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Just wanting to manage expectations a little here. Bill states that only a quarter of the western ridges have been tested. I read that as Ridges C and E, not the Sirius extension.
From RNS
Ridges E and C are only partially tested to date, and the Company feel they have considerable potential to define further DSO grade material
With only a quarter of the Western Ridges targets tested to date, we believe there is considerable scope to grow the DSO resource over the next 6 months.
End of extract
I am therefore hopeful of a 20mt revised MRE. Happy to stand corrected.
Arkonite perhaps sooner as bill said he would like to grow our resource in the next 6months. Knowing Bill he doesnt like to give timeframes but i get a sense that he feels comfortable turning this project around in good time.
Silver bouncing back off $22 again.
Fenix for comparison:
- Mineral reserves 9.8MT.
- Ore Reserves totalled 7.1 Mt at 64.09 Fe% as at 30 June 2021.
If we get our skates on (or get help) could turn this around in 12-18 months.
GLA Aliens...
https://fenixresources.com.au/wp-content/uploads/2021/09/FEX-Annual-Report-30-June-2021SIGNED.pdf
"At this stage, there’s a good possibility that Alien will be able to ape its larger peers Fenix Resources (ASX:FEX) and Strike Resources (ASX:SRK) and put together a direct shipping ore operation in fairly short order. If that is achievable, then a significant re-rating might be on the cards, given that Fenix has risen by over 500% during the past 12 months on the strength of a relatively small operation."
https://www.proactiveinvestors.co.uk/companies/news/948491/alien-metals-set-to-drill-into-australian-silver-and-iron-ore-projects-imminently-948491.html
Proactive investors have even gone and said UFO may even have the potential to “ape” its peers Fenix redources ;)
They are going to need a lot of silver to meet Biden's plan of solar rising from 3% of generation in 2020 to 40% by 2035 before ultimately hitting 45% by 2050.
https://www.cnbc.com/2021/09/08/white-house-solar-should-be-nearly-half-of-electricity-supply-by-2050.html
China is in strong competition. It set up the world's largest solar plant last year
https://www.youtube.com/watch?v=Ez_poNL-spE&list=WL&index=4
And has been using solar to replace the traditional external wall facing material for buildings.
https://www.youtube.com/watch?v=_dNHcpelFoo
Got to wonder where the silver will come from!
What was Beowulf’s MC when it was at .75p
Taking the iron aside...
https://www.alienmetals.uk/2019/12/alien-confirms-confidence-in-silver-resource-at-elizabeth-hill-silver-project/
- Really looking forward to the drilling adding to our indicated/inferred ~3M Oz Ag at EH.
https://www.proactiveinvestors.co.uk/companies/news/959861/alien-metals-boosted-as-drill-results-show-elizabeth-hill-is-larger-than-previous-estimates-959861.html
- How much larger? Only time will tell, but seems there is a good chance of Cu as well...
We are very lucky to have iron ore and silver and the other things!
Am starting to agree with HH now EH has serious massive potential - BIll said theres all sorts of things going on there! I feel a massive move up
The shares are only up when they are over 1p - chris2 - I got 6million
Chris welcome back mate
Shares up when you appear
Good luck charm
Thanks
;-)
Chris2, answer my questions. Or is that you that just bought x2 1M+ shares?
Dip666. Then why does everyone on here second guess what shares I own?
I am convinced Max111 does not own any shares and I have seen nothing to change my mind.
Back in 2010 i was invested in a similar stock called BEOWULF Mining with iron ore deposits in Sweden at Routavare. They inferred similar figures as projected by UFO. The shares went from 1.5p to over 75p in less than 6 months. I made a killing selling out FAR TOO EARLY at 33p.
However some months later there were local protests from villagers that took Beowulf to task on thr grounds that their land and protection of reindeer proved devastating for the sp and it crashed back down again over time. This shows how lucky we are in a country where there is no problem from conservationists ..they are the death knell of mining ops.
Arkonite....even if your figures are 30% over the top, that gives the resource a World Class status.
Quite phenomenal.....
When the market wakes up to the reality of what lies beneath we'll be looking at a share price many multiples of current sp. A multibagger potential.....
WHO DARES........WINS
Chris2 - whatever number Max were to say he owns - you would dispute - so a pointless exercise.
https://fenixresources.com.au/wp-content/uploads/2021/09/FEX-Annual-Report-30-June-2021SIGNED.pdf
So using Fenix as a benchmark if we were to go it alone - they calculate operating margins at $15/tonne.
Are we thinking as things stand for Sirius & Ridges, conservatively we could go the Fenix route:
- $157,500,000 USD inferred from the tenement so far?
- BBG states c. 20-25% explored so far
- Therefore inferred could be >$630,000,000 from the iron in the tenement alone based off his projected scope?
Please someone get my head out the clouds and clarify...
GLA Aliens, DYOR
@Chris2, I can currently get the following sell quotes: 1M = 0.785p. 5M = 0.755p.
Now answer my questions.
At what price can you get to sell 5m shares in one go?
I doubt you will reply to that simple question either.
So I have to assume you don’t own any shares.
I have thought that all along.
@Chris2. FYI, I can' now get quotes to sell 5M shares in one go.
But as I told you before, I might possibly think about selling a few to you at 7p. Buy for now.
Max111 please tell us how many shares you own in UFO
I would be fascinated to know.
Lovely chunky purchases coming in now. Cheque books coming out. News has spread.