Member Info for Max111

Hi BB, I'm guessing TP will provide a re-valuation once the company have updated the market with the remaining 39 drill hole assay results.
But they will probably wait until the Donovan 2 assay results are also released, which by looking at the Exploration Timeline on Company Presentation, should be next week.

I expect a massive revaluation, since they previously used a super aggressive discount factor on Hamersley of 80% (and in last research note they said they had used 60%, and looking to reduce it further).

https://twitter.com/AlienMetals/status/1397126866641768450

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

Alien Metals commences Phase 2 drilling on Han**** Licence
https://www.globalminingreview.com/exploration-development/25052021/alien-metals-commences-phase-2-drilling-on-han****-licence/

Bill is not wasting any time!! This is awesome.
All samples now received and "we look forward to updating the market ASAP".

https://www.londonstockexchange.com/news-article/UFO/phase-2-drilling-commences-on-han****-licence/14989774

@Barrett, on Fenix's website it states:
"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."
https://fenixresources.com.au/corporate/

So grateful we have DSO in significant quantity.
Fenix only has 10M tonnes.
Looking forward to our results expected this month.

That's the best way silverhorse. But looks like with the new deal UFO is looking like a much safer bet with massive upside potential.

"He goes on to explain how the acquisition provides increased flexibility to fund the project via joint venture, partial sale or spin off."
https://www.proactiveinvestors.co.uk/companies/news/950329/alien-metals--explains-conditional-agreement-to-increase-interest-in-hamersley-iron-ore-project-950329.html

https://www.youtube.com/watch?v=NN9lYSDXKco

Great to have you back on this BB Naps.

I can't wait until we start drilling the " highest priority targets delineated for PGE and Ag/Ni/Cu.

Bill and the BOD have been pulling some blinders.
Eg they acquired Elizabeth Hill, then they get the 117km Munni Munni extension.
Now looking to acquire the tailings to fund exploration.
They acquired 51% of Hamersley then when it proves to have significant DSO they increase the interest to 90%, which makes us a big player in the junior Iron Ore mining world.
Secured a JV with Capstone Mining who is planning to rapidly develop Donovan 2 (drill results soon).

Goes to show they are doing a lot behind the scenes and can only communicate it when they are ready.

Hi BB, Yes that's me!
I initially set it up to try to get to word out about UFO, since the North American silver miners seemed to get all the attention.

I'm really not trying to be a "fin-fluencer" or gain followers!
Twitter is a great research tool though and can message important people. I recommend everyone to set up an account. Plus you don't get the trolls!

Yes definitely smiller. I have no doubt that we will definitely get a JV with one of the large players also.

Hi 944T, I too am very against doing a partial sale of any of our lovely Iron Ore, but for those who are concerned about future placings, as TP stated, this move provides increased flexibility to fund the projects. So it allay those fears.

I trust Bill will make the right decision. As he said in the webinar last year, “We will make sure we are reviewing and looking at all the options to us that will give the maximum return to our investors.”

It's also good to note that Fenix's 10M tonne mine has a mine life of 6.5 years.
If we have say 100M tonnes at Hanc ock and Brockman, that would give us a mine life of 65 years!

We will still need fund the projects. We currently have funding for our drilling, but not mining.

Even if we use contractors such as https://www.maca.net.au/ we will still need to raise funds.
This deal means gives us the flexibility to fund the DSO mining via partial sale, and then JV other parts etc.
I reckon the BOD have it all planned out with Windfield already.

@Deanok. Good spot of the white road tracks on Figure 3 of RNS.

The Sirius ones go straight up to Brockman ;)

@ smiller, I'm just being conservative. Yes Bill did say in a previous interview "Sirius holes we believe will be significant DSO material."
I have no idea whether they will do a partial sale of Sirius, just a guess.

Looking forward to the results very soon though.

I have always felt we might sell off one section of our tenement, ie the Sirius deposit which is adjacent to Brockman Mining who have been aggressively buying up adjacent tenements.
This would constitute a partial sale.

If we sell it for a say a few million, we would have to give 50% of that uplift to Winfield and we can then use the rest to fund DSO operation.
This deal gives us great flexibility to fund the projects.

@StarBright, today's Research Note stated:

"Significantly, this move will provide increased flexibility to fund the Projects via joint venture, partial sale or spin-off."
https://www.alienmetals.uk/wp-content/uploads/20210520-UFO.pdf

Hi TKIA,

This picture paints a thousand words, or a few million in profit ;)
https://twitter.com/AlienMetals/status/1387762077188689929/photo/1

As bill said regarding the tailings project, "Watch this space!"

Great post EWT. I am guessing certain people don't like to get called out. Lol

tacet, that is what the "Report Post" button is for. Thanks.