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Maybe they dumped the tailings on another ore body!
Yes Prospector. Upside2020's analysis of sat images is showing they are drilling about 1/2 kilometre outside the ore body!
https://twitter.com/Upside20201/status/1439884872735133703/photo/1
Can't wait for the next lot of XRF results :)
Typo sorry ."FUTURE'
That is a particularly good financial assessment coming from SimplyWallSt as in most of the Companies that they research are not so good. They almost always report that finances will not last and that cash injections will be necessary within 6 -12 months...
However. Imo cash is always needed to help fund 'FURE' projects. Best to have the balance sheet ready for thr uneXpected ?
In many ways SimplyWallSt report is a breath of fresh air?
Bill is turning out to be an Ok Ceo.
I think the current strategy for EH is to squeeze in as much low cost drilling to get a good picture of the potential surrounding the silver ore body. We will probably be getting regular drill results throughout Q4.
Hi Paul. I can't argue with you 1.2p is appropriate but given the beating we have taken in the past 8 months it's going to be tough to push up quickly imo. I'm forcasting 2p by year end but many things need to go our way including macro economics.
I've always said I would see UFO through to around 200m Mcap. Then see what the future is beyond that.
Personally - I am really looking forward to the EH maiden drill results too after the last EH related RNS.
I am not sure how much they'll affect SP given silvers current price (was expecting it to be making a positive move in Q4 TBH) but again, if the results show real potential for a larger system that justify more exploration, then I think that will cap off a nice year in terms of some positive progress.
Bill has made a point of talking about fiscal responsibility very often and highlights this whne discussing future expense such as drilling, so I am not concerned that he is wasting cash needlessly. We may in future need more funding, but that is par for the course and as long as we are making progress on some of our key projects - I'll not be concerned by this :-)
SimplyWallSt
Nice find Max
Courtesy MAX111
When Might Alien Metals Run Out Of Money?
A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. As at December 2020, Alien Metals had cash of US$5.6m and no debt. Looking at the last year, the company burnt through US$1.1m. So it had a cash runway of about 5.2 years from December 2020. Even though this is but one measure of the company's cash burn, the thought of such a long cash runway warms our bellies in a comforting way. The image below shows how its cash balance has been changing over the last few years.
https://simplywall.st/stocks/gb/materials/aim-ufo/alien-metals-shares/news/we-think-alien-metals-lonufo-can-easily-afford-to-drive-busi
How often do stocks on AIM reflect their fair value - not very often in my experience.
Staying invested in explorers is going to take patience, resilience to volatility and belief in the outlook that money will return to the sector and the assets being held will have good price outlooks in the future.
We're either correct and well positioned or we'll be proved wrong and there will be more surety for investors as we move to indicated and measured resources and scoping /feasibility studies for instance.
Yesterday was a great milestone , current price movements of iron ore and the uncertainty around demand probably playing a part in market reaction - it is what it is - for now :-)
@norm will if your going by your figures and iron ore is currently at 120 a ton then we should be sitting at around 1.2p again as FV based on that alone. So 2p including other assets
Did TP come back later with a valuation last time?
Hi all. Yesterday was great news. Clearly bill Brodie has finally delivered something of tangible value this year after so much delay and disappointment.
My personal valuation is always 5% of gross in the ground. So Fe at $100 per tonne puts us at 5% of about $1billion ($50m) So our current SP value is about right in my book on currency conversion We clearly need to expand this project, and keep EH going full speed. The initial numbers on EH so far are eye watering
It would be nice to see more value in Q4
4p special dividend per share id be happy with and still have original holding.
You have to very clued into this share you can forget things thats why new investers need alot of convincing! I feel donovan 2 has alot of copper but small gold. -( lets see)
Smiller -I would be sure the best move is to sell brockman for a massive cheque - Max111 - How much ? I feel we are going to see serious upside on the sale
Silver what would you take $ or tonne now
Silver horse perhaps buts that's over a long time of mining probably only 1-2million tonnee possible a year . The interesting question is what cheque would people people here accept . $ per tonne
Also don't forget to add Brockman which has a high case tonnes of 233 Million Tonnes, which might be revised upwards since RNS 9/10/20 stated they found a larger amount of Brockman Iron Formation than originally thought.
Will other projects on the go - low Valuation/risk is 11p
Lets say 25milliontones x £100 = 2.5 billion - costs say 1 billion 25p a share
Who knows pal I think it's somewhat safe to assume another 10-20million is in those ridges just by the strike length in my opinion
Could we see up to 50million tones when all is tested?
Today was the perfect rise in SP…
Slowly slowly catchy monkey - we’re still ahead of the herd.
Digesting today’s RNS over and over this evening and the TP note.
Please show me a comparable MCAP AIM stock with our inferred assets.
Terribly undervalued here.
GLA Aliens, looking forward to the next few weeks!!
New baseline should be atleast 2p ... no idea why the market is going to have a delayed reaction to this RNS
So the new baseline is .8p? Is that what the chartists proclaim? I don’t believe it. All previous predictions about new baselines and upward momentum have been 100% wrong.