Member Info for Arkonite

Completely agree ShareTrader,

But this gives us all longer to accumulate, and probably means that when the time comes we just snap to the upside really violently.

Much like 2020 which happened over only a few weeks.

It was similar to how I felt with Argo in 2020 allowing me to buy in heavily at around 3p for ages before it ripped.

We’re probably just going to lag other explorers in other markets like Aus / Canada.

Let’s see - GLA Aliens.

Arkonite

Hoping this is the final flush. They are looking for shares on HL and can take a massive chunk.

Spread is 0.088 - 0.091 so looking ripe for a move.

GLA Aliens,

Arkonite

As per TP Note:

WCE shareholding, is valued at £6.7m, or >80% of Alien’s market capitalisation.

……Ludicrously low SP.

GLA Aliens.

Arkonite

The more I read these results, the more remarkable they are. EH really is looking like a Tier 1 asset that outside of the existing mine is going to be a game changer.

No doubts that WCE are going to advance our interests at quite a rapid pace from what I can see.

When we open today it’s going to be interesting!

GLA Aliens

Arkonite

Yep - I just topped up four times. Completely agree that we just cannot be staying down here for long.

GLA Aliens

This week’s going to be a monster for all commodities. Can just sense it. Pretty excited for the explorers. Am hoping we get some nice silver news to back up the prices that I am expecting to see.

Iron chart is pointing up too, so hope we get a shift on there.

GLA Aliens.

Arkonite

Looks like silver 1D MACD may take us close to $40.

EH and the rest of our PGM portfolio looking like a good risk / reward in my opinion.

On our weekly and monthly technicals it won’t take too much more news to push us up a bag or two I reckon.

GLA Aliens.

Arkonite

It’s clear to see the market’s sleeping on UFO. Can’t wait for the re-rate to happen.

GLA true holders.

Arkonite

Back to exploration, placing behind us, silver on the up and working on increasing our future value.

Nice update that we’re finally getting boots back on the ground.

GLA Arkonite

This is the week all, $36 dollar silver smashed.

Clear skies till $44/oz at least.

Time for the juniors to catch up.

The next few months are going to be transformational for the miners and explorers.

GLA Aliens, Arkonite

Please feel free to chip in, just want to get a dialogue going for EH as things stand, although appreciate our resource may increase:

Pre-JORC remaining ~2.8moz

Mining costs per oz ~$25

If silver:

- $40 then resource extractable is $42m

- $50 then resource extractable is $70m

- $60 then resource extractable is $98m

At $50/oz:

Using 30% as what we have JV, then alone this puts us as $23.1m in ground at EH that we can extract (may grow after drilling)

If we have 10% of WCE shares and they own $46.9m then we have $4.69m in ground of what they own.

So we’re looking at least 4 multiples from our current share price on the silver alone at EH.

So, who thinks we can 10-20 bag when adding in iron and PGM?

Summary

Pre-JORC Compliant Resource of 46.8kt @ 2,700g/t Ag for 4.05Moz Ag

1.2Moz @ 70.6ozt/t Ag (2195g/t Ag) mined in it’s single year of operation (1999-2000)

Bonanza Grade Silver hit during Alien’s initial drilling with 19.7m @ 113ozt/t Ag as well as bulk tonnage suggestive intercepts such as 52m @ 22.6ozt/t Ag

Historically Australia’s highest grade silver mine noted for its exceptional native silver nuggets including Australia’s largest ever silver nugget the 145kg Queen Karratha

Mining ceased in a single day due to a fall out of JV partners thus leaving a considerable untapped resource

Alien has erected headframes over both existing shafts

Alien has entered into a conditional joint venture agreement with ASX-listed West Coast Silver Ltd in respect of the Elizabeth Hill Silver Project and surrounding tenements totalling 180km² located in the West Pilbara, and certain rights to explore for, and mine, silver from the Pinderi Hill tenements. Alien will hold a 30% interest in the JV with West Coast Silver holding 70% and acting as manager of the JV.

Just done a dummy sell for 8 figure shares and MMs want them all. They are desperate at the moment. Pressure is building nicely.

GLA Arkonite

Isn’t UFO still the only silver play on AIM?

With Elizabeth Hills results incoming, and ~10% of West Coast Silver (ASX:WCE) I think we’re looking pretty to benefit from the rise once the results come in.

GLA Arkonite

Nice looking hammer on the daily for silver - tomorrow could be the day *fingers crossed*!

GLA Arkonite

When we break out of this range. I think the chartist in me says $50 silver not in a month, but probably on the 3-monthly. Only time will tell!

I agree that long term, the supply shock could see gold 1:1 with silver due to the underinvestment in the space.

GLA, Arkonite

It’s looking exciting here for news very soon all.

Next couple of months could be transformational for the share price (from this current position at least)!

GLA, Arkonite

It’s terribly sad now to see the price Argo is at now. It was such quality with the Quebec centres and team being grounded / competent (+ the crypto hype helped). Now indebted to the hilt…
I’ll never forget Argo - named a pet after it due to the gains made the year last spring.
Won’t forget Splatted, Albert, Trek and the rest from the run up.
GLA Arkonite

Congrats holders - getting closer now!
Fantastic RNS!

Sentiment is such, this feels very reminiscent of the 2018 bear market for crypto. We haven’t had a blow off top, just a distribution top.

I was fortunate in some respect that I had a goal to cash out, was very influenced by the “£X” narrative on this board to some degree.

I didn’t foresee the capitulation late last year however. Just know for sure that the earnings here are going to be astronomical in the next BTC move which is inevitable in my mind.

I feel this market cap is horrendously undervalued rn.

GLA holders. I feel for you and am still around, as this share is still golden in the long run.