Member Info for Max111

@5x5 do you understand?

@Happyhaddock, there is only one AISC figure.

ASIC = A$123.1/t (US$79.82/t) (includes Freight & Royalties)

Plenty of margin there.

Just to repeat for the people confused C1 cash costs are still US$60/t FOB.

C1 cash costs are still US$60/t FOB

@5x5. I think you are a little confused.

C1 cash cost of A$92.3/t = US$60/t.

AISC = US$85/t

AISC including Freight & Royalties = A$123.1/t

= Just US$79.82/t!!!

Looks to me like they have already found a funding partner.

The project costs of US$18M are just 6 weeks of DSO sales.

Just need a steel mill to forward payment for 6 weeks of production. Simple as that.

"WHI View: Alien has delivered a strong development study today. A 1.25Mt/yr iron ore mine

producing a DSO product for less than a US$20m capital cost is a tremendous achievement.

Our analysis shows the plan is economically robust, low risk and with the low capital cost

should be fundable. The end result we expect to be a mine producing US$25m FCF/year

(100% basis).

Using our NPV10 of US$93m, Hanc0ck has an unrisked 1.1p/sh of value for Alien, over five

times the current share price without any attributable value from Alien’s other projects. We

will look to update our fair value in Alien in due course following today’s release."

Thursday's #morningminer with David Scriven and PaulRenken discussing Alien Metals at @5:40mins:

https://twitter.com/VSACapital/status/1755520388858093739

WHI Research Note:

"Alien today reports receipt of the development study for the Hanc0ck iron ore project in WA. The study reveals excellent returns on this capital-lite, low-tech (dig, cush, ship) Direct Shipping Ore (DSO) project which is set for superior returns at our long-term iron ore price of US$120/t (for 62%Fe). Our forecast DCF delivers an NPV10 of US$93m over an 8-year mine life, producing 1.25Mt 60% iron ore per year of DSO on a mining inventory of only 8.4Mt and with an initial capex set at only A$28m (US$18.2m). We can’t stress enough the simplicity of the project, the potential for resource extension or the high margins to our long-term iron ore price. Next steps include: i) finalisation of the Feasibility Study (though Alien reports that current cost inputs are based on up-to-date tender pricing); ii) funding arrangements; iii) local logistics on the siting of infrastructure; iv) complete heritage surveys; v) finalisation of discussions with offtake partners, and; vi) drill extensions to known orebodies. We place our fair value under review today but note that a fully funded operation based on the economic inputs delivered here provide for a full fair value of 1.1p/sh in Hanc0ck alone."

"WHI View: Alien has delivered a strong development study today. A 1.25Mt/yr iron ore mine producing a DSO product for less than a US$20m capital cost is a tremendous achievement. Our analysis shows the plan is economically robust, low risk and with the low capital cost should be fundable. The end result we expect to be a mine producing US$25m FCF/year (100% basis). Using our NPV10 of US$93m, Hanc0ck has an unrisked 1.1p/sh of value for Alien, over five times the current share price without any attributable value from Alien’s other projects. We will look to update our fair value in Alien in due course following today’s release."

https://twitter.com/research_tree/status/1755510572852879808

Capex of A$28m = just £14.45M to start a mine!

Can easily get a loan for that after DFS. Peanuts.

I topped up and going sit tight all the way.

Alien Metals announced its Development Study today, which has identified excellent project economics at its Hanc0ck Iron Ore Project.

https://twitter.com/AlienMetals/status/1755495454215749995

All sounds very robust & solid. Just need a new CEO to push it forward.

iron ore development study delivers excellent project economics

https://www.londonstockexchange.com/news-article/ufo/iron-ore-development-study-for-han****-project/16323155

Julius Malema is the "likely future leader of South Africa"

https://twitter.com/elonmusk/status/1755266935703617613

Have a look at his Pillars of Economic Emancipation:

"Nationalisation of MINES, banks, and other strategic sectors of the economy, without compensation."

https://effonline.org/about-us/

South Africa is the world's largest producer of Platinum and 2nd of Palladium!

This is why Tier1 is key.

Thankfully UFO has 1 of Tier1 Australia's largest high-grade primary Platinum Palladium deposits with Mining Lease, infrastructure and grid power in place.

@Chrisatbirdies, Troy said, "It's time for me to now hand over the reigns."

We will soon find out who the new CEO is. Sounds like someone more experienced/appropriate. Then news flow will start en route to production.

@petej247, I doubt anyone can get access to the internal DEMIRS system.

I can imagine a simple check box to hit since after the initial Native Title RNS for haul road was issued we received the Miscellaneous Licence literally the next day.

Last WHI Research Note stated:

"Native title is a critical part of the permitting process and we see no impediments to the granting of the mining licence now this is in place."

I genuinely believe ducks are now in a row 🦆🦆🦆

Just about timing to put it all together to start mine construction Q2 (maybe do work on junction at Northern Highway earlier) & production Q3. Our export allocation at Utah Point starts Q4. Simples.

@crypto_hater, read what I said, "At the current cash burn".

So it was the right decision to cut all down to "Mr Alwyn Vorster, Non-Executive Chairman, and Mr Guy Robertson, Executive Director, will provide the necessary support."

Why also pay for around 5 full time geologists? They are upset for losing their share options, but shareholders shouldn't be paying for them to twiddle their thumbs.

KNAC Agreement executed. Keep up.

Now just waiting on the Mining Licence. No impediments and due very soon.

Also you said IOCA will get bought out, which means no placing at all.

All the news is to come for the new CEO to fire out.

However, the fake LTHs would have rushed to announce everything before Christmas!

STRATEGY is key.

At the current cash burn, the next placing could even be next year.

As a real LTH, I have to say it was the right decision to cut out all the fat including “260 million Performance Rights to Troy Whittaker”.

Yes communication can definitely be improved, with regular interview updates (like Bill used to do) hence new CEO coming soon.

Have a nice weekend :)

"Fun Fact Friday: Iron Ore is a key ingredient as the world uses 20 times more iron (in the form of steel) than all other metals put together."

https://twitter.com/AlienMetals/status/1753449729243889921

Looking forward to some news next week. Have nice a weekend.