The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Decent volume already.
It’s a big week.
Good luck all.
Some awesome posts peps. Regarding that monster silver nugget, at 28 dollar per ounce silver price that beast would have netted around 177780 dollars. Bring on the 25th.
An excellent read indeed if this comes good and hits a sp of 20p in the future that will be me done, mortgage free and plenty of freedom tickets left to enjoy my life instead of working like a dog... I really do wish everyone on this board the best of luck & hope you are fully loaded up on this one.
From the technical director:
"We believe that with careful budgeting, we can deliver high-impact exploration programs across our existing and proposed licences as soon as safe fieldwork becomes possible both in Mexico and Australia,” Bill Brodie Good, Alien Metals technical director said in a statement.
“This placing will also allow us to actively review strategic opportunities that present themselves during the current environment," he added.
LINK
https://www.proactiveinvestors.co.uk/companies/news/906864/alien-metals-ltd-has-a-diverse-portfolio-of-commodities-to-develop-906864.html
Inflexion points
Completion of the Elizabeth Hill deal
Plans and timelines for the re-opening of the mine
Further additions to the portfolio
£275,000 fundraising in May 2020 allows for continuation of work programmes
What the market says
Pilbara-based silver mine Elizabeth Hill is an exciting addition to an expanding portfolio of mining interests says research house First Equity.
The formerly-producing mine complements the group’s Mexican silver assets and follows the recent addition of Western Australia iron-ore projects at Han**** Range and Brockman.
Due diligence work is currently underway at Elizabeth Hill, which will involve analysis of drilling data collected by current owner Karratha Metals.
“Elizabeth Hill was previously in production between 1998 and 2000, with production of 1,170,000 ounces of silver, with a high head grade averaging 70 oz/t.
“It was mined during a period when silver prices were in a 10-year slump, trading in the region of US$4.5 to US$6.6 p/oz, compared to today’s much-improved price environment of US$16.7 p/oz.”
Exploration upside potential exists at depths below the known mineralisation and outside of the mine area to the east and west of Elizabeth Hill., says the research group.
The mine was noted for its high-grade nugget finds, including one of the largest silver nuggets ever found in Australia.
That giant weighed 180kg and was discovered in 2000.
Elizabeth Hill is also situated in an established mining district with full infrastructure and a port 25km away.
If completed, the acquisition will represent Alien Metal’s most advanced project says First Equity, which has a ‘buy’ recommendation on the shares.
UFO
https://www.proactiveinvestors.co.uk/companies/news/906864/alien-metals-ltd-has-a-diverse-portfolio-of-commodities-to-develop-906864.html
The company intends further deals to build portfolio
What does the company do?
Alien Metals Ltd (LON:UFO) is a mining project generator, which plans to create value for shareholders by identifying and acquiring assets in the base and precious metals space and then adding value and selling them on or joint venturing them out.
What does the company own?
The portfolio includes significant legacy assets from the company’s former life, in the days when it was known as Arian Silver. The assets in Mexico have significant potential, high grade, and are located in well-known mining districts adjacent to some major names in silver mining.
The company also has an interest in iron ore projects in Australia, which look highly prospective for DSO.
Mining industry professionals will know that DSO can be at a premium in the iron ore space, especially for juniors, since it means rock can be mined and shipped directly without any processing, thus saving on potentially huge investment in processing plant and equipment.
Grades taken in sampling as part of an ongoing due diligence process at Alien’s Brockman and Han**** Ranges projects have returned higher than 60% in several cases, and higher than 65% in one case.
It’s all the more significant because of the location of these projects in Australia, right in the heart of a prolific mining district, and not too far away from the famous mining export hub of Port Hedland.
In December, Alien Metals agreed to acquire the former producing silver mine, Elizabeth Hill.
One of the very few native silver mines in Australia, Elizabeth Hill is in the Pilbara region of Western Australia.
How's it doing?
In April 2020 the company released the results of an IP survey completed at Donovan 2 in Mexico, which identified two promient targets. The plan is to undertake a drill programme as soon as feasible. At the same time broker First Equity noted that the company is operating in areas that are still relatively clear of coronavirus.
In May, the company raised £275,000 of new capital so that it can expedite exploration work across projects in Mexico and Australia.
The money will also allow the company to examine strategic opportunities that are being presented to the company in the current market, it added.
The company plans to use the funds to conduct initial scout drilling at the Los Campos project area and sampling at the San Celso silver project.
It will also complete the Elizabeth Hill acquisition, commission data interpretation from the Donovan 2 copper-gold project and finalise planning for fieldwork for iron ore projects in Australia.
In July the company announced further sampling work at its Mexican silver properties.
From the technical director:
"We believe that with careful budgeting, we can deliver high-impact exploration progra
Thanks Moj, thought I needed to pull my weight a bit!
Regarding being the next GGP, I'm not sure. Without turning it into a GGP thread: they are overweight. Their assets compared to their % involvement and their market cap, there's much more potential out there but anyone looking for gold automatically thinks GGP and the sheep will push them up even more top heavy.
Good for the PI's though. But luck has played its part on their exposure. Typically silver won't get the 'blinkered'type that predominantly gold miners attract.
However, it could happen if the sentiment pushes silver and it becomes the flavour of the year.
Regardless though, If we carry on at this rate and have the drill results to back it up we will 10 bag from here IMO. It will be a case of analysing as we progress; and we will progress.
MrNation
Thats exactly where i am with this and i know a few others in here think the same
The assets, size and grade are not really appreciated in full yet buy they will be sooner or later
I have loaded up big time and looking forward to this playing out
GLA
And a 500m Market Cap for the curious is 20p per share a current level of share dilution
Bill wants JV and shareholder value forward
Keep buying and hold
What a few weeks we have in front of us
We won't need it to see the market cap here above 500M or more. The quality of the assets post drill and the quality of the JV's will see to it.