Member Info for Max111

WHI Research Note:

"WHI View: DSO projects are low capex, low opex models; simply dig and ship with minimal strip. Alien is fast-tracking to a construction decision to take advantage of the elevated iron ore price. We continue to see fair value at 2.7p/sh, and will look to move this as Alien derisks this first, high-impact project."

What a great team:
Ex-Rio Tinto Bill
Ex-FMG Lloyd Edmund
Howard Baker who did the Resource Estimation for Rio Tinto's Brockman sites
Mining Plus who have done it before for other juniors that have transitioned from explorer to producer.
Harvesting the ridges in about 11 months and cash will be piling in :)

Good to know Howard Baker went out there and is "further increased confidence in this exciting project".
Interesting that they hope to declare a maiden JORC on ridges F & G!
The Programme of Work (POW) for a maiden drilling programme on the Brockman tenement has
recently been approved!

https://www.rns-pdf.londonstockexchange.com/rns/0014N_1-2022-5-26.pdf

Yes smiller. Fe ltd got their capex paid for by Glencore and Strike got a loan for their capex. No dilution required for Hanc0ck.

Good spot DRB. Yes before it just stated "Exit" now it states "Exit/Produce $" :)

Nice merged magnetic image of Elizabeth Hill & Munni Munni on page 20. Massive potential there.

https://www.londonstockexchange.com/news-article/UFO/corporate-presentation/15469504

Obviously you didn't do any dummy trades today Wents! lol

Regarding the potential, just imagine, before we had to give away 80% of Donovan2 in order to get $10M funding to get Donovan2 to PFS level.

Soon we will be able to make the $10M in just 2 months of operations!

Welcome to the BB Rare_Groove. I haven't seen you on here before. This is exactly the kind of post I want to see to show we are about to move up significantly. Many thanks :)

Well done Allwinnerspaid for spotting AK Evans Group on LinkedIn. You can see their logo on the truck Bill is standing next to :)

The delivery of ore on a typical ‘Quad Road Train’ from Newman to Utah Point as planned for Han**** #IronOre …
https://twitter.com/AlienMetals/status/1529362216016814082

This talk of the SP of junior explorers only going up once they are extracting & producing is nonsense.

What makes the SP of explorers go up on SILJ who are not in production?
Think about it long and hard and you might just get the right answer.

Most explorers haven't even found any silver and are no where near to production.
UFO is far ahead of most juniors with the highest-grade silver mine with mine shafts and head frame where you can actually access the super high-grade orebody. Plus EH sits on a mining lease!
EH is many years ahead of other juniors.

Interestingly UFO IOCA Country Manager Lloyd Edmunds liked Campbell Transport's post:
https://www.linkedin.com/feed/update/urn:li:activity:6933552984144371712/

They are a leading and growing road freight company. They offer localised storage at Port Hedland also.
www.campbelltransport.net.au

Looks like the pieces are all coming together. As the Corporate Presentation stated, the project is getting "well advanced".

@Steve, the last time Bill was asked about funds was on 18th Feb and he said, "We've got funds in the bank for 18months" = August 2023.

@steveiom, Hanc0ck will be funded by off-take or loan (Fe got capex via Glencore off-take and Strike got loan).

China imported 3% of it's Iron Ore from India last year. This was 33.42 million tons.

They have said they will now make up for the shortage by seeking resources from Brazil, AUSTRALIA, Kazakhstan and other countries in order to prevent any disruption to their steel industry.
https://www.globaltimes.cn/page/202205/1266280.shtml

We have sent the bulk samples to the off-take parties some time ago.
Now they will be desperate to get our product in order to replace the shortfall from India.

That's not what you said HH.

Anyway being a "Wet Blanket" as you called yourself butters no parsnips in the mining sector.
The cog that squeaks the most gets the oil. Not much oil around at moment, but that will soon change as we saw in 2020 and as smiller said the projects are far more advanced since then. Capital flows can come back in a flash and we will re-rate to fair value of 2.7p and will be reassessed higher during 2022 as we advance the projects further.

@HH, you said the SP will go up after H2 2021. Then when H2 came, you then said it will be Q3 2021.
The downturn in the mining sector has obviously taken a lot longer than we anticipated. All shares in the mining sector are down.

As Rick Rule always says investors are the only people that complain when the price of what they want to buy goes down! Treat the market rout as a gift.

The Corporate Presentation stated "Pushing for ‘Shovel Ready’ Q1 2023" ie in just 10 months.

Friday's article in UK Investor Magazine stated:
"Bill Brodie Good, Alien Metals CEO, said they were working to ‘get this project into production within a very short timeframe.’"
https://ukinvestormagazine.co.uk/alien-metals-boasts-multiple-opportunities-for-value-creation/

Markets are forward looking.

DSO at surface and silver nuggets just 1m down.
UFO provides the fastest route to income in the mining sector.
Hopefully we get some decent investors after the 121 Mining Event.

@Chris2, you ask, "when is there going to be any news that even reports how UFO intend to create a revenue stream?"

Have you not read WHI's valuation report?:
“Alien Metals Strong progress made; more to come”
https://*********************/research/whireland/wh-ireland-alien-metals-ufo-strong-progress-made-more-to-come/41_2022042703340410297

"We see a clear route to near-term cash generation from Han****, in a project that Alien could manage itself."

"Near-term cashflow from DSO iron ore production – 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."

Hi Turbo. Should be a very busy couple weeks for UFO. Drilling Hanc0ck & Munni Munni (US$5bn in situ PGM & Gold) this week.
Reopening the highest-grade silver mine Elizabeth Hill any day.
Assay results from San Celso & Donovan2 out hopefully next week (fingers crossed 78m of sulphides are metal bearing!).

Then drilling Brockman after Hanc0ck (which the majors were drilling right up to the south & northern boarders!).
Looking forward to getting to our initial current fair value of 2.7p in due course.