The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Nice Proactive article.
Expected consolidation yesterday but with 1st assays from Elizabeth Hill due soon this should be motoring away.
Silver $24.17 now. Silver price expected to DOUBLE over $50 testing previous 10 year high.
So right time - right place for UFO to cash in.
PaulQ. We don't know. I listed the other day 4 possible funding methods of which it could be 1 or a mixture of. I would very much like a RNS detailing how they plan to raise the $30m as this would pretty certain confirm whether we JV or not. Unfortunately, I don't think Bill knows yet. All in good time.
yes undervalued but don't go halving my profits Max lol .
Proactive Sep...bit behind but some good reading
https://www.proactiveinvestors.co.uk/companies/news/961845/alien-metals-closes-out-first-half-2021-in-good-shape-financially-and-asset-wise-961845.html
Deep dive
Thanks guys. Appreciated. Some exciting bed time reading for me tonight.
Just realised, I saw TP note on the webinar day but did not get a chance to read it. My bad...
Working interest increase to 90% now is quite substantial, given the size of Brockman :-)
Turner Pope..
https://www.alienmetals.uk/investors/research-reports-2/
I agree smiller. Just being extra cautious.
Another way to value is 10% of the in-situ value at current metals prices. So still massively undervalued even if you are just calculating our current resource of 10.4Mt.
max we have had this debate before , In my head the value of $120 DSO is for the ~60% material . Which is almost as pure as it can physically get naturally. So in your calculation there is no need to x 0.5 . Why you doing this? What does everyone else thing?
I feel what we need from bill and team for the big push is a positive rns detailing to the market how they are going to finance the 30m capex for the project. Obviously we know but I think if they put it on paper it would turbo charge UFO
Here is an interesting calculation:
245,000,000t x 0.5 Fe = 122,500,000t
x$40/tonne profit = GBP£3,562,055,000
per share = over £1!
Plus the other projects.
Step by step as we work up the projects and become a Mid-Tier.
Hi MP, this is the latest TP Research Note:
https://www.alienmetals.uk/wp-content/uploads/AlienMetals_19_10_2021_FINAL_BG.pdf
"In this respect, it is worth recalling that on 25 February 2021 TPI published an updated assessment of Alien. This individually assessed each of the Group’s continuing projects, from which it derived a sum-of-parts upside valuation of £82.9 million.
Hamersley dominated these, contributing some £61.2 million of the total. Subsequently, of course, Alien announced negotiations were underway in order to take its holding in the Brockman and Han**** Ranges projects from 51% to 90% through a cash and shares transaction; now being finalised, this transaction clearly presents opportunity to boost this figure beyond that indicated in the original assessment."
Using TP calculation for Hamersley with a 90% interest and the correct upside tonnage now equals:
245,000,000 x 0.5 Fe = 122,500,000
x£8/t = £980,000,000
x0.2 (to discount 80%) = £196,000,000
x0.902 (UFO share) = £176,792,000
= 5p/share
Using an aggressive 60% discount factor (instead of 80% as they said they would do) = 10p/share
Mining ourselves would mean many multiples higher than 10p since discount factor was included in £8/t.
Then have to add all the other projects!
By any means you look at it, we are massively undervalued!
Aren’t the TP reports linked on our website?
Anyone know of any Research note / Analyst coverage for UFO ?
e.g. by Turner Pope or others with price targets?
OR
do we just work with Zak Mir targets....LoL
Good find Max - are you friends with Mining plus on FB?
https://www.facebook.com/MiningPlus/posts/6279404442132394?__tn__=-R
"Congratulations to our client Alien Metals Ltd on the fantastic outcome of the Hanck project Scoping Study.
We look forward to working with you as the project progresses!"
Read more here: https://www.proactiveinvestors.co.uk/companies/news/963590/alien-metals-says-scoping-study-indicates--exceptionally--strong-returns-from-development-of-han****-iron-ore-963590.html
I hope people are ready for production in less then 18 months! Incredible upside!
Reminders and another read for new investors
Elizabeth Hill
https://www.investegate.co.uk/alien-metals-limited--ufo-/rns/elizabeth-hill-drilling-update/202110060700081252O/
The holes drilled with diamond core have provided excellent geological information from logging and hand held XRF (pXRF) testing. Visible silver was intersected in at least 2 holes; numerous sulphides were also identified in both veining and disseminated form throughout the rock units. The technical team has noted that there is an apparent polymetalic mineralised halo mainly in the eastern side of the Munni Munni fault in the ultramafic suite of rocks, while there appears to be strong silver mineralisation in the granite units to the west.
Hanc0ck
https://www.investegate.co.uk/alien-metals-limited--ufo-/rns/scoping-study-for-the-han****-iron-ore-project/202110190700074517P/
We could not be more pleased with progress on the Han**** Iron Ore Project to date. Having delivered a meaningful resource so quickly, and to follow up with a very compelling mine development scenario from the independent Scoping Study, we are now working aggressively in the development, mining and permitting arena to keep the momentum up and get this project into production within a very short timeframe.
"We are really fortunate to have Lloyd Edmunds join the team and retain Mining Plus for the development phase. With Lloyd's background in project delivery at Australia's number 3 iron ore miner, Fortescue Metals Group ("FMG"), he is a key appointment for Alien Metals."
Silver back over $24
Elizabeth Hill 1st batch assays due should coincide nicely with increasing silver price $$$
This is the 10yr:
https://twitter.com/SilverRocket6/status/1453350015775219715
10yr down trend broken & back tested on good volume!
https://twitter.com/SilverRocket6/status/1453349508428058626
5M buy @1.05p at 11:24am :)
Showing as a sell, but I was getting live quote to buy 1M @1.04p at 11:23am and SP went up after. So definitely a buy.
Thanks max
Keep up your most excellent posts
Much appreciated
Hi Lyndon, yes very significant news flow before xmas. But the market still hasn't understood the implications of unlocking over US$1bn in DSO! Fenix's tenement is the size of a postage stamp compared to Hanc0ck!
MAX
Are we expecting any off the above ???
Before Christmas maybe
Kinda lost track
Still holding here LT