Member Info for Max111

from Goingtomoonufo:
https://twitter.com/Dramigo9/status/1367875601449816066

Hopefully not too long now for results & re-rate.

Have a great weekend Aliens :)

We are currently undervalued. Our minimum downside valuation is £41.5M and our current Mkt Cap is £37M. Just need the results for a re-rate.
A lot of buys going through now. Today is another day when the shares get transferred from the paper hands to strong hands.

Also to understand our Market Cap Valuation, the following is a good article:
Alien Metals' projects worth up to double market cap, suggests broker
https://www.proactiveinvestors.co.uk/companies/news/942312/alien-metals--projects-worth-up-to-double-market-cap-suggests-broker-942312.html

But it should actually be "worth up to triple" since they did not factor in Hamersley's High Case Tonnage estimate of 245M (EWT98 & I posted about this before).

Also they didn't factor in anything about Munni Munni North.
All to play for. Updates soon.

Hi Ping. Welcome to the BB. I’m glad you recognise the fundamentals are strong & the management is keen to reward shareholders. But we don’t necessarily need a revenue stream in order to generate value for shareholders.
UFO is a project generator. We grow shareholder value through exploration.

Eg at the moment we are only valued as having 5M tonnes of Iron Ore at our Hamersley Hanc ock Ranges.
IMO the Hanc ock Ranges drill results out soon will significantly upgrade our resource estimate and we will be re-rated accordingly.
Also our aggressive discount factor of 80% will be reduced once we get the drill results.

We advance early-stage exploration projects up the value curve to a point at which they can attract a JV partner who will then fund & manage the advancement of the project and eventually provide UFO with a revenue stream similar to a royalty.

David Brady: Gold to Bottom Imminently as Yields Peak
https://www.youtube.com/watch?v=LIxSlybbyV0

David Brady rightly predicted the pullback in gold & silver and is now saying the bottom is imminent or already in place. He said we will know in the next few days, weeks at the most.

Last time silver tried to break $30 we traded over 600M shares in just 3 days!

Hopefully, the move up in silver will coincide with our news flow:

Air Mag Survey results.
Hamersley drill results for Hanc ock Ranges.
Drill permits for San Celso & Los Campos. Commence drilling shortly after permits issued.
Results for mapping & sampling at the Nueva Andromeda permit that our full-time senior geologist in Mexico is completed.
Drill permit for Hamersley Brockman and announce a maiden drilling programme for 2000-3000m drilling.
Sampling currently being done at Elizabeth Hill.
Announce a maiden drilling programme for Elizabeth Hill (already have permit for 4,000m drilling).
Donovan 2 drill results due about mid April.

Hotelbed, do you have any evidence that the SP will be going to 0.8p? No, well that makes you a baseless deramper. Bye.

"huge number of sells"??? We have only traded 2.5M shares today.
Also the buys are showing as sells since they are below the mid of the bid-ask spread.

Lol 944Turbo. I’m not going anywhere for many years!
You will notice I haven’t posted as much ever since TP provided their SOTP valuation on UFO.
As we have always been saying, UFO is undervalued. Their minimum downside valuation is £41.5M and our current Mkt Cap is £39M.
But TP are only factoring in 5M tonnes of Iron Ore for the downside valuation at Hanc ock Ranges.

Their previous research note stated, "Importantly, several kilometres of BIF has been identified with high grade ore which bodes well to achieving the Group’s exploration target tonnage target of up to 245 million tonnes, which could potentially even need to be revised upwards following results from drilling that is expected to get underway in Q1 2021.”

Therefore, we just need to wait for the results from drilling.

Yesterday at 16:13 a 1,750,000 sale went through @1.0655p.
It was cancelled then went through. This probably had some effect.

This website does that sometimes.
Sometimes when you post a message, it doesn't show until you or someone else posts a new message.

The mighty Pilbara. Truly amazing.

Bob Moriarty said there is a connection between the Witwatersrand Basin in South Africa and the Pilbara.
40% of all the gold that has ever been mined has come from the Witwatersrand. Australia was apparently connected to South Africa at some point and the geology is similar in Western Australia. Therefore, WA could be an extension of the Witwatersrand.
This bodes very well for new discoveries at our mineral rich 117km2 Munni Munni North Tenement which already has lab certified positive soil samples for:
nickel (Ni), platinum group elements (PGEs), copper (Cu), gold (Au) and silver (Ag).

That's a great looking chart Geng. Very much looking forward to your input on this BB. Thanks.

