a giant of the futur because I THINK that KSK is bigger than Beutong)
** can be argued because at the same time Freeport was spending $12Mil a year on KSK
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