Member Info for Max111

"returns an impressive USD $60/t Free on Board from extraction at site to delivery to the Port Hedland Public Ore Terminal, including government royalties." :))))))

"Operating costs of US$60/t FOB"

(This website doesn't like symbols)

"Operating costs of

Wow "Operating costs of

http://www.rns-pdf.londonstockexchange.com/rns/4517P_1-2021-10-18.pdf

Sorry wrong link.
https://www.lse.co.uk/rns/UFO/scoping-study-for-the-han****-iron-ore-project-nzmiguty6vrr71t.html

http://www.rns-pdf.londonstockexchange.com/rns/8627O_1-2021-10-12.pdf

RNS is tomorrow 19th October:

Alien Metals to announce scoping study results on Han**** iron ore project on October 19
https://www.proactiveinvestors.co.uk/companies/news/963037/alien-metals-to-announce-scoping-study-results-on-han****-iron-ore-project-on-october-19-963037.html

Just not sure if it will be 7am or in afternoon, but my guess going by release of RNS's this year, it will be 7am.

This link works:
https://www.londonstockexchange.com/news-article/UFO/investor-webinar-replacement/15162115

So big day tomorrow for UFO.

7am RNS = Alien to announce results of Scoping Study which provides an initial economic assessment of our 1st MRE.

5:30pm = Investor Webinar
https://**********.brand.live/c/alien-metals-webinar-19th-october-2021

Chris2 just posted an interesting article dated 30th Sept which states that the Chinese plan to keep steel "output low in 2022 and let it rebound in 2023, 2024". This is very bullish for UFO since I estimated production will be in 2023 (under 2 years time).

It also states, "China continues to rapidly urbanize, while infrastructure expansion remains a core part of its latest five-year plan."
"We expect Beijing may have to drive infrastructure hard next year to reach five-year targets, and that should help steel demand."

And most importantly it also confirmed what I stated earlier, "Major miners are largely not expanding production, leading to tight supplies."

Supply & Demand of Iron Ore:

Supply:
70% of Iron Ore is supplied by the top 4 producers and their production is forecast to remain flat. They are engaged in replacement tonnage and not additional tonnage. Vale CEO just said Iron ore market will stay 'relatively tight'.
Chinese interests in Africa require at least 10 years of development and even then, will only be able to supply 10% of China’s iron ore requirements (without military coups).
Demand:
Demand for steel has been skyrocketing and will continue to increase significantly as the Trillions of dollars of infrastructure stimulus start filtering through, plus with demographics the middle class in Asia is expected to increase from 2Billion to 3.5Billion by 2030.

Consensus for Iron Ore is around $130-$160 (without the Infrastructure Stimulus Bill).
https://www.youtube.com/watch?v=crRaraVj_Nk&t=341s

Plus we have DSO which sells for a premium.

I agree with DSO production in under 2 years.

This is the best article with regards to timeframes:
"How long will this process take overall?
That’s hard to say, given that many operations in Australia are hamstrung by the coronavirus at the moment. But it’s worth noting that peers of Alien’s working similar operations in a similar environment typically take about 20 months from establishing a resource to digging up first ore."
https://www.proactiveinvestors.co.uk/companies/news/957536/alien-metals-making-strong-headway-with-potential-dso-operation-at-han****-957536.html

Atlas Iron built their open pit mine within months:
https://www.youtube.com/watch?v=xFE1lAPh0g4&t=297s

Fenix have outsourced all their mining to https://www.maca.net.au/.
Maca built Fenix's mine within just 4 months.
They have a very simple operation at the mine. Just 1 excavator, 3 trucks. Crushing & screening using a mobile modular unit.

DSO is the easiest, cheapest and fastest route to income for a junior miner.

Very much looking forward to the initial economic assessment of our 1st MRE to be announced either Monday, or more likely Tuesday (day of the Investor Webinar).

Brodie Good said the company was “very pleased” to be in a position where Mining Plus was finalising its initial scoping study, with the board “looking forward” to sharing its findings with the market next week.
https://www.sharecast.com/news/aim-bulletin/alien-metals-awaiting-results-of-han****-scoping-study--8213986.html

Chris2, so you still haven't bought!? And you still haven't answered my questions.

To mine the silver ore body at Elizabeth Hill is very easy due to its super high-grade.
The previous owners used basic methods. Simple milling & processing and left behind 16,000 tonnes of tailings. But then had to stop since silver was around $4/oz.
https://www.youtube.com/watch?v=GyQ4JB-p8fQ

3/4 of the ore body is still there and the recent QA/QC holes validated the historic data. Then after test holes around the halo, the suddenly decided to do a follow up drill programme. You will soon find out why.

I post information regarding silver precisely for the reason that high-grade silver deposits are rare and UFO is the only junior silver play on the London market. And thankfully it's in the fantastic mining jurisdiction of Australia.
Jim Rogers advised to invest where there are shortages. You will soon find out once the paper silver market breaks how far silver will shoot up with the investment fervour that comes with it. Bye again for now.

More confirmation of a silver blanks shortage
https://twitter.com/WallStreetSilv/status/1449072654879760390

With a shortage of all raw materials, COMEX won't be able to keep up the paper charade for much longer.
Then the silver space will go really nuts again.

After some basic milling & leaching they sell it on as a black concentrate and Karratha is very close to the port
https://www.alienmetals.uk/wp-content/uploads/191204_figure1-1024x879.jpg

Found it:
https://twitter.com/AlienMetals/status/1357122435745804288
"Thats amazing core you can see the #Copper. Cobalt grades have got to be some of the highest in Australia. Buyers of copper and #cobalt will be interested in this new source of supply #Glencore"

Our XRF results were showing 5% copper with visible copper in the core also.
Copper deposits are becoming very rare and the Chinese have been knocking on anyone's door who has a large deposit.
I'm sure Glencore would be interested in our & Artemis's soon as we prove it up and would make sense to buy out both.

Yes it was early this year

I remember Alien Metals doing a reply tweet on Artemis's tweet of grades of copper & cobalt and then putting "#Glencore" at end of tweet.