Member Info for Max111

But nothing from Turner Pope! Come on Turner Pope!
FYI, I have emailed Turner Pope again.

Here is a good slide show presentation from Vo x Markets

https://twitter.com/**********/status/1401893462140669956
https://twitter.com/VO Xmarkets/status/1401893462140669956

“The remaining assays confirmed the significant potential of the Sirius Extension prospect, as well as the potential of the wider licence area.”

"Awesome results! For a maiden drilling programme 103m @ nearly 62% Fe from surface and finishing in ore is quite an exceptional hole!
This is from the Sirius extension. I think we have hit the sweet spot!"

Lots of great info in interview.

Well done Bill & Alien team :))))

https://audioboom.com/posts/7882008-alien-metals-ceo-bill-brodie-good-on-hamersley-project-alan-green-on-venture-life-hemogenyx-g

This is without a JV.
At 19p it is just valuing our high-case tonnes in the ground at £3.2/tonne (£8/tonne - 60% discount factor).

But when we get a JV or use a contractor such as https://www.maca.net.au/ then the valuation will be many multiples of 19p.

Wents, I'm just asking for Turner Pope to use the correct figures in their valuation. Not asking for much, especially when they have issued Research Notes for 2 other companies today and have so far completely ignored us today!

stevomining, well done on joining as a member of this website today.

Maybe next time just use your other account eh?

Also your complaint should be directed at Turner Pope for selling us short and massively undervaluing us (see my previous post).

And as soon as they update for just the 90.2% interest =

Downside valuation:
74,000,000 tonnes
x£8/t = £592,000,000
x0.4 (to discount 60%, not 80%) = £236,800,000
x0.902 (UFO share) = £213,593,600
= 5.89p/share

Upside valuation:
245,000,000 tonnes (not 150M tonnes)
x£8/t = £1,960,000,000
x0.4 (to discount 60%, not 80%) = £784,000,000
x0.902 (UFO share) = £399,840,000 (not 61.2M as stated in the SOTP valuation).
= 19.51p/share

Great summary Hopscotch.

Turner Pope are seriously selling us short!

I've emailed them twice to correct the errors in their SOTP valuation:

1. 150M tonnes high-case was used, when should have been 245M tonnes.
2. The Iron Ore was halved to get 50% Fe, when it was already accounted for a grade range of 50-63% Fe (see page 28 of Company Presentation).
3. A super aggressive 80% discount factor was used, when it was stated in Research Note 6/5/21 & 20/5/21 an aggressive 60% discount factor was used.

Therefore the valuation for Hamersley should be:

Downside valuation:
74,000,000 tonnes
x£8/t = £592,000,000
x0.4 (to discount 60%, not 80%) = £236,800,000
x0.51 (UFO share) = £120,768,000 (not 30.2M as stated in SOTP valuation).
= 3.5p/share

Upside valuation:
245,000,000 tonnes (not 150M tonnes)
x£8/t = £1,960,000,000
x0.4 (to discount 60%, not 80%) = £784,000,000
x0.51 (UFO share) = £399,840,000 (not 61.2M as stated in the SOTP valuation).
= 11.67p/share

Then account for an increase to 90% interest!
Then reduced the 60% aggressive discount factor (as they said they would do).
Then adjust for higher iron ore price (as they said they would do).

Still no updated Research Note today from TP. Even though this morning they have emailed out a Research Note for Europa Metals & DeepVerge plc.

Come on Turner Pope!!!!

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

https://www.globalminingreview.com/exploration-development/07062021/alien-metals-announce-final-han****-iron-ore-results/

https://twitter.com/theminingmaven/status/1401840116402950148

@HH, we are not a long way from having JORC resource.

Today's RNS stated: The follow up drill program is over halfway completed already (only started under 2 weeks ago on 25th May) and should enable Alien to generate a maiden JORC resource.

Alien Metals identifies 4 high-grade Direct Shipping Ore prospects at Han**** iron ore project
https://www.proactiveinvestors.co.uk/companies/news/951511/alien-metals-identifies-4-high-grade-direct-shipping-ore-prospects-at-han****-iron-ore-project-951511.html

Turner Pope only factored in 5M tonnes of Iron Ore at all of Hanc0ck Ranges for our downside valuation.
They are going to have to massively increase that now.

Alien Metals Says Drill Results Confirm Australia Project's Potential
https://www.marketwatch.com/story/alien-metals-says-drill-results-confirm-australia-project-s-potential-271623048890

@smiller, today's RNS confirms significant DSO open at depth and untested areas should have even more potential!

Who is going to sell when phase 2 drilling will complete within 2 weeks and and should enable Alien to generate a maiden JORC resource!

Today will be interesting!

They are going at incredible speed!
The follow up drill program is over halfway completed already (only started on 2 weeks ago on 25th May) and should enable Alien to generate a maiden JORC resource!

"The untested areas of the tenement we believe to have even more potential."

OMG how much DSO is there!

103m @ 61.8% Fe from surface ending in ore is just incredible!!