Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Keith Neumeyer mentioned it in interviews
Very interesting 'First Majestic' looking at Aussie silver projects.
Elizabeth Hill - biggest Aussie Silver mine to open up soon. I am sure Alien Metals would welcome any offers from them to come on board.
@MisterPositive
Well, I'm in deep, so I hope that does work out.
Long way to go though. We need to hope the price of iron ore stays profitable too.
I can see why folk are holding back, but the share price does seem rather low at the moment. Very cheap entry level.
First majestic has mentioned it is looking at Australia, you jist never know
If my intuition is right...then this is probably what management heading for OR should be:
(1) Hanc0ck -
fast track and prove up the resource within 12 months. Lets say 50Mt @ 60.4% fe
Sell it on to either RIO, BHP, FMG for $200-250m and get Cash in the bank.
(2) Brockman -
work programme getting underway. Much bigger potential resource here. Lets say e.g. 150 - 200 Mt plus. Again fast track it and prove up resource. Sell it on again to any 3 of the ones above for lets say +$500m over next 2-3 years. Get more Cash in the bank.
(3) Elizabeth Hill -
again fast track work programme and increase resource to build on existing JORC resource. Sell it on to any of the industry players e.g. First Majestic Silver. Get more Cash in bank.
(4) Munni Munni -
north & south licence. Again fast track drilling and increase current 2.2 Moz resource to sell it on during current Commodity Super cycle. OR keep 50% JV.
(5) Mexico & Greenland -
Rinse and repeat as above. If silver resource at Mexico proves up to be Huge size, then who knows, Fresnillo could be interested in Buy Out or JV or any other industry player for that matter.
Thats my vision for this company. If they execute strategy right, then UFO could be sitting on big pile of CASH over next 5 years.
Next 12 months could be quite amazing here with some jaw dropping gains to be had.
Might share this with Bill Brody.
Rocket yep bill changed the lizzy hills to move/December in one of his interviews fue to delays at the labs, i had a few discussions saying this would be December earliest. Ive predicted next week. ;)
Smiler it needs proving up as a risk ratio to the lender i would prosume, the rest of the ridges could be low grade and until tested the financier would be much more relaxed and posdibly give more favourable terms etc once more is proved.
When I initially heard 18 months to be 'shovel ready' I thought that sounded optimistic so Wasn't surprised to hear Bill say its more likely to be 24 months. I was going to post this morning to say the EH results were due to be announced mid / late November but obviously still no news. I was thinking if they can't get this right then I kinda lose a bit of faith in the timeliness they put on bigger projects.
allwinners we have larger but no reason why they cant start on the 10Mt production while drilling elsewhere on the plot. Id least thats how I see it going, either way the future is bright here , I am shocked we at these levels and there arent more folk from EUA/GGP others here. We all early to the party which never bad
so as nap says 16-18 months sounds reasonable
I assume we may take a little longer as we potentially have a much larger resource
I think I've heard him say 12-18 months , I believe this is based on what Fenix did . It could be less. I personally was hoping for quicker turnaround and perhaps this creation of IOAC will do it
he said 18 months previously, i think it was over confident posters on here saying 12. if they say 12-18 you should always take middle to longest part of their prediction on time so 16-18 if we are very lucky with no delays
mister positive ive just been discussing that and that is the conclusion we came to
Hanc0ck would most likely be bought by one of our Deep pocket neighbours. RIO, BHP, Fortescue well before 18 months OR Chinese buyer.
Thats why they looking to fast track and prove up the resource at Hanc0ck. Fund raise was aimed at Hanc0ck, Brockman and Elizabeth Hill work programmes.
why not DRB he's just being prudent would you rather him lie?
Not particularly thrilled that BIll slipped in the 18-24 month comment for shovel ready. Anyone else notice. Was hoping for 12 months
I couldn't be any happier with the direction and speed this company is going just take a second and look through the RNS's from November until now. I'm no mining expert but the BOD have been adding value at each step of the way not rushing and doing things properly, bringing in the experts such as Lloyd Edmunds Ex-FMG Civil engineer with experience Constructing mines and $1billion iron ore port projects and Jo Battershill an Experienced Mining Executive a geologist with a career which spans over 25 years in global mining, business development and finance.
Now with our new subsidiary IOCA under the guidance of Lloyd Edmunds a master of his trade, the process of upgrading /increasing our resource through to its monetisation will have a much more coordinated approach.
I'm sure a plan has already been discussed and I see it as a matter of when and not if we are getting a major deal just a little patience as always.
Plus I believe their geological modelling will prove to be correct that the PGM start from the SW at drill target 9 which is the Cadgerina Dyke (100% our tenement) and is the feeder zone of the whole Munni Munni intrusion and goes all they way to the Elizabeth Hill mine.
This is why the are starting at Elizabeth Hill and working their way back.
You can see the drill target order on the Air Mag RNS 12/4/21.
Targets 1 - 9 lead all the way back to the Cadgerina Dyke.
Each target they drill should add to the 2.2Moz of PGMs. Incredible news flow ahead.
Munni Munni PGE and Gold project.
Historic JORC with 2.2Moz (platinum, palladium, rhodium).
Rhodium 76,000 ounces
Current price $14,000 / troy oz
Value of Rhodium alone is over $1 billion
30% worth $ 319 million.
Super cheap this one...
0.74
Ticking higher.
offtake agreements
just reading it, commenced discussions on uptake agreements for iron ore
Jsut got a notification from Vox markets about an interview from Bill.
Can't listen to it as about to go into a meeting, but hopefully interesting