AGM - Allegiance Mining

[Sultan of Swing]

Also,if someone missed it...AGM in the ASX 300....SP will have a lift as look at NI prices at KITCO...up over 45c US to over $20 US per lb.....Nickel prices are going balistic......AGM started mining...but will be processing in 3rd half of the year...bought more yesterday at 53cents.......once its starts processing good money will be had here

The 3rd half??

Is that a subtle way of saying it's never going to happen? :

 

[chicken]

The 3rd half??

Is that a subtle way of saying it's never going to happen? :

MATE..do your research.....and then POST...as Schultz said I KNOW notting...about your style

 

[Sean K]

MATE..do your research.....and then POST...as Schultz said I KNOW notting...about your style

This reminds me of a classic quote during Officer training at Duntroon when a Drill Sergeant taking us for training screamed, "Right, I want half of yous over there, half of yous over there, and the other half here! MOVE!" LOL

 

[Pat]

This reminds me of a classic quote during Officer training at Duntroon when a Drill Sergeant taking us for training screamed, "Right, I want half of yous over there, half of yous over there, and the other half here! MOVE!" LOL

LOL!!! Sounds just like a drill sergeant... Had a bad run in with one while visiting a mate at Pukapunyal (spelling?)

 

[TheAbyss]

Can i have the big half of the profits please?

 

[chicken]

closed at 62c...looking better everyday....

 

[Out Too Soon]

I have both turkeys & chooks (& geese) & I know for a fact that chickens are at least 1/2 as much smarter than turkeys but thats not saying much (by half). :

 

[Sultan of Swing]

MATE..do your research.....and then POST...as Schultz said I KNOW notting...about your style

I think you missed the whole point of my post Chook.

And for what it's worth, i hold a reasonable amount of AGM and am pretty happy with the way things are progressing in Zeehan. The town's excited. It'll certainly breath some life into the West Coast.

 

[chicken]

I think you missed the whole point of my post Chook.

And for what it's worth, i hold a reasonable amount of AGM and am pretty happy with the way things are progressing in Zeehan. The town's excited. It'll certainly breath some life into the West Coast.

As this board does not like projection of figures see what is said on Hotcopper...does that make sense?

 

[jj0007]

Great news from AGM this morning.

They have delineated 17000t of nickel at the east avebury + saxon deposits so far.

 

[nioka]

Great news from AGM this morning.

They have delineated 17000t of nickel at the east avebury + saxon deposits so far.

This is in addition to the 8,500 tons in the initial Avebury mine. There appears to be plenty more to prove up yet. Production getting closer!!!!!

 

[Mousie]

Also,if someone missed it...AGM in the ASX 300....SP will have a lift as look at NI prices at KITCO...up over 45c US to over $20 US per lb.....Nickel prices are going balistic......AGM started mining...but will be processing in 3rd half of the year...bought more yesterday at 53cents.......once its starts processing good money will be had here

ROTFLMAO :jump:

Sorry guys (especially chicky), I can't resist...

Only read this thread now, and couldn't stop laughing.

Chicken, what these guys here were trying to tell you (very nicely indeed) is that how can you have 3 halves in a year (or in anything at all...)??? The right word should be quarter, ain't that what you're trying to say?

Another ROTFLMAO session, just can't help it!!!

 

[gringokonyo]

This is in addition to the 8,500 tons in the initial Avebury mine. There appears to be plenty more to prove up yet. Production getting closer!!!!!

I believe there is over 114,000 tons in Avebury and AGM will be producing about 8,500 tons of nickel per annum. I hold quite a bit of this stock so I'm also very interested in seeing production get underway. Hopefully nickel prices will still be around today's price.

 

[Halba]

The production rate is low in the first year - 5800t.

 

[chicken]

The production rate is low in the first year - 5800t.

You are one laugh a minute...you said LOW.....well, if you multiply that by $50,000 a ton.....the results are huge...$290million for the start....and you say that is low......LOLOLOLOLOLOLOLOLOLO

 

[Halba]

Market is not valuing these "soon to be" producers at $50,000 a TON.

MRE producing 31,000t nickel, that would be 2billion at $50k a ton and MRE is a current producer. Last I checked MRE mkt cap $3.2bn.

 

[chris1983]

Market is not valuing these "soon to be" producers at $50,000 a TON.

MRE producing 31,000t nickel, that would be 2billion at $50k a ton and MRE is a current producer. Last I checked MRE mkt cap $3.2bn.

hmm 5800 t in the first year? I'll have to read into this. How much are they planning to ramp production up to? I also don't know where MRE are based. Tasmania is cheap labour etc etc. Further research is required. Any of the experts in AGM want to run the comparisons? I'll do it later tonight

 

[kransky]

i dont think everyone producing nickel is getting $50k per tonne.. is BHP getting US $85 per pound of Uranium out of Olympic Dam?

But a brand new producer like AGM might have no sales contracts signed at average prices.. so might be aiming to take advantage of the current short term ? hugely elevated Nickel prices.

 

[jj0007]

Yes Chris. Dec 05 feasibility study shows first year will produce ~5800t of nickel. However their trial mill run returned 20% higher nickel than first thought. So whilst they have not upgraded their year 1 production, reading between the lines you can assume it will be higher.

 

[chris1983]

Yes Chris. Dec 05 feasibility study shows first year will produce ~5800t of nickel. However their trial mill run returned 20% higher nickel than first thought. So whilst they have not upgraded their year 1 production, reading between the lines you can assume it will be higher.

Yeah production will ramp up..you have to start with something and I think Allegiance are having a good start. I hold and have been holding since 36 cents. I bought these due to increasing nickel prices and the offtake agreement with Jin Chuan. Also the area they are in is so highly prospective for further discoveries and has low production costs. I personally think Allegiance has further to run.