Amur Minerals Corporation

Amur Minerals Corporation (AMC) is a rapidly-growing mineral resource exploration and development company focused on base metal projects located in the far east of Russia. The Company has three properties in the region with its principal asset being the Kun-Manie sulphide nickel, copper project located in Amur Oblast. With a JORC compliant resource of over a quarter of a million tons of contained nickel, Kun-Manie is one of the five largest new nickel sulphide discoveries since Voiseys Bay.

Recent media comment, click HERE

I found this article, which is an excellent presentation (IMO) of this company and it\'s prospects.

Click HERE

if you can live with Russian country risk, AMC look OK IMO.

This is some great news.
http://www.investegate.co.uk/article.aspx?id=200712130700527944J&fe=1
Pity we are unloved, but eventually the strength of their resources will be recognized.
We can hope.
I hold.

Great new article re Amur, click HERE

Nickel explorer with 750 million lbs of Nickel Sulphide resource. Strapped for cash and needs partner or aquirer. Very risky but capped at only 800,000 any could news should revolutionaise the price.

Similar situation to my FML and imo Assets here have high value and very hopeful of successful resolution on funding.

4p price target in current state for Amur Minerals:-

Amur Minerals Corporation HOLD, target: 4p
Location: Mining / Russia
Date: 18 Dec 2008
Ticker: AMC LN
Target Price: HOLD / 4p

Licence Extension and Reserve Registration

Event
Amur Minerals has announced two key milestones on its Kun Manie nickel-copper
sulphide project located in the Russian Far East. The exploration licence has been
extended for an additional two years to 31 December, 2010. Also, the resources
located within the licence area have now been defined and approved by the State
Committee on Reserves (GKZ). These will be added to the State reserve balance
sheet and a Certificate of Discovery will be issued in due course. This Certificate
will allow Amur to apply for a mining permit on the reserves.
Implication
There has been an element of Russia Risk that has contributed to the dramatic
sell-off that Amur has seen in recent months. We agree with the CEOs assertion
that this proves that a western company can successfully work within the
Russian system. Taken together with the exploration successes in discovering
areas of higher grade material, the company has made good overall progress this
year on addressing the technical project risk.
During 2008, the ongoing slide in nickel prices, sector-wide equity sell-off and
tightening of credit markets (together with the geopolitical concerns and lack of
prospects for near-term cash flow), have conspired to drive Amurs share price
down to near insolvency levels. In line with most juniors, it is the financing risk that
remains top of the agenda at present. It is perhaps unsurprising that, despite the
technical successes, Amur have faced significant challenges in the current market
in raising the funds required to maintain the pace of exploration. However, the
recent announcement that management are considering de-listing from AIM took
us somewhat by surprise and suggests that the requirement for cash is more
immediate than we had originally estimated.
Valuation
Amur's management have assured us that they continue in their ongoing efforts to
raise funds and search for an appropriate Russian partner. However, the current
heavily depressed share price will make dilution from any future capital raising
both a key sensitivity in the model and very difficult to estimate. This is to say
nothing of the subjective nature of quantifying the insolvency risk. Our conceptual
cash flow model for Kun Manie is therefore close to meaningless under the present
circumstances.
Recommendation
We reduce our recommendation for Amur Minerals to HOLD, with a target price of
0.04. We will re-visit our valuation if/when funding is secured and we have a better
idea on dilution.
Company Statistics
Share Price (p) 0.48
Shares Outstanding (M) 121.7
Warrants and Options (M) 17.3
Fully Diluted Shares (M) 139.0
Market Capitalisation ( M) 0.58
Average Daily Turnover ( '000) 9
Net Debt/(Cash) ( M) - est (0.35)
Enterprise Value ( M) - est 0.9
52-week High (p) 20.7
52-week Low (p) 0.37

Website http://www.amurminerals.com

Company Summary
Amur Minerals is engaged in a systematic
programme to develop initial nickel resources on a
substantial highly prospective lease at Kun-Manie
in Russia. The company also has attractive nearby
exploration licences.

