Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
BOD and major backers always expressed their willingness to exteact value from these projects but the heritage agreement uncertainty hung over our heads.
We can now finally push forward and obtain funding for this project. Tiny Capex of $20m of which AA will fund $15million
Also Troy whittaker is very experienced in reducing opex costs to about $25/T this will be a cash vow for us !
Boom time guys!!
We have finally reached and agreement with knac and are now hugely derisked! Il be picking up 3 million on open🙌
5 x5 u need a little more research done mate
Good results and a rising iron ore price ,this is definitely starting to look more positive for us considering any negotiations taking place as they will want this out of the ground for sure!
As the Iron price rises so will their incentive ,im confident we will see $140/T this year
Someone clearly loading up here
By the looks of the iron ore charts it seems we may get 140/t this year
Lol good one 😂
thank ****!
Near Surface results includes 5.2m @ 2.1% Ni, 166 oz Ag/t
Hi 4779 I read read your posts very attentively as you strike me as a very knowledgeable and technical guy so please continue to share your insight 👍
Btw are you on twitter?
Rapid Crushing for crushing services reinforces the assumptions made within the Scoping Study to deliver a C1 cost of approximately US$60 per tonne ("/t").
https://www.fiig.com.au/research-and-education/fiig-research-news-item/2016/11/23/fortescue---explaining-the-various-cost-and-price-metrics
Delivered cost
The delivered cost includes the C1 cost, plus shipping, royalties and overhead costs
nicubias if their intention was to drive this down to nothing with their death spiral loan then why did they then cancel it after a placing ?
its quite clear that rod left as he was also not happy that mention the final payment for han**** ,until now my understanding was that payment would be settled only after the cash started rolling in but it looks as if it will trigger when a descion is made .
yes the performance payment will dillute shareholders as it will be paid most likely in shares but the question is how much? we are yet to find out.
as i see things the board are relying on
native title ,mining permits which will higely derisk the project and hopefully reignite the share price along with other related news flow such as positive results for dso ,securing funding, offtake partners and also on positive news on pinderi hills.
also we are relying on the hope that the extended timelines can give us a little wiggle room for market conditions to improve and liquidity to return which will help raise capital needed .this will also mean a higher iron ore price and better project economics .
with all of the above in place our share price should be above 1p and the final payment wont look so bad as we will would have achieved a decent deal and would be on our way to owning a very lucrative business.
well im still holding as i have no choice but i live with the hope alien does the right thing for everyone involved and long term holders can finally get a return on their investment.
Well CJ they do have much lower opex in comparison therefore they have a greater ability withstand lower Iron prices …Howerver Goldman sachs probably have a huge short on iton so I will take their projections eith a pinch of salt
Mr moon are you upset you spent £20 on “Aliens metals” shirts lol
Ok but then again who said its not happening ??
Artemis resources gaining some traction already on the ASX 75% up in one month,hopefully some good results to come out of pinderi hills next.
highlights
· regroup has been selected as the preferred construction contractor for:
o construction of an intersection of the project area at the great northern highway; and
o construction of an access track from the great northern highway to the mine site.
· regroup has been selected as the preferred operations contractor for:
o mining services (that is inclusive of any drilling and blasting activities); and
o haulage services for the haulage of ore from the mine site to port hedland.
· the selection of regroup as the primary contractor for construction and operations for the han**** project significantly de-risks the project and removes inherent interface and delay risk across the mine construction and operational activities.
· regroup are a highly experienced civil construction, mining and haulier group, noted for its prioritisation of environmental consciousness and partnerships with traditional owners and communities.
· the pricing submitted by regroup's bid supports:
o the potential for capital savings when compared to those forecasted in the scoping study; and
o it is consistent with the assumptions made by the scoping study to deliver direct cost of production of approximately us$60 per tonne.
· the award of this contract remains subject to the completion of a positive dfs, approvals, funding and the board making a final investment decision.
Uncle/chris refer to my last post perhaps time and a bit of luck is what we need?
Also take a look at Greentechs presentation P6
Munni munni Mafic -ultramafic same as Andover
https://app.sharelinktechnologies.com/announcement/asx/8010d0e35696de64810952de38349748
4778 summed it up very well indeed.
heres the way i see things.
price of iron is low
also dso reserves are still small but increasing…
we need the sp to rise to facilitate funding for han****…..
also we need the sp higher to conclude the final payment for windfield…….
so what options to alien have?
we raise 2m and 500k from bennelong
go back to the drawing board and hit the ground at pinderi hills and see whats there..
there is a good indication of pegmatites up in the north so why not give that a try?
it seems to have worked for azure minerals which have similar geology to munni munni and that seemed to have worked for them….
atm the bod need to show and prove what we have and create something here that investors can get behind.
if there is pegmatites down there then the dynamics of alien change completely and hopefully so would the sp.
looking at the performance awards for troy they start at 1p which is interesting.
by then q2 2024 we should have the green light for han**** and operations can commence.
hopefully iron ore should be comfortably above $130
and our sp should be high enough to facilitate raising capital.
i just hope the bod get their finger out and produce some shareholder value , so im eagerly awaiting the next rns and see what happens.
atb.