Member Info for Max111

*massive free cash flow.

Before I thought it might be a good idea to sell Sirius. However, since I'm in for the long-term and I see huge potential for UFO, I now prefer Don Durrett's approach when he previously said regarding Elizabeth Hill, "We want to mine it ourselves and have 8+ years of massive fee cash flow."
It's only a small capex which can get funded by off-take (Glencore paid for Fe Ltd's capex) or debt (Strike Resources got loan).

The 49% of the value uplift from a sale within 2 years was put in to deter the BOD from early disposal and to give incentive to develop the project.

@Dean. The deal to buy an extra 40% of Hamersley was based on issuing shares at 1.10p.
IMO they are just waiting for SP to go to a weekly ave of 1.10p (otherwise BOD might have to issue more shares).

It's another reason why SP will be taken to 1.10p and above.

https://www.r esearch-tree.com/research/whireland/wh-ireland-alien-metals-ufo-strong-progress-made-more-to-come/41_2022042703340410297

In terms of current fair value, good to read WHI's valuation report by very experienced geologist analyst David Seers who continues to give current fair value of 2.7p:
"We initiate with a fair value of 2.7p/share, but we will be revisiting that over the course of 2022, as Alien derisks Han**** and drills its prospective targets in what, in our opinion, will be a company-defining year."

“Alien Metals Strong progress made; more to come”
https://*********************/research/whireland/wh-ireland-alien-metals-ufo-strong-progress-made-more-to-come/41_2022042703340410297

Also with Onslow Ashburton Hub getting approvals and coming online, valuation will go much, much higher.
Interestingly it was after the 9/10/20 Hamersley mapping & sampling RNS in which they found the DSO at surface and Mineral Resources putting in plans with the Onslow Hub that UFO went to over 3p.
This is why I very focused on Onslow, even though I am content with just Han**** using the Utah Point facility.

Our $60-65/t Operating costs FOB cover costs mining from Hanc0ck and transporting 435km to Port Hedland and all port fees & royalties.

When Onlsow is up & running, it will be for Brockman & Vivash Gorge. Just need to transport it to Mineral Resources mines nearby and their automated (yes driverless) quad road trains will transport it to Onslow (on private roads).
Then using trans shippers to take to cape size carrier off-shore is also cheaper than paying for Port Hedland services.

Plus their costs of US$21-25/t includes totally dust free infrastructure.
It will be totally enclosed and Iron Ore not see the light of day from when it goes in the trucks on the mine site to when it goes into cape size carrier 22 nautical miles off-shore.
Fully enclosed road trains and fully enclosed discharge from the trucks into negative pressure storage sheds at the port. All conveyors will be fully covered. Trans shippers will be totally enclosed.

All under $25/t!

Bill mentioned being closer to Onslow, "Which we feel for the future will be a new hub."

https://twitter.com/MaxUFO8/status/1537383560218300418/photo/1
https://twitter.com/AlienMetals/status/1526477431657340928

Mineral Resources provide full pit to port mining services allowing 3rd Party ore to go on all their infrastructure and for the Ashburton Hub project have Operating Costs of just US$21-25/t!

https://twitter.com/proactive_uk/status/1539203001591775234?s=21&t=kpTAlGFzo9puDqWxR0Fyrg

https://www.steelorbis.com/steel-news/latest-news/alien-metals-to-produce-high-grade-iron-ore-from-han****-project-completes-vivash-gorge-project-acquisition-1249296.htm

More ridges to explore in perfect climatic conditions, Han**** Project, June 2022.
https://twitter.com/AlienMetals/status/1539150747350310914

It's now less than two weeks until Bill Brodie Good, CEO at Alien Metals, presents at our Summer Investor Evening 30th June.

Register for your virtual or in-person place and hear the latest developments at @AlienMetals, including today's acquisition completion. #UFO
https://twitter.com/UKInvestorMAG/status/1538881716227653632

I'm noticing some larger trades. 3M last Friday afternoon at 0.75p. 2.5M just went through now.
Mexico results due soon which Bill said, "You could follow us just for those!"

RNS: Issue of Shares following Vivash Gorge Acquisition
https://www.londonstockexchange.com/news-article/UFO/issue-of-shares-following-vivash-gorge-acquisition/15503370

Alien Metals completes acquisition of Vivash Gorge project from Zenith Minerals
https://twitter.com/UKInvestorMAG/status/1538849127676751876

Also it was after the mapping & sampling RNS 9th Oct 2020 that UFO made a move to 3p in which the RNS stated:
"Initial interpretations are excellent with indications of the presence of a larger amount of the mineralised Brockman Iron Formation than originally thought."

The original est exploration target for Brockman was 233M tonnes, and the RNS stated there is more than originally thought!
The majors were drilling right up to the south & north boarders of it.

For me the deal is important since it shows that the BOD feel they can get a huge amount more DSO seaborne after Hanc0ck.
They are not content with just adding Brockman. Every tonne of DSO they discover will get mined and sold, especially since Mineral Resources are pushing ahead with the Onslow Ashburton hub and have operating costs of just US$21-25/t. This means Brockman & Vivash Gorge can be mined for decades.

https://twitter.com/proactive_UK/status/1538809393034235905

Completion of Acquisition of 100% of the Vivash Gorge Iron Ore Project, Western Australia
https://www.rns-pdf.londonstockexchange.com/rns/4372P_1-2022-6-20.pdf

Nice 3M buy at 0.75p. Looking forward to more news next week :)