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At Elizabeth Hill there’s already a track record of historic production, with grades running at almost 2,200 grams per tonne. Given that silver can be economic at as low as 300 grams per tonne in certain circumstances, there’s clearly a huge amount of room for manoeuvre and margin here.
What’s more, back-of-the-envelope calculations value the silver in the ground at the new acquisition at around US$100mln, and although such calculations don’t have the value of a full discounted model behind them, it’s not hard to see why the market has been getting behind the company and has now pushed the valuation up towards £20mln.
What’s more, there’s huge exploration upside on the new ground to be had as well, in the copper and zinc on at least two other areas of known mineralisation.
All of which would be enough to build a company around on its own. But Alien isn’t just about Elizabeth Hill. It’s also got a sizeable silver portfolio in Mexico, on which much progress has been made of late, as well as the Han**** and Brockman iron ore projects, which are also in Australia.
We have a mighty tailwind with the price of silver and iron ore, the Chinese are consuming metals at a huge rate as a source of value. The bottom line is UFO is hedged to metals on aim, investors who have any wisdom will see the value of UFO in this current climate.
There has never been a better time than now to be invested in UFO especially with a sp of under 2.5p. I know we are due a roll of major value enhancing news but our biggest friend is the world financial mess with negative interest rates looming.The world will dive into metals, producers and cryptos as stores of value. UFO will rocket and in my opinion bought out by the Chinese at some point. Governments around the World are destroying their economies and the livelihoods of millions, its like a global reset. Metals are the way forward, money as we know it is finished.
Imo opinion Bill has basically given the thumbs up with the Friday RNS update, i can't see what can stop this sp from progressing further. On speculation this sp can go dazzling high and i mean high as past 10p . I invested in a bio called summit back in the day, from 2p to 20p on basically there could be jam tomorrow sentiment. Well, we will be getting our jam this month. Dont be shocked to were this sp could go. Bill has basically given it a slap on the back.
I wonder what Bill sp target is? 5p 10p 20p+?
https://www.sharebuyers.co.uk/shares/alien-metals-oozes
We still haven't realised the full value of Elizabeth Hill in light of rising silver prices. Will be interesting to see what this sp pops to on all the different news due.
https://www.dailymail.co.uk/money/markets/article-8848227/SMALL-CAP-MOVERS
https://www.dailymail.co.uk/money/markets/article-8848227/SMALL-CAP-MOVERS
Thunderoad, i did something i usually dont do but i bought into a miner UFO and i have doubled my money already, i took a risk and it has paid off wether i recoup all my money from vrp remains to be seen. UFO could present a multi bag opportunity in the same manner as EUA, metals are booming due to the world financial crisis and the printing of useless money and spectre of negative interest rates so i have taken a calculated risk.