My final point, is that if we sign any JVs this year, we will get a cash payment. This will reduce the need for a placing.

Also DSO Iron Ore is the easiest thing to mine, so will be the first to generate a cash flow in future. Eg Atlas Iron set up their first mine in a matter of months after drilling:
5min-7mins - https://www.youtube.com/watch?v=xFE1lAPh0g4

Also Turner Pope are not factoring in silver making a big move this year. In fact on the 2nd paragraph they actually said, “silver price could finish the year below its current level.”

IMO silver will make big move this year as the Democratic Blue Wave and Biden administration keep spending with Janet Yellen as Treasury Secretary and Jay Powell at the Fed.
If silver makes a big move, the junior silver miners will go ballistic and so will UFO since it’s the best junior silver play on LSE.

We are currently well funded with over £4M in the bank. But in Q3, or Q4, there will probably be another placing to make a low-cost early-stage exploration acquisition to add to our portfolio of assets, so we can repeat our strategy of bringing them up the value curve an JV them.
Lots of JV’s to sign up this year with our 7 projects so far.

Plus they are using a very aggressive 80% discount factor for Hamersley.
For Elizabeth Hill they are using a 60% discount factor.
Hamersley’s discount factor will be reduced once we get all the drill results.

Alien Metals' projects worth up to double market cap, suggests broker
https://www.proactiveinvestors.co.uk/companies/news/942312/alien-metals--projects-worth-up-to-double-market-cap-suggests-broker-942312.html

Turner Pope’s upside valuation make UFO’s projects worth up to double, but in fact it should be up to triple since they should have used what they stated as the high case tonnes of 245M of Iron Ore (not 150).
Therefore:
245,000,000 x 0.5 Fe = 122,500,000
x£8/t = £980,000,000
x0.2 (to discount 80%) = £196,000,000
x0.51 (our share – 49% Windfield) = £99,960,000
The upside value of Hamersley is considerably higher than what they have entered of £61.2M.
This means there is much more potential.

The SOTP Upside Valuation of UFO should be £121,660,000 not £82.9M.
This makes it worth up to triple, not double!

Wents, you obviously haven't done any research.

Hi Geng, Valuing UFO is like valuing any other commercial asset. Before we used to have a lot of arguments on whether UFO is over or under valued. But Turner Pope have now issued their new SOTP valuation for UFO:
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/fa71d1c4-9a35-43c4-a9e8-8f4c7724f786/AlienMetals_Outlook_25.02.2021.pdf

They have put a minimum downside valuation of £41.5M and the current Mkt Cap is £37M. Therefore, UFO is undervalued.
TP have also been extremely conservative on their valuation. Eg they have only factored in 5M tonnes of Iron Ore for the downside valuation at Hamersley Hanc ock Ranges. IMO the Kalgan target itself at Hanc ock is going to big deposit.
For Elizabeth Hill, they have only factored in 1M oz of silver for the downside valuation when RNS 2/2/21 stated that it has a JORC compliant resource completed by Lana Ltd in 1999 for 4.05M oz silver and only 1M oz was mined. Under 100m is still untested. High potential for secondary or third mineralised systems along strike from the discovered ore body. The old tailings also contain significant amounts of silver.
For Donovan 2 they are only factoring in the transaction value of the deal with Capstone for the downside valuation and are not factoring any potential copper resource.
For San Celso they are only factoring 1M oz silver for the downside valuation, but we know that along with the Nueva Adromeda Permit we just purchased, it has a high-grade silver strike length of 3km!
For Los Campos they are only factoring 1M oz silver for the downside valuation when we know it has pretty much the same system as Endevour Silver’s system.
They have absolutely nothing factored in for our Munni Munni North Tenement which has lab certified positive soil samples for “nickel (Ni), platinum group elements (PGEs), copper (Cu), gold (Au) and silver (Ag).” Also RNS 14/12/20 said it hosts at least two significant mineral deposits.

Yes very busy. Here is just some of the news to look forward to over the next 6 weeks:

Air Mag Survey results.
Hamersley drill results for Hanc ock Ranges.
Drill permits for San Celso & Los Campos. Commence drilling shortly after permits issued.
Results for mapping & sampling at the Nueva Andromeda permit that our full-time senior geologist in Mexico is completed.
Drill permit for Hamersley Brockman and announce a maiden drilling programme for 2000-3000m drilling.
Sampling currently being done at Elizabeth Hill.
Announce a maiden drilling programme for Elizabeth Hill (already have permit for 4,000m drilling).
Donovan 2 drill results due about mid April.