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AsiaMet Resources Limited expects PEA to show “valuations at many multiples” of current share price

Tony Manini, chief executive of AsiaMet Resources Limited (LON:ARS) says he is “looking to fast track its BKM project into production”.

The copper junior is optimistic a preliminary economic assessment (PEA) on the project in Kalimantan, Indonesia, will demonstrate its viability even at the current low metal price.

“Most importantly what we are looking to get from the PEA is really some very strong first up economics on the project,” adding that he expects key financial parameters to be “very attractive”.