RE: Alien Metals Tweet12 Jan 2022 17:22
We are currently doing diamond drilling at Hanc0ck.
Will very soon start de-watering Elizabeth Hill and have it tidied up and ready to reopen before end of March.
EH assay results due.
In the interview today Bill said, "With Mexico, we are very confident we are going to start drilling those holes very soon, EASILY within the next few months." This tells me permits will drop very soon.
However the main issue is that the market still doesn't understand what consolidating Munni Munni means.
When the deal completes we will have 100% of JORC 2004 Resource of 2.2Moz, comprising 1.14Moz palladium, 830,000oz platinum, 152,000oz gold and 76,000oz of rhodium.
• 1.14Moz Palladium x $1,860/oz = $2,120,400,000
• 830,000oz platinum x $980/oz = $813,400,000
• 152,000oz gold x $1,824/oz = $277,248,000
• 76,000oz rhodium x $15,100oz = $1,140,000,000
Total of UFO Munni Munni 2004 JORC Resource = $4,351,048,000 in situ value.
Take valuation of just 5% = $217,552,400 compared to UFO’s current Market Cap of just £26m!
UFO is incredibly undervalued.
But the key thing is that the Resource remains open along strike and at depth!
Only 6m oz platinum mined annually. As per the conference today, the Sheikhs are buying up mining assets in Australia, and soon Saudi Arabia will need a lot of platinum to produce their fuel cell vehicles.
Then add over US$1bn DSO which today's Research Note stated:
"The Hanc0ck Iron Ore Project is shaping up to be a significant discovery and growing asset for Alien and work is continuing at pace to develop it to be shovel-ready in the shortest time to become the next WA iron ore producer."
The market will understand when UFO start showcasing Munni Munni & Elizabeth Hill (next to infrastructure, power from grid and mining lease in place!).
Lots of people are looking to invest in the next PGM project, but they are so rare. It all leads to Tier 1 Munni Munni.
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