Member Info for Max111

SILJ breaking out. Where will UK money go looking for a UK listed junior silver play?
=> UFO :)))

That's a good point Joff1. Also the discount factor wasn't an "aggressive 60% discount factor", they had actually previously put on a super aggressive discount factor of 80%!

Plus they didn't factor our full est target of 245M tonnes, only 150M tonnes.

I previously worked out at a 60% discount our full est target of 245M tonnes (which TP previously said might have to be revised upwards) will equate to 6.5p/share.

Now that they say they will reduce the discount factor to below 60%, this will add a massive re-valuation.

I always felt our rise back in October was justified after they had completed the sampling work at Hamersley via helicopter support (RNS 9/10/21).
They were using handheld XRF meters and they knew the grades they were getting.
Bill issued an RNS on 16/10/21 to justify the rise and prevent a speeding ticket.
It was not a ramp, it was real, but unfortunately the TR1 Aznav Ltd wanted to take profit and exit.
We will now get a nice ride back up as the results are released this month.

Don't do this to me Deanok. I'm starting to get Iron Ore fever!
Not going to sleep much with the excitement of the potential involved!

I expect a delayed reaction re-rate as people digest the news fully and then realise the significant potential for an upward reassessment.

Lol. Very good point Deanok ;) That photo was page 28 of the company presentation.
Bill tried to give us the hint, but people miss it.

I'm getting very excited now. After reading Turner Pope's Research Note, this is looking very significant indeed!

"TPI sees potential for an upward reassessment of its current valuation range"

"Presently touching a decade-long high of c.US$189/tonne, some 15% higher than the US$164/tonne when the note
was published), together with reduced exploration risk being suggested by the positive drill results and assessments detailed in today’s RNS, suggests quite significant potential for an upward reassessment. As such, TPI is now considering whether there is scope not only to reduce the aggressive 60% discount factor that was applied to this analysis (to account for remaining execution, financing and dilution risks) in expectation of being able to declare compliant resources, but also to revisit the prudent valuations apportioned elsewhere amongst the Group’s exciting, albeit earlier stage, prospects. In expectation of continuing heavy news flow, Alien’s share price might continue to anticipate potential for further high-impact results."

= Revaluation & re-rate! :)))))))

https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/d2cb787f-a2a3-218e-68b2-76f444ed4da3/AlienMetals_6_5_2021_FINAL_BGv3.pdf

I agree Deanok. Looks like we have it the motherload at ridge E!

Fig 5 has a Schematic Cross Section of it.

"hole AM21RC001 035 on ridge E intercepted 47m of BIF while hole AM21RC001 024 also on ridge E intersected 44m of BIF so significant intersections have been made and associated results are KEENLY AWAITED"

"Assay results of remaining 36 drill holes expected during the month of May."

Can't wait!

@smiller, the tile of the RNS says it all:
"Initial Drill Results from Hamersley Iron Project confirm Direct Shipping Ore mineralisation
Results include 13m @ 61.5 % Fe from 2m depth"

66m of Banded Iron Formation (BIF) intercepted in hole AM21RC001 027 - results due in coming weeks.

I have a feeling Bill might plan a DSO operation using contractors, and fund it by selling off the Sirius Extension to Brockman Mining who are aggressively buying tenements adjacent to their Sirius Deposit.

The bid to sell keeps ticking up :))))
NOT SELLING A BEAN!!!

NT to buy!

"we believe that our iron ore projects will deliver significant value to shareholders" :)

We received just 17 out of 53 assay results.

The remaining expected in coming weeks.

"Significantly, the majority of assays awaited are from holes which have had significant BIF intercepts, up to 55m
widths and are expected to add significant potential to the project potential."

Now we know why the 1M buys were coming through thick & fast last week!

"66m of Banded Iron Formation (BIF) intercepted in hole AM21RC001 027 with results pending"
I'm very interested in seeing those results!!

Initial Drill Results from Hamersley Iron Project confirm Direct Shipping Ore mineralisation
Results include 13m @ 61.5 % Fe from 2m depth

https://www.rns-pdf.londonstockexchange.com/rns/6971X_1-2021-5-5.pdf

Fenix's total costs of mining and haulage of 490km by road to Geraldton Port plus freight to China is $85/tonne.
At current Iron Ore prices, that's $100/tonne profit!
Absolutely incredible!

With a confirmed resource and plan in place, we will get a significant re-rating.

Hi 944T, sorry I should have mentioned, 1 excavator, 3 trucks and a crushing & screening mobile modular unit is all they have stationed at Fenix's mine.
Their road haulage is done by road trains which they have contracted a JV with Newhaul.

There are lots of road train haulage companies that cover the whole of the Pilbara such as:
https://www.mgmgroup.com.au/
https://www.mlgoz.com.au/app/uploads/2020/09/MLG-Capability-Statement_09.2020.pdf

The economics of doing the high-grade portions of the projects ourselves are just too compelling!
We are talking billions in profit and it's the fastest route to mid-tier.

Hi PaulQ, Yes the 60 day exclusivity agreements started on 10th March, I they will need to announce by Friday.
Hopefully we make a good win-win deal with Wombat Resources.
I see silver hitting it's ATH by time we start selling our first dore silver bar by end of year ;)