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