iron ore, silver28 Apr 2022 09:44
Proactive Investors this morning:
"Alien Metals Ltd (AIM:UFO, OTC:ASLRF) is set for a “company defining year” according to stockbroker WH Ireland which expects to see the Han**** project, in Western Australia, de-risked over the course of 2022.
WH Ireland, in a note, sets a 2.7p per share ‘fair value’ for the junior mining group, suggesting potentially substantial upside to the current price of 0.78p.
“We see a clear route to near-term cash generation from Han****, in a project that Alien could manage itself,” WH Ireland analyst David Seers.
“In addition, a pipeline of positive news flow from Mexico and Munni Munni/Elizabeth Hill in Australia is expected, which should lead to a re-rating.”
Seers added: “Alien is looking to develop a premium high-grade Direct Shipping Ore (DSO)iron ore operation with low capex, low opex and a ready market.
“The first project, Han****, requires no infrastructure (barring a small haul road), and can be operated via contractors.
“There is also the very real potential to grow the existing resource to support long-term operations and a longer-term goal to add a second production site at Brockman.
“In our opinion, by pursuing a contractor miner model, Alien can effectively manage these operations while advancing its other projects.”
That last sentence got me interested enough to copy and paste this.
GLA.