Analyst
Andy Davidson

http://www.fdcap.com/media/25735/amurmineralsflashnote_18december2008.pdf

TREACLE NPH HAVE 12.7 MILL CASH IE 45P.SO UNDERVALUED IT BEGGARS BELIEF

Looking at the Assets again which increased in the last set of results (Sept 2008):-

Total assets 17,439

CURRENT LIABILITIES
Trade and other payables 641
Total current liabilities 641

Net Assets of around 16.79 million or with 122 million shares in issue a Net Asset Value (NAV) off around 13-14p.

Amur Undervalued
Share Price At 16.75p
Market Capitalisation At 19 Million
Alternative Valuations Based On $7.50 Ni ($16,500 / T)
NPV Based PFS, $84 Million Equates To 36p Per Share
Reserves Of 210,000 Tonnes Of Nickel
Equates To 15.10 Per Share
Share Price Represents 1.1% Of Reserve Base
160,000 Tonnes Of Saleable Nickel
Equates To 11.50 Per Share
Share Price Represents 1.4% Of Saleable Nickel Value

Slide 24 from Presentation in April 2008:-
http://www.amurminerals.com/Downloads/2008_Presentation_April1108.pdf

Current market capitalisation of only 0.88 million and some of what they have is in the below article!

Thursday, December 18, 2008
Amur Minerals pave the way to a mining licence

Amur Minerals announced two key milestones today at their Kun Manie nickel-copper project in Amur Province, in Far Eastern Russia.

The first of these is the extension of the exploration licence at Kun Manie for a further two years, until December 2010. By granting this extension, Amurnedra, the local licensing agency, has agreed that Amur have carried out all their exploration thus far in keeping with the terms of the original licence. Moreover, they agree that there is significant additional upside potential to the discovery, and more time is required to conduct exploration over underexplored targets and grass-roots sectors of the licence area.

Secondly, the current drilled resources of of 341,000 tonnes of nickel and 95,000 tonnes of copper have now been defined and approved by the State Committee on Reserves (GKZ). These will be added to the State reserve balance sheet and a Certificate of Discovery will be issued in due course. This Certificate allows the Company to apply for a mining permit on the presently drilled reserves.

Robin Young, Amur's Chief Executive Officer, commented: This is fantastic news for Amur. It proves that a western company can successfully work within the Russian system and develop resource projects that will benefit the Company and contribute to the development of the Russian Far East.

"After five years of diligent exploration, these positive developments support the Company's continued fund raising efforts that will allow for the pursuit of production and continued exploration to further increase the resource and potential of the project."

http://www.proactiveinvestors.co.uk/companies/news/3807/amur-minerals-pave-the-way-to-a-mining-licence-3807.html

Nice rise today and imo over 1p tomorrow. Very hard to buy in size and possibly some good news round the corner.

Major breakout about to happen imo:-

50 day EMA rising having broken the year long down trend.

Bigger breakout looms imo:-

Minmetals May Use OZ Minerals as Base to Buy More (Update1)
By Candice Zachariahs

Feb. 22 (Bloomberg) -- China Minmetals Corp. may use a A$2.6 billion ($1.7 billion) takeover of OZ Minerals Ltd. as a base for further acquisitions, the Australian companys chief executive officer said.

http://www.bloomberg.com/apps/news?pid=20601081&sid=algpU6cZwxW8&refer=australia

Looks more and more promising each day with another little rise today. IMO a big spike upto the 3-4 pence levels on some news looks imminent. Finals are suppose to be out this month so news of some sort is on its way.

A buy at premium of 1p already came through today...someone does seem to be in the market for these as there is no way a retail investor would have been able to pick up 250,000 shares at 0.90p especially when someone paid for 1p for around 50,000 shares just before.

11:28 .90 250000 purchase
11:08 1.00 48556 purchase

http://www.hemscott.com/companies/share-trades.do?companyId=5659

Minmetals may use OZ as takeover vehicle
March 6, 2009 - 8:04PM .

Chinese state-owned resource group Minmetals Non-ferrous Metals Company Ltd (Minmetals) plans to use its proposed takeover target, OZ Minerals Ltd, as a platform to consolidate other overseas assets, news reports say.

