Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Fenix for comparison:
- Mineral reserves 9.8MT.
- Ore Reserves totalled 7.1 Mt at 64.09 Fe% as at 30 June 2021.
If we get our skates on (or get help) could turn this around in 12-18 months.
GLA Aliens...
https://fenixresources.com.au/wp-content/uploads/2021/09/FEX-Annual-Report-30-June-2021SIGNED.pdf
"At this stage, there’s a good possibility that Alien will be able to ape its larger peers Fenix Resources (ASX:FEX) and Strike Resources (ASX:SRK) and put together a direct shipping ore operation in fairly short order. If that is achievable, then a significant re-rating might be on the cards, given that Fenix has risen by over 500% during the past 12 months on the strength of a relatively small operation."
https://www.proactiveinvestors.co.uk/companies/news/948491/alien-metals-set-to-drill-into-australian-silver-and-iron-ore-projects-imminently-948491.html
Taking the iron aside...
https://www.alienmetals.uk/2019/12/alien-confirms-confidence-in-silver-resource-at-elizabeth-hill-silver-project/
- Really looking forward to the drilling adding to our indicated/inferred ~3M Oz Ag at EH.
https://www.proactiveinvestors.co.uk/companies/news/959861/alien-metals-boosted-as-drill-results-show-elizabeth-hill-is-larger-than-previous-estimates-959861.html
- How much larger? Only time will tell, but seems there is a good chance of Cu as well...
https://fenixresources.com.au/wp-content/uploads/2021/09/FEX-Annual-Report-30-June-2021SIGNED.pdf
So using Fenix as a benchmark if we were to go it alone - they calculate operating margins at $15/tonne.
Are we thinking as things stand for Sirius & Ridges, conservatively we could go the Fenix route:
- $157,500,000 USD inferred from the tenement so far?
- BBG states c. 20-25% explored so far
- Therefore inferred could be >$630,000,000 from the iron in the tenement alone based off his projected scope?
Please someone get my head out the clouds and clarify...
GLA Aliens, DYOR
Best interview to date IMHO.
Really excited now moving forwards!
BBG paraphrase:
"Still got the funds to do this next phase of drilling and do the next work with mining plus"
",,, and keep the projects moving forwards and start on Brockman next year."
"Plenty more to come including Elizabeth Hills in the near future"
"Bearing the fruits of our cost-effective labour, and will use our investor funds wisely to prove up every step of the way!"
Today was the perfect rise in SP…
Slowly slowly catchy monkey - we’re still ahead of the herd.
Digesting today’s RNS over and over this evening and the TP note.
Please show me a comparable MCAP AIM stock with our inferred assets.
Terribly undervalued here.
GLA Aliens, looking forward to the next few weeks!!
Not sure the market cares about the time horizons in play.
Silver and iron have such massive upsides regardless of if UFO is a producer in 2022 or later.
Can’t see a placing honestly. Feel Sirius is likely to be sold or JV soon to RT via the BBG link.
Exciting times ahead IMHO…
GLA DYOR.
White House calls for solar to be nearly half of electricity supply by 2050
https://www.cnbc.com/2021/09/08/white-house-solar-should-be-nearly-half-of-electricity-supply-by-2050.html
Respect to Turbo for his openness.
And I only had a small amount at 0.2p to start, and did feel the urge to sell up 2-3p, but at these levels, no more.
Everyone's decisions are their own, and theirs to bare.
I in fact have been averaging down once we hit 1.3p in a somewhat "heavy" way. Max may have made a pseudonym for me in fact...
I have read things slightly differently. The only thing I am missing currently is investor sentiment change with UFO, which I feel is eventually going to shift; the catalyst - the WSS, meme stock crowd.
Currently there is mass commodity manipulation by the central banks and their affiliates.
Commodities like silver are yet to reach their dizzy heights, due to the mass of paper derivatives in circulation.
China has no means to obtain physical DSO, apart from AUS for the next 2 years at least, Brazil is too unstable.
This is going to break... UFO have a chance to JV during this commodities cycle in iron and silver, and have a remarkable SP under conservative broker notes that are now out of date.
JORC is the catalyst in many companies to jump the multiples and I see selling impossible for me at this stage, without further news to change my opinion.
I just have been a sucker for Bill, what can I say. He won me over like Peter Wall for Argo with his no nonsense, direct approach, and fundamental asset accretion to boot. I am yet to be misled. Am waiting for the bitter pill to swallow, although I know dilution is on the way at some point this year.
The rise yet to witness in silver is too hard to ignore. I have my crypto holdings, ISA (KR1 and ARB) still, but this is where I feel the long-term (physical) prospects now lie. I will likely sell them first instead of UFO in earnest.
I've been fortunate in crypto to date, enough to have shifted enough to amount a somewhat sizeable stack here. Not quite free to divulge numbers in entirety, but has allowed me to average down heavily from 1.3p to not quite TR-1 levels.
Call me foolish, I am happy with my stake, and any share that saw a rise from 0.8-3p in weeks warrants anyone's watchlist at the very least. The difference being, that I am yet to find any detrimental fundamentals here. Although I appreciate my risk tolerance is high. Just people's time horizons differ to mine. Think quarter and years, not days and weeks.
Don't get me wrong, the world is a very different place in 2021 to 2020 and I wish everyone health, happiness and wealth, in the words of others who have helped guide me on these BBs.
GLA Aliens.