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I fully expect that Hanc0ck volume could be increased over time.. perhaps doubled / tripled as there is clearly space on the project to run more than one operation.. we would need to find a great deal more Ore.. but I would say that its something that would be addressed into 2024 and beyond.. obviously the price of Iron Ore is important to this.. but everything is possible.. it could just build and build..
Mornign AWP, my guess is that while it would be possible, there must be a finite amount of resources both human and mechanical that is available to extract /transport. Take for example the recent picture of the haulage wagon, I don't know how many of those there are but I bet the owners have them out hauling all day, so starting a new mine takes a commitment by the haulier on leasing more trucks, etc...etc . Personally, I've got a very good feeling now this is turning into a reality with offtake, machinery and plans being made. BBG must be using his time wisely down there with the team in pulling the project together. This time next year (Rodney) will be very very different, I for one will be topping up.
Just thinking out loud but is there any reason why we cant increase our output of 1.25Mtpa to lets say double that in correlation with our growing resource.I like to use Fenix as a reference point as we aim to replicate their business model. So they have around 10mt and an output of 1.25mtpa ,lets say we achieve 3X that would It be unrealistic to achieve an output of 2-3Mtpa
as that would be a massive increase in revenue. Dont shoot me down for thinking too far ahead as it is still very early days but I do think this is achievable.
Dipp
Can we hope not?
Rare_Groove may eventually post something useful and insightful - might be a lifetime or two though.........let's hope reincarnation is real for his sake ;-))
The day to day SP movements are a mystery. What matters most is that UFO in a year or so should be making cold hard cash..
Silver doing ok today as well.
Who knows why they sold tiggrrr,but lots of sales today again,look at the price they are sells.
Mmmmmmmmmm
Pondering hmm
Can some nice person explain how the sp goes up then down then up n down you get my drift
But there all showing red ?????
Jog on Rare_Groove
we have a troll already mate.. and frankly Chris2 is a much better at it than you...
SP will eventually break 1p again, will take a decade or so however.
Brockman 230mt (maybe) even at TP's £7 that a huge addition to the mkt cap.
Next year fingers crossed we will be a lot more steady as a company. Most aim stocks are just pump and dumps. Revenue and profit brings in longer term holders, especially if a dividend ever gets offered.
Cashflow is king in the industry.
Every step closer to revenue is positive.
Perhaps they needed to buy a tank of petrol & pay an energy bill?
Why would anyone sell 2.5m shares on this news feed at this price?!?!?!!?!?
Damo. I'm dyslexic and live in a tent, does that make me a ramper?
Norm have to agree but think the Brockman will be a JV it really is in th E middle of no where and the big boys surround it. Just have to box clever because the JV would need a mining date or they could leave it for ages but I’m sure the guys know that or just sell it on take a massive cheque pay out a nice dividend to the holders lol.
Nice ti finish the week with a positive RNS wonder if Bills doing any interviews any idea Max.
944T
Happy with that RNS... all moving along to schedule..
As i said yesterday.. i EXPECT that this project will scale up over time.. for me the prize is that Hanc0ck will become 2x 3x the size it is over time.. along with the production volume..
THe potential on Iron Ore alone is staggering when Brockman joins in
Morning g guys nice RNS update this morning hence the new company presentation. I was thinking out side the box a little yesterday and came to the conclusion things must be well progressed with the 3rd party regarding the DSO shipping and mining because if we are looking at bucket in the ground for 1/4 one of 2023 they would have to start work on the haul road prior to this.
I see the following Han**** phase 4 drilling takes place results 1/4 3 then announcement 1/4 4 regarding the partnering agreement and future buyer ( this will give a major positive ti the SP) along with all the licences being approved. commencement of haul road works late 1/4 then bucket in the ground beginning of 1/4 2 or end of 1/4 1 . Just my thoughts not a ramp just how I see things progressing in the next 12 months.
944T
Should be a very happy Christmas for all Aliens!!
"The team is very excited about the way the Hanc0ck project is shaping up", says Bill. This shareholder is getting pretty excited too. We're going to need one of those giant train-trucks sooner than I thought.
Nice rns, so we could be done drilling by end of June, then as Bill says 8 to 12 weeks on labs, looks like we should be getting results back around end September/October. Could be a very enjoyable Autumn.
Yeah, I remember Bill saying in his first presentation that Fenix is the size of a postage stamp compared to our Hamersley tenements!
Great news at this rate we will make fenix look like little fish
Alien Metals starts new round of drilling at Han****
https://www.proactiveinvestors.co.uk/companies/news/983419/alien-metals-starts-new-round-of-drilling-at-han****-983419.html
WHI Research Note:
"WHI View: DSO projects are low capex, low opex models; simply dig and ship with minimal strip. Alien is fast-tracking to a construction decision to take advantage of the elevated iron ore price. We continue to see fair value at 2.7p/sh, and will look to move this as Alien derisks this first, high-impact project."