Minmetals chairman Zhou Zhongshu was reported on Friday to have said he hoped the Chinese entity would obtain Australian regulatory approval for its $2.6 billion bid for OZ Minerals.

OZ Minerals is Australia's third largest diversified miner.

Mr Zhou said the deal was a "win-win" and that he planned to retain the debt-laden miner's current management.

He was reported to have submitted to China's national parliament that the Asian superpower should use some of its foreign exchange reserves to set up a fund to buy overseas mineral resources.

Mr Zhou said demand and prices for minerals were forecast to remain depressed for the next year or two, providing China with low-cost acquisition opportunities.

http://news.smh.com.au/breaking-news-business/minmetals-may-use-oz-as-takeover-vehicle-20090306-8r8g.html

Tim LeeMaster Jan 29, 2009 ... Separately, London-listed Amur Minerals Corp, which has copper and nickel assets in the far east of Russia, also could be a ...

http://www.google.co.uk/search?hl=en&q=Tim+Leemaster+%2B+Amur+Minerals&meta=

Have to subscribe to view the rest of the article. Tim was right about China Minmetals acquiring Oz Minerals in February and China Minmetals again making more noises last week as per articles posted about carrying out even more acquisitions.

China Minmetals president proposes overseas acquisition fund

www.chinaview.cn 2009-03-07 19:52:23

Special Report: Global Financial Crisis

BEIJING, March 7 (Xinhua) -- China should establish a metal mining development fund to help Chinese firms raise capital for investment abroad, according to China Minmetals Corporation president Zhou Zhongshu.

Zhou proposed that the fund can comprise both state and private capital to take advantage of opportunities presented by the current falling market prices and the steady value of the yuan.

Zhou said at a press briefing Friday that it is the right time for Chinese mining companies to consider overseas expansion.

http://news.xinhuanet.com/english/2009-03/07/content_10964560.htm

China looks to buy more mining companies
March 9, 2009.

THE president of China Minmetals, Zhou Zhongshu, says he is encouraging the establishment of a Chinese metals and mining development fund to be used to invest in international mining companies.

Minmetals has made a $2.6 billion bid for OZ Minerals that has yet to be approved by the Foreign Investment Review Board.

Xinhua news agency reported that at a media briefing on Friday Mr Zhou said it was the right time for Chinese companies to be expanding overseas in light of falling asset prices and the steady value of the yuan. His company would look to make more acquisitions, he said.

http://business.smh.com.au/business/china-looks-to-buy-more-mining-companies-20090308-8ser.html

This is todays star buy.

Is it just a quick blip up and back again? or is there more to come in your opinion mitzy.

Difficult to say Balerboy I bought in first thing this am it certainly looks cheap now they have been awarded the license.

Up 160% is that correct..?

What an amazing share..

http://moneyam.uk-wire.com/cgi-bin/articles/200904231624410747R.html

200% rise today.

Look at this one gooooooooo!!!!!!

Up another 50% today well done Balerboy.

big retrace at the mo. profit taking i presume

Just seen it no surprise really when it was 2p Friday am.

That turned out to be the most expensive cup of coffee I have ever had!! missed the chance again. Hope for a return tommorow perhaps....

BB, dont feel too bad had the same thing happen to me last week with SEY.
Think this share will go places eventually as has a withdrawal clause built in if Chinese pull out. didn't get in in time this morning and now looking for a good entry point. sub 4p should be a good start. if i can get my timings right

I was already in at .29p could kick myself.

double ouch!!!

Somemore good news :

Amur gets approvals for further exploration
MoneyAM
Amur Minerals Corporation has successfully completed two additional exploration filings related for its Kun-Manie nickel copper sulphide project in the Russian Far East.

