Member Info for Max111

Iron ore prices will reach $300 a ton in a year or two on strong demand and tight supply: Analyst
https://www.cnbc.com/video/2021/07/16/iron-ore-prices-will-reach-300-a-ton-in-a-year-or-so-analyst.html

Iron ore bull market likely to run until at least 2023, Goldman analyst says
https://twitter.com/AlienMetals/status/1417127092794318852

Also it's good to note that as per Fenix's website the Chinese are after high-grade DSO (which is what we have) due to increasing strict government regulations.

"High grade iron ore attracts a premium price on the seaborne market as Chinese steel works increasingly demand more pure inputs with lower emissions due to increasing strict government regulations."
http://fenixresources-com-au.stackstaging.com/corporate/

I can relate to this since I only initially invested in UFO because it's the best junior silver play on LSE.
However, when Iron Ore went over $130/tonne last December and I found out that the unit cost of the majors was under $20/tonne and that TP said it our est target of 245M tonnes might be revised upwards, my focus shifted to Hamersley.
The numbers that will come off the project when it goes into production are absolutely incredible.

The fact that SILJ bottomed last month at the same time as UFO is reassuring that we will now head back up with the silver sentiment.

However, I would argue, it's what the 1.4Billion Chinese want, which has enabled Iron Ore companies to make record profits.
And it's good to know we are getting some covering in Chinese media:
https://tks.mysteel.com/21/0812/14/BB0ED364EFB03CDE.html
Translated as:
Steel mine dynamics: Progress has been made on the Han**** iron ore project in Australia
Australia's Han**** iron ore project is progressing Alien Metals Ltd said on Wednesday that its Han**** iron ore project in Australia could develop into a direct-haul iron ore mine, foreign media reported. The Han**** project is an extension of the Sirius project. Initial resource estimation and mining studies for the project have begun and preliminary results are expected in the September quarter.

The sellers gave Mr 1M a nice gift today. The upside potential penny will drop eventually when people finally get it!

My favourite part of the news today, apart from the awesome results was hearing that Mining Plus are on board, since it's one thing having a resource, it's another to monetise it.

Bill said, “With Mining Plus doing what they do really well and having the very recent experience and knowledge of a similar project that is now in production (he must be referring to Fenix).”

Mining Plus do everything from planning to project delivery:
https://www.youtube.com/watch?v=hC63V4bfWgY

Therefore, for Sirius we don’t need to wait for one of the majors to come on board and take away a massive amount of equity.
Mining Plus can do for us what they just did for Fenix.
Incredible upside potential, especially since only 15% of the tenement has been tested!

Alien Metals upbeat on latest results from Hanc0ck
https://www.sharecast.com/news/aim-bulletin/alien-metals-upbeat-on-latest-results-from-han****--8061583.html

Alien Metals says Hanc0ck Iron Ore Project Could be standalone DSO producer - Shares gain
https://www.asktraders.com/analysis/alien-metals-says-han****-iron-ore-project-could-be-standalone-dso-producer-shares-gain/

As Bill said in the interview, we now have a really great team of very experienced people who have been there and done it already. This is key to success.

Mining Plus - has extensive experience with similar DSO grade projects that have recently transitioned from explorer to producer in Western Australia.
Howard Baker - who did the Mineral Resource Estimation for Rio Tinto’s Brockman sites.
Elizabeth Hill – “We are talking to the original miner. He’s really keen to help us.”
New Alien Metals Exploration Manager – As Bill said in previous interview, he has great experience.

All the pieces are coming together now :)

This is what Wolfy wrote about me before:
"Hi Max - I’ve followed your posts on here for a while now and while I do agree with the others regarding your positive outlook etc I see you always back it up with facts and not pie in the sky. The information is out there and suggests this company is well placed to progress strongly - the SP increase will be a sideline to this. Keep up the information as it comes and good luck"

Now that he has sold out and worried about a SP rise, he has become my troll!

Plus Wolfy used to be 100% positive on UFO and kept posting about silver:
"Silver climbing...."
"Silver through 28$ and climbing..."

Simple rule on investing = If you don't have patience to invest, investing is not for you. Bye Wolfy.

We are currently the Top Story on:
https://www.globalminingreview.com/

Alien Metals provides Hanc0ck Iron Ore Project update
https://www.globalminingreview.com/exploration-development/11082021/alien-metals-provides-han****-iron-ore-project-update/

Wolfy81, what a deramper you have become, the new "earache".
If you think the rise to 3p last October was because Capstone came on board you are a fool or a deramper.
The exclusivity agreement was RNS'd on 9th Sept. No discoveries were made at Donovan2 (only well sample and IP survey).
But discoveries such as several kilometres of BIF, and a larger amount of Brockman Iron Formation than originally thought at Hamersley were being made when using helicopter support RNS 9th Oct.
Plus that was when they started negotiations to increase the Hamersley interest from 51% to 90%.
Donovan2 only constituted a small part of UFO's valuation, and on the day they pulled out, we had the RNS of the share transfer to signal that the 90% interest deal is going ahead (which I was trying to tell you that day).
Sirius Extension will now make UFO a standalone DSO producer. That is just the start.
Wait til we start proving up Brockman, which will then provide potential for separate company IPO IMO.

Yes definitely agree with Prospector. He has been in UFO a long time and had lots of arguments with the derampers of UFO early last year who said the SP will not get anywhere, especially a member called "earache!".
He also bought and held GGP since mid 2016! So definitely experienced with junior miners.

Han**** #Iron Ore project now firming up as standalone #DSO operation following latest drill results
https://twitter.com/AlienMetals/status/1425376000003788800

Alien Metals Shares Rise on Progress at Han**** Iron Ore Project in Australia
https://www.marketwatch.com/story/alien-metals-shares-rise-on-progress-at-han****-iron-ore-project-in-australia-271628670114

https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/aa63aa06-cb91-dd79-a571-98e2182ec89c/AlienMetals_11_8_2021_FINAL_BG.02.pdf

https://www.proactiveinvestors.co.uk/companies/news/957414/alien-metals-says-latest-results-support-han****-iron-ore-project-s-potential-as-standalone-dso-producer-957414.html

https://www.**********.co.uk/articles/alien-metals-says-han****-project-is-a-significant-development-opportunity--10469bb/

https://www.vo xmarkets.co.uk/articles/alien-metals-says-han****-project-is-a-significant-development-opportunity--10469bb/
(delete space in vo x)

Our downside valuation only factors in 5M tonnes at Sirius and Hanc0ck as a whole (high case 15M tonnes).
Only 15% of the tenement has been tested! IMO the est exploration target will be revised upwards (as Turner Pope said it might last December due to the discovery of several kilometres of BIF ridges at the Western Ridges).

Well done Hobi. Looking forward to getting to Hamersley's current downside valuation of 3p, then make our way to Hamersley's upside valuation of 10p, plus making discoveries at Elizabeth Hill & Munni Munni North.