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(Sorry if this post appears twice)
I picked "InvestorIntel.com" to email about Alien Metals. They cover stocks in different areas including metals.
If any Alien would like to spread the word about UFO but can't think what to write, you could copy what I sent, more or less:
Dear Sir/Madam,
May I introduce Alien Metals Ltd, a mining project generator with fingers in all the right pies, including a copper joint venture with Capstone Mining in Mexico, Hamersley iron ore projects in Western Australia and rights to Elizabeth Hill, one of Australia's highest grade silver mines.
I'm a small shareholder in the company and that's why I'm spreading the word. The shares went potty last year (ticker UFO) and I expect them to do the same this year.
Thank you for your time.
Yours faithfully . . .
@smiller as I am sure you know, valuing minerals in the ground is a very imprecise art where most exercise huge degrees of caution until a resources is formally measured and the economics of extraction calculated.
Our iron ore has huge "potential" to be worth vast sums measured in billions but for the time being there are many that will value it at tiny percentages of that potential , and some at fractions of just 1% of its full potential simply because nothing is yet confirmed.
The huge profits are made from getting in early and accepting the risk, where from my perspective the risks are asymmetric in terms of the potential upside being far greater than the chance of this coming to nothing, but nothing is certain.
We are early speculators and the drilling results will we hope help verify what we have speculated is an economically viable opportunity and if so we should see massive gains :-)
Some investors will prefer to pay more for their shares as risk decreases or add to their holdings at these points :-)
Sure . No I was worried I missed something haha. Yeah touch wood I mean this dso should be worth billions I really dont know why this is only 1p I cant get my head around why it's so low. Even worst case calculations put it at 5p or something
Indeed smiller. I have been happy to hold here for a while now. Skimmed at about 2.7. Back in at 0.9. UFO is my largest holding.
I try not to get too excited/defensive, and remind myself it could all amount to nothing. It won't. But it could. Lol.
Anyway, happy to clarify why I'd gotten such low volumes; I was ONLY focused on Hancook/Sirius earlier today.
all good picku , I honestly think we could get ~250mt so about ~100mt for ourselves .at $100 profit per tonne. Do the math..
Sorry folks - I was writing mainly off memory.
I remembered there are three sites for iron at Hamersley:
1/ Brockman BHP20 estimated 7-33Mtons
2/ Brockman BHP15 estimated 60-200Mtons
3/ Hancook Sirius extension estimated 5-15Mtons
The initial drilling results, for which the remaining 2/3rds are expected in the next fortnight, are from Hancook Sirius Extension only. So that's 5-15Mtons. Being negative I calculated at 5Mtons. Obviously if you take the other two sites into consideration there is MASSIVELY more (to be confirmed).
Unfortunately, I had forgotten that UFO only has 51% stake in Hancook.
@piku yes please tell us where did you get 15mt was it a typo? We are looking at upside of 248MT which may have to be scaled up further according to Turner pope
@picku , why is Hamersley only expecting 10-15mt you mentioned? Where you getting that from in your calcualtion?
@bishop still time 1 year from now we may be surprised
The Big 60 next year.
Looking forward to the day we are on the Lassonde Curve here too. I like your ramblings Pickuz. Hope everyone's retirement hopes happen.
5x5 yes HL said the same to me which I replied 12 months ago you made me £1800 I have returned over 100Xs that so who do you think I'm doing wrong don't you all say your investment can up or down depending on the market, he just smiled and I said I think I'll carry on with my own invest meant.
944T
@pepemartinez. Of course predictions are often little more than an invitation for fate to intervene while others point and laugh at your naivety/lack-of-research/optimism/pessimism/skullduggery (delete where applicable).
However, consider the anticipated news on UFO on that 12-24 month time period.
Elizabeth Hill: "seven highest priority targets delineated for PGE and Ag/Ni/Cu mineralisation" (RNS April '21)
Elizabeth Hill Tailings. May be around £1.5M-£2M cash value to UFO, significantly reducing the need for placing, OR providing a big funding step towards production at . . . .
Hamersley. Anticipated Iron Ore of between 5-15M tons. Earliest assays encouraging. Bill BG suggesting the holes they're more hopeful on, results are due in the next fortnight. Let's play the Picku's Patented Negative Calculator: 5M tons. At £120 per ton. 20% to UFO on a JV = £120,000,000. Small mine, so let's say 10 years production ? £12M income p.a. Right at the bottom end of expectations.
Brockman - drilling to commence at some point in the next year.
More silver at San Celso awaiting permits (fully funded).
Copper and Gold at Donovan.
You've got to be looking at this company as currently worth 1.8p, soon to be 2.5p. End of year 3p, and then next year heading towards 5-7p region. Others may feel a lot more bullish. And trader fever may create higher spikes. Or lower drops.
I know there are better analysts out there, so fully expect there will be differing views, but I'd say your 4-5p in the next 12-24 months is probably towards the lower/middle part of the probability curve. Probably. Maybe. In my opinion. Caveat Emptor.
My views are my own. Do not invest based on my ramblings (etc etc).
i did a evaluation of my stock portfolio and worked out i am very diverse in 15 different miners
what i mean by retirement, is doing more of what the kids ask and the wife as well as spending more time spending money on them, with a little time to do more work around the house
i don't think i will every retire had my own business for 15years never really rest
@bishop lol 60 for you then
Had a Fin. Adv. - told me I had too much exposure to miners - LoL - the huge profit from GGP. Going it alone now.
i did the same in july but i started to look at a sipp in march, whish i had put more time into understanding it as not all sipps give you control weirdly. but yes well up compared to the 7-8% of a normal pension 100's of percent up
looks like we are trying to achieve the same thing lol which is great. Took control of my SIPP during lock down and now 400% up on where it was. Happy days
944T
Impossible to retire for me when you have the Stock Market at your fingertips...
I tried it and didn't like it...genuinely need to work in what ever format or guise that may take..
Each to their own though...
Genuine Good luck
Damn you youngsters! (2020UPSIDE): I should have retired 8.5 years ago!!!
Dipp thats great news boom time :)
Deffo nap, we're very lucky to be in GGP and UFO has all the hallmarks of having similar success mate and very exciting remainder of the year coming up on both ;-)
Looking forward to the rest of the iron ore results and am sure Paddy mentioned that he had had good intel that the labs have put measures in place in the future so perhaps after they deal with these current backlogs we won't have such delays in future.
thats my plan :)
yes i think so to, if all the videos and people we follow are correct i should be able to retire at 50