The filings and their subsequent approvals are required by Russian Federation authorities to allow the Ccmpany to continue its exploration for nickel while simultaneously pursuing a production decision.
Filings include annual exploration reviews to ensure that Amur has met its exploration obligations according to the terms of the exploration licence.
The final report for the 2008 programme was submitted to Amurnedra, the local licensing agency, along with the appropriate Russian Federation expert opinions.
The report has been approved, confirming that Amur has successfully met its historical exploration commitments for the past five years which was the timeframe allotted for the original exploration licence.
Amur was granted a two year extension on the exploration licence in December 2008 and as part of the approval of the two year extension, a two year exploration programme was submitted by Amur and approved by the authorities.

RNS Number : 7238X
Amur Minerals Corporation
20 August 2009

?


Amur Minerals Corporation
("Amur" or "the Company")


Reserve Update Submitted to the GKZ
In Ground Reserve Value US$6.9bn


Amur Minerals Corporation (AIM: AMC), an exploration and development company
focused on East Russia, announces that the Company has submitted its reserve
estimate for its Maly Krumkon (MK) deposit to the State Committee on Reserves
(GKZ) for review and approval. Upon approval and final adjustments as
recommended by the GKZ, Amur may then move to the next stage in submitting a
mining application for the three deposits located within the Kun-Manie nickel
copper licence.


Key information relating to the newly submitted MK reserve estimate follows:


* The total contained metal value at MK is US$1.8 billion. This figure is based on
the current spot market prices of US$20,000 per tonne (US$9.07 per pound) for
nickel and $US6,200 per tonne (US$2.81 per pound) for copper.



* The MK reserve consists of 12.9 million tonnes of ore at an average nickel grade
of 0.63% and an average copper grade of 0.18%.The total contained tonnes of
nickel and copper at Maly Krumkon are 81,900 and 23,700 respectively. The
reserves are categorised as C1 and C2 in accordance with the Russian reserve
classification system.



* Approval of this reserve by the GKZ and approvals by the various local and
federal Ministries of Natural Resources will allow the Company to include it in
its application for a mining licence.



* The global total C1 plus C2 reserve for all three deposits is expected to stand
at 31.7 million tonnes of ore. The total contained nickel and copper will be
approximately 203.9 and 56.8 thousand tonnes, respectively. The average
predicted diluted reserve grade utilising Russian regulatory standards is 0.64%
Ni and 0.18% Cu.



* Based on the US$20,000 nickel price and the US$6,200 copper price per tonne, a
total metal value of US$6.9 billion is contained within the Russian reserve.



A direct comparison of the western prefeasibility study mineable reserves and
the Russian defined reserves is depicted in the following table.


+------------+------------+------------+------------+------------+------------+
| Reserve | Million | Percent | Nickel | Percent | Copper |
| Type | Tonnes | Nickel | Tonnes | Copper | Tonnes |
+------------+------------+------------+------------+------------+------------+
| SRK | 31.5 | 0.54 | 171,296 | 0.15 | 47,023 |
+------------+------------+------------+------------+------------+------------+
| Russian | 31.7 | 0.66 | 210,100 | 0.18 | 58,400 |
+------------+------------+------------+------------+------------+------------+


Russian reserves utilise C1 and C2 categories which approximate to JORC Proven
and Probable reserves.


Robin Young, Amur's Chief Executive Officer, commented:


"This submission completes our short term plan in moving the project forward
towards mining. The addition of Maly Krumkon to the previously certified
reserves provides Amur with the largest possible reserve base currently
available to us for inclusion in the application for mining. It will also
contain the majority of the metal we have drilled to date."


20 August, 2009
Enquiries:


+-------------------+--------------------+------------------+
| Company | Nomad and | Public Relations |
| Amur Minerals | Co-Broker | Bankside |
| Corp. | RBC Capital | |
| | Markets | |
+-------------------+--------------------+------------------+
| Robin Young, CEO | Martin Eales | Michael Padley |
+-------------------+--------------------+------------------+
| | | Libby Moss |
+-------------------+--------------------+------------------+
| +7 (495) 629 | +44 (0) 20 7029 | +44 (0) 20 7011 |
| 4418 | 7881 | 9411 |
+-------------------+--------------------+------------------+




Amur Minerals Corporation is a mineral resource development company focused on
base metal projects located in the far east of Russia where it has three
projects. It's JORC compliant resource estimate for its flagship Kun-Manie
project is 341,000 tonnes of contained nickel and 95,500 tonnes of copper and
this is expected to increase as further exploration is completed. This resource,
which has been identified and progressed in only five seasons of field work is
one of the largest nickel sulphide discoveries since Voisey's Bay.


