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0.8924 paid.
1p should come soon, now that we broken the stubborn 0.88
Corby, its more like $30mln a year free cash to Alien. 1.2+million tonnes per year, costs $60 per tonne, todays selling price is $120 per tonne. This is assuming that the $60 is Opex and doesn't include the low CapEx for the project. It also doesn't include the extra Iron Ore that they will find when they start exploring the other 90% of the ridges on Han****. A 50% increase in Iron Ore price equates to 100% increase in profits to Alient as OpEx stays the same. This could be huge, and then we have Elizabeth Hill with not only silver but also decent PGM's possible, and of course Brockman which has huge Iron Ore potential.
Corby, its more like $30mln a year free cash to Alient. 1.2+million tonnes per year, costs $60 per tonne, todays selling price is $120 per done. This is assuming that the $60 is Opex and doesn't include the low CapEx for the project. It also doesn't include the extra Iron Ore that they will find when they start exploring the other 90% of the ridges on Han****. A 50% increase in Iron Ore price equates to 100% increase in profits to Alient as OpEx stays the same. This could be huge, and then we have Elizabeth Hill with not only silver but also decent PGM's possible, and of course Brockman which has huge Iron Ore potential.
Oh and Corby forgot to factor in the capex of $30m so looks like we're going to just about break even on this $1b boys. Time to tell big Bill to wrap up and get out of there. Sorry guys just a little frustrating when people can't do the numbers.
I believe he thinks the 90% or $270m is attributal to admin costs so I would just ignore the last comment. If people haven't got a clue then they should really ask or research before spouting it on here as if it has substance.
I think Corby is trying to look on the downside to avoid disappointment and expecting the figure of 60% costs to increase by the time we start digging and over the life of the mine. I think that is a fair assumption but probably also fair to presume the price of Iron will also increase from today prices.
winners yeah not sure what he's getting on , hopefully he can reply. I think what he's trying to say is the 1billion is obv 10Mt x 100$ prior to costs. Then if we include costs we looking at 400Million over 8 years , so 50 mill pa . I am not sure what hes talking about this 90% further dilution since thats already included in the 60% step
Corby the last statement makes no sense sorry
corby ? explain your comment maths , dont follow 30mill for alien ?
Presumably the 1 billion needs costs deducting, to leave 400m. That realisable over say 10 years or 40m pa. Discounting more distant years, that might mean eg. 300m max 'in today's money', then make say 90% for the people who actually do the work, leaves £30m for Alien.
Picax wait a few weeks. The value will come. Trust me, it will come when you least expect it. I secured large position and I predict this share will be one of the best investments for 2022.
yeah soz the 245 is high side from both estimate but as you can see the high side for hann**** was 15 and we defo going to do more than this with 10 already and 15% odd explored. I am excited to get some drills in Brockman its also literally on BHP border so easy sell
Thanks Smiller. Looks like the estimated 245MT is a combination of both sites but nevertheless exciting times ahead. Many thanks for the link
I'm not quite understanding how a £30M Mcap company can be sitting on £1B revenue (large profit margin) at one of half a dozen sites that have potentially similar prospects. Do I just fundamentally not understand the mining sector? The capex and time spent maybe makes £1B resource look piddly to the big players? Just got to assume this if these numbers are making any sense. Or - they're not.
Rocket , its known estimate in afew of the older presentations and Turner pope documents. Try this link , p9 . We haven't started in Brockman yet which frustrating , its been mentioned we waiting on Australian aboriginal mining documents or something.
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/fa71d1c4-9a35-43c4-a9e8-8f4c7724f786/AlienMetals_Outlook_25.02.2021.pdf
Hi Smiller,
What makes you think Brockman could have 245MT?
I hadn't heard that before, be amazing if it is anything close to that!!
wittyname , yep if han**** can give 40Mt at $40 per tonne on conservative side = 1.6bill profit not bad , the thing I hope they would have to do is obviously increase the output to couple Million a year. Have various parts of the tenement operating simultaneously
30MT at $40/tonne profit sounds ok to me??
Personally I think those ridges will add an extra 30MT and thats me being super sceptical
And more conservative than Maggie
there could well be 90mt we just dont know I think a safe bet is 30Mt anyway considering the km left to explore and I know of no geological reason why the ridge system would just stop containing uniform DSO
As they have mentioned there are many kms of these ridges yet to be drilled/explored so I think another 90MT is quite achievable if the structure remains consistent , all will be revealed in time.
Forrest , I cant see a major going for hann**** as it stands , 10Mt is not enough , unless they form some sort of deal to include further proven resources as they become clear. I think Brockman is meant to be the big one with ~245MT potential now thats the one I can see a deal on.
I don't the big boys will come for Han**** unless we find another 90Mt of ore as they are likely to want to ship 10Mt per year. But who knows how much DSO is in those unexplored ridges?
Loving the spread on this, keeping the rainbow chasers away and attracting those who see the potential. Rather see this holding its own now with some nice small gains over the coming months. GL LTH's
NO