Member Info for Max111

Rio are right on our boarder and producing low grade SP10 iron ore and only have about 2 billion tonnes of reserves at existing mines in the Pilbara, which is enough to sustain production for only about six years or so.
So Rio will have to JV for Brockman IMO.
https://www.alienmetals.uk/wp-content/uploads/Untitled-design-2020-08-26T143843.624-1024x633.png

There are a lot of gamblers on AIM.
Patience makes money, but production in less than 18months is super fast in mining!
People will soon realise.

Hi Chrisatbirdies. The last paragraph of TP's Research Notes explains:
https://www.alienmetals.uk/wp-content/uploads/AlienMetals_19_10_2021_FINAL_BG.pdf

They are only comparative since we currently the same amount of DSO Resource, 10Mt.

However, as Bill keeps saying ours is only an Initial Resource and said we have only covered 1/10 of Hanc0ck and haven't even touched Brockman.
So UFO's upside is massive in comparison.

I agree DRB. Also in the interview Bill said there is a lot more iron ore of lower grade below the high-grade DSO at surface.
Rio & FMG only produce the lower grade since they have depleted DSO.
Bill said in 10-15 years time they can look into mining the lower grade.
If we sell now, we will be giving away all of the lower-grade (which can be decades of mine life) for free!

I was looking into it, TP's Research Note stated that Fenix has an Indicated and Inferred Resource of 10.5Mt. Fenix's website states "Of this resource, more than 95% is in the Indicated category."
So we just need to get our initial Inferred JORC compliant Resource of 10.4Mt to the Indicated category.

The Resource RNS stated Howard Baker (who did the Resource Estimation for Rio Tinto's Brockman sites) is confident that future drilling will increase the classification.
Bill (ex-Rio) is confident.
Lloyd (ex-FMG) has obviously done his DD on the project and is confident and has started ball rolling on permitting and talking to partners etc.
Mining Plus are confident.

So I don't see any issue with increasing the classification.

Interestingly in the interview last week Bill said they have only looked at "1/10" of the Hanc0ck tenement and he's got a team going out this week.
https://www.youtube.com/watch?v=Y_Mdg3-zwJs
Just imagine if we get 100mt at Hanc0ck!!

The flyover video shows the huge potential at Hanc0ck:
https://www.youtube.com/watch?v=b3PAmjNEdVA

I agree smiller. Just being extra cautious.

Another way to value is 10% of the in-situ value at current metals prices. So still massively undervalued even if you are just calculating our current resource of 10.4Mt.

Here is an interesting calculation:
245,000,000t x 0.5 Fe = 122,500,000t
x$40/tonne profit = GBP£3,562,055,000
per share = over £1!

Plus the other projects.

Step by step as we work up the projects and become a Mid-Tier.

Hi MP, this is the latest TP Research Note:
https://www.alienmetals.uk/wp-content/uploads/AlienMetals_19_10_2021_FINAL_BG.pdf

"In this respect, it is worth recalling that on 25 February 2021 TPI published an updated assessment of Alien. This individually assessed each of the Group’s continuing projects, from which it derived a sum-of-parts upside valuation of £82.9 million.
Hamersley dominated these, contributing some £61.2 million of the total. Subsequently, of course, Alien announced negotiations were underway in order to take its holding in the Brockman and Han**** Ranges projects from 51% to 90% through a cash and shares transaction; now being finalised, this transaction clearly presents opportunity to boost this figure beyond that indicated in the original assessment."

Using TP calculation for Hamersley with a 90% interest and the correct upside tonnage now equals:
245,000,000 x 0.5 Fe = 122,500,000
x£8/t = £980,000,000
x0.2 (to discount 80%) = £196,000,000
x0.902 (UFO share) = £176,792,000
= 5p/share

Using an aggressive 60% discount factor (instead of 80% as they said they would do) = 10p/share

Mining ourselves would mean many multiples higher than 10p since discount factor was included in £8/t.

Then have to add all the other projects!

By any means you look at it, we are massively undervalued!

https://www.facebook.com/MiningPlus/posts/6279404442132394?__tn__=-R
"Congratulations to our client Alien Metals Ltd on the fantastic outcome of the Hanck project Scoping Study.
We look forward to working with you as the project progresses!"

Read more here: https://www.proactiveinvestors.co.uk/companies/news/963590/alien-metals-says-scoping-study-indicates--exceptionally--strong-returns-from-development-of-han****-iron-ore-963590.html

I hope people are ready for production in less then 18 months! Incredible upside!

This is the 10yr:
https://twitter.com/SilverRocket6/status/1453350015775219715

10yr down trend broken & back tested on good volume!
https://twitter.com/SilverRocket6/status/1453349508428058626

5M buy @1.05p at 11:24am :)

Showing as a sell, but I was getting live quote to buy 1M @1.04p at 11:23am and SP went up after. So definitely a buy.

Hi Lyndon, yes very significant news flow before xmas. But the market still hasn't understood the implications of unlocking over US$1bn in DSO! Fenix's tenement is the size of a postage stamp compared to Hanc0ck!

I can get quotes to sell 5M in one go. I saw them all coming.

@myavian, below is what I wrote last week to you. So you have been wrong yet again!
It's just traders. Take advantage of them.

"@myavian you were wrong about the move last year. You were wrong about the silversqueeze move. You were wrong about the economic potential of Hanc0ck. You were wrong about yesterday's RNS and you will be wrong about "no hurry to cross 1p".
The LTHs who have been patient are not selling anywhere near 1p especially when they have seen it go to 3p. So how will potential investors be able to get a share of the incredible potential profits of the quick & easy DSO project and the silver, copper, nickel & PGE at Elizabeth Hill? They will have to bid for it. Simple."

Yes, Upside. Trying to hit the stops at 1p and robbing people.

Yes 2022. Elizabeth Hill, Munni Munni, Brockman, silver hitting ATH. This is going to go nuts.

Yes Pepe. Interestingly the big money hasn't even come in yet, but will very soon. The economics of unlocking over US$1bn of DSO (from surface) and going to production in less than 18 months with a tiny capex & market cap mean this will go double digits soon.
The cash that will be coming off the project will be incredible. Which means significant dividends for shareholder (Fenix policy is 50% and 80% of after-tax earnings to shareholders in the form of dividends, either annually or semi-annually) or we reinvest and massively grow the business during the metals bull market or both.

“Remember, remember the Fifth of November”
#Silversqueeze
https://twitter.com/jmb063/status/1452818269992374278

Wow 102M shares traded today :)