An independently compiled pre-feasibility study of Kun-Manie conservatively
indicates a Post Tax NPV (10%) of $84 million with an IRR of 15.7%. The
economic values presented are based on a $7.50 nickel price. The study
contemplates producing 16,000 tonnes of recoverable nickel per year in
concentrate from three deposits drilled to date on the Kun-Manie license as well
as noting considerable upside potential.


For further information about Amur, please visit the Company's website at
www.amurminerals.com.

This information is provided by RNS
The company news service from the London Stock Exchange
END

I like this share whoopeeee, in at 3p got my money back and let the rest ride..:)))

I got in at on this today @5.75,still in,and have been looking at rgm,looks like its going north,buying tommorrow am having done some research,RNS due and it could be as good as this gem.

c
well done. stop loss in place at no cost to you i hope. i know you might think it might never happen, but better safe than sorry, never say ever etc, miight like to be happy with your paper profit to date and hold off from buying tomorow being a friday. why not wait? just to consolidate your gain? and then add at a later date?just a suggestion.
anyway whatever you decide , good luck.
regards
jkd
good luck
jkd

Cheers JKD,out with a good profit,back to AMER!!

up 22% today, anybody have any news???

Growth Equity and Company Research Report: analysis of background, operations, management, shares and a speculative buy reccomendationUK Analyst.com

Hey I found this audio interview with Amur Minerals and wanted to share it with you guys.

Its well worth a click:

http://www.brrmedia.co.uk/event/98071/robin-young-ceo

is anyone here still watching this stock? they've had quite a bit of success. interview with the CEO

WATCH: Amur Minerals - Company update

Robin Young, CEO discusses the companies recent activity with BRR Media.

Click here

Morigam if you are still around.

I've watched for about 6 months but decided against investing now because of course it is Russia and the Ruskies are hurting.

Who knows what they may end up doing with LSE based companies?

The very same reason I sold the last of my EXI. EXI are cheap in some ways but in other ways these types are just huge bear traps.

Dangerous times.

wrong thread.

Why are punters pilling in up to £20k some of them with no news at all. Or do they know something we don't..

Just playing the bounce, maybe?

Yes it could end in tears.

Is Amur Minerals set to double? - By Alistair Strang | Tue, 29th November 2016 - 10:11

Can Amur Minerals resume rapid rise? The Amur Minerals (AMC) share price recently gapped up above a trend we didn't believe existed.
As the chart below shows, the price is now reacting to movements against a downtrend from 45p and this, while vanishingly rare, is generally regarded as a good thing. It implies AMC can now be expected to outperform.

Of course, we've a "however".

The share was gapped up from 7.5p to start its new trend and, while recent movements suggest the market intends to cover the manipulation gap, the harsh reality is that weakness below 7.7p now signals a reversal to 7p, with a secondary of 5.9p.

We'd warn that the market is rarely kind-hearted, so anyone hoping for a bounce at 7.5p is liable to find themselves walking funny for a while.



Thankfully, such is the reality of this new trend that anything above 10p is very liable to reach an initial 14.75p with secondary, if bettered, at a longer-term 20p.

The funny thing is, our software is forced to suggest a long-term attraction exists at 42.75p, but we rather suspect positive news, positive market conditions, and a Santa rally will be required.

If the intention should prove to be a reversal to 6p before a real bounce, the market will hopefully take a couple of weeks to avoid the share being propelled once again below 'blue'.

Generally, a movement such as this would stink and effectively trap the share price. Unless, of course, "they" opt to do it with a spike downward at the open - which would be a good thing.

join the bottoms up on chart you get a down trend developing, down the road.
same as the one in construction. 3 yrs before any cash flow into a m c BB