Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Great news and well done Bill. Bit baffled why this isn't flying tho... GLA LTHs!!
Most are concentrated on the silver which is great. But the other minerals/metals HAVE to be taken into the equation. Including upto 222g cobalt. If the tonnage is there (no reason why not) with more drilling results. You are looking at a very profitable operation with all the other elements as by products could easily pay for Most/all running costs. Just saying, and yes I do hold UFO shares though don't post. No need
The LTH deserve every penny, the last 15 months have been gruelling what the SP bleed out every day, I just want to be back in the blue for 2022, I've said before I'm happy to wait for as long as it takes, but I've averaged down from last year and I've been underwater for 15 months, nice to see some new investors on the board this morning, where's my pal Chris?
So don durret says the title if the rns doesnt give the grades justice and hh comes in with its negative slant yet again, if youre all not on to this character then god help you
Parkboy, if this goes where we think it will, you'll not need to go to work each morning. Bladder twitching RNS!
That RNS makes the last 12 months worth the pain of holding, 7.5 million shares @ 1.2p average, could I finally be blue next week? Well done to anybody who got in at these levels.
Or £7 per tonne ( per TP ), 10.4 mt, not even half the DSO priced in.
@HH yep I am defo a realism type of chap.. as i have said before I always look to value companies using real JORC assets at 5% value in the ground..
my value for UFO is currently 1.2p based on Iron ore and cash only...
I think the thing is with this result is that the holes are in areas 20 / 40 M away from the mine.. which we already know is very high grade.. 21EHDD004 is 60M or so to the East side of the Mine and although we dont have the full result in just 1M there is nearly 10000g/t..
like i say if this carries on we will have a monster on our hands...
@norm - if you try very hard to be very cautious you can just about get some more modestly acceptable numbers out of the calculations. ;-)
If you do just run the numbers at face value for fun to see what comes out, as you say things do get silly and you find yourself looking further and further up the FTSE100 list to find anything of comparable mkt cap.
Still we've a lot more work yet to conclusively prove how big EH actually is and how consistent those grades are, so lets just see what happens as things progress.
Very excited to be invested for Elizabeth Hill but in the meantime are we awaiting an update from Hanc0ck?
12 Jan RNS extract: .46 RC holes for 1,146m were completed prior to the end of 2021, targeting extensions to known deposits and infill drilling on existing Resource of 10.4Mt @ 60.4% Fe
· As part of the ongoing development studies, the Company also collected a bulk sample of about 1,000 Kg of high-grade material for initial metallurgical test work
· The previously designed diamond drill programme commenced on Monday, 10 January 2022
Hydrogen.. the scale of this could be eye watering .. its the concerntration grades vs the size of the area.. the drill map shows that we are approx 150M square... the existing mine is 150M deep.. as I said this morning.. if we were to get the average grade so far (4000g/t from the 3 holes) across that size of site at depth..
I refused to post the number this morning that it gives as its frankly ridiculous and I would look like a fool.. but the maths is correct.. its just the size and shape of the deposit now...
Hydrogen this is amazing news but pls check if this is correct
You may be missing the SG specific gravity of say 2.5-3
So 24m @ 27oz/t
13,800m3(cubic metres) x 27 x 3 = 1.1m oz just in the hole / small area [thats just one hole! DD001
Even a lower SG of 2.5 thats just shy of 900k oz
What about hole DD003?
o 9.7m @ 8,326 g/t Ag (267oz/t Ag) from 15m in drillhole 21EHDD003; and,
o 24.8m @ 829 g/t Ag (27oz/t Ag) from 2m including 11.7m @ 1,735 g/t Ag (56oz/t Ag) and 1.7m @ 19,865g/t Ag (639oz/t Ag) from 23m, in drillhole 21EHDD001
Oof, now that reads like I need to up my topslice target. To be fair I don't think any of us will ever see an RNS with grades like again. Oh wait a minute, all signs point to further upside for Lizzy Hills. Maybe we will :)
Maybe Upside, from your twitter - you think some action on Brockman? Looking forward to your posts when EH gets going, great work. Thanks - your getting as good as PG!
Global Mining Review (@Mining_Review) tweeted at 11:02 AM on Thu, Jan 27, 2022:
.@AlienMetals provides Elizabeth Hill drill programme update #GMR #exploration #silver https://t.co/fp5OMZs074
(https://twitter.com/Mining_Review/status/1486655934088757260?t=EXYYIM9o3qFONoLtQ9-sJQ&s=03)
@5x5Croire
personally think the tailings will be done but when silver is well north of its current value, its just another income when the price is right
If all of that is correct then this discovery should be worth multiple pence on the sp short term?
Alien Metals UFO Shares Soared 28.1% on Impressive Drill Results
https://www.asktraders.com/analysis/alien-metals-ufo-shares-soared-28-1-on-impressive-drill-results-is-it-a-buy/?utm_source=dlvr.it&utm_medium=twitter
"The company’s shares appear cheap at current prices after the announcement."
"The above results are extremely rare in the mining industry, indicating that Alien Metals has a WORLD-CLASS ASSET in the Elizabeth Hill project."
"Other report highlights indicated that the project also contains significant base metals evidenced by results such as 14.2m @ 0.14% Ni, 0.18% Cu, 0.36% Pb, 140 g/t Co and 0.12% Zn from 10.5m.
These are promising results, with the company saying that the significant nickel, copper, cobalt, lead, and zinc deposits could be regarded as significant associated products when the mine commences production.
Alien Metals is set to benefit from the rising global demand for silver and other base metals driven by the growing popularity of electric vehicles and the renewable energy trend fuelled by such metals."
@5x5 - pretty bloody inconsiderate of Bill to drop this RNS after I typed in all of those questions just the other day...... but with those grades......... I'll let him off this time lol
when we are up and running tho 5x5 and when silver gets above 30 dollar why not, but yes the time was wrong, good job it got put on hold
Glad we didn't go for the tailings, be creating our own. No multi year Lassonde curve for this one. Certainly have plenty to talk about at the investor meet. Are you updating your questions Dip?
If its so near surface perhaps we do not need a JV partner
Wow so you held while it was Arian Silver Hydro.... hell of a ride mate :-)
Don't blame you for keeping in the background here - this boards hard work sometimes as not had the benefit of 6 weekly results to keep spirits up.
Well - tonight is going to be double the fun with results night over the other side too after this RNS.......I'll apologise to my liver now!
Well HH -We just need a digger for that silver very cheap to get out do people relise this 18 more holes results coming week
82 now for 1m shares