Member Info for Max111

I loved Bills last comment about lifting of covid restrictions:
“Encourage other parties and people we are talking to about possible new deals to be more open to getting on with things!”

https://twitter.com/ShareTalkNews/status/1366686006427189249

Page 9 of TP's research note shows that they are only factoring in 5M tonnes for the downside valuation for Hanc ock Ranges:
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/fa71d1c4-9a35-43c4-a9e8-8f4c7724f786/AlienMetals_Outlook_25.02.2021.pdf

Yes I can't wait for the Iron Ore results.
Turner Pope only factored in 5M tonnes into our downside valuation for Han**** Ranges.
Therefore, if we can start to prove up anything over 5M tonnes, it will lead to an increase in our minimum valuation.

We should also get the drill permit for Brockman soon and get an RNS announcing a maiden drilling program there.

Hi BB. Last year we were due to drill Donovan 2 ourselves. In an interview Bill said it would take 3-4 weeks from start of drilling to get the lab certified results.
He said there is a internationally well recognised lab in the Zacatecas area.
The drilling started last Thursday on 25th Feb, so I'm guessing should finish mid March, say 18th.
Then 4 weeks after would be about 15th April.

The commencement of drilling was already known since we had the RNS about it on 13/01/21.
But the key part of today's RNS I liked was that it stated, "We look forward to updating the market as the drilling progresses and watching this project grow quickly into a significant entity."
We will get a re-valuation for Donovan 2 once we get the drill results.

Also most miners have dropped today. SILJ is currently down over 4%.

We are currently on the front Page of Global Mining Review and NS Energy:

https://www.globalminingreview.com/
https://www.globalminingreview.com/exploration-development/01032021/drilling-starts-at-donovan-2-copper-gold-project/

https://www.nsenergybusiness.com/
https://www.nsenergybusiness.com/news/alien-metals-donovan-2-copper-gold-project/

It's effectively a cross-ramp for us, so can't complain :)

Turner Pope's research note stated, "As Alien advances each project, we would revisit our valuations reducing/increasing the exploration stage discount and refining the other factors used. If positive these developments could lead to additional upside to the valuation, or if negative, lead to further downside to the valuation."

The drill results will have an immediate impact to the minimum valuation, since they are currently only factoring in the transaction value of the agreement with Capstone and not eg 10Mt @>1% Copper. Can't wait for the results!

* And for their Upside Valuation they are only factoring in 1moz Au eq. polymetallic deposit.

Cozamin which is very similar has:
Cozamin has a total NI 43-101 complaint mineral reserve estimate of 10.18mt at a grade of 1.79% copper, 41g/t silver,
0.36% zinc and 0.05% lead and a total NI 43-101 compliant mineral resources estimate of 44mt at a grade of 1.22% copper,
41g/t silver, 1.56% zinc and 0.43% lead.

Capstone will be paying us cash payments as they sole fund the Donovan 2 up to completion of a Prefeasibility Study. Therefore the cash payments as part of the agreement are insignificant.
But what will have a real impact on SP and Mkt Cap will be the resource estimate we will get from the drill results next month.
In Turner Pope's Downside Valuation, they only factored in the transaction value of the earn-in agreement.
And for their Upside Valuation they are only factoring in 1M oz of Au.

@BB the company presentation says Donovan 2 is located 24km from Teck Resources San Nicolas Project, which has resource:
• 108Mt @ 1.16%Cu, 1.6%Zn,
0.43g/t Au and 24.5g/t Ag

It's great to finally see recent photos of our projects with drill rigs on sight.
I feel a bit sorry for the farmer growing his crops, but we desperately need the copper for cleaning our planet & EVs.

@ShareTalkNews
are looking to speak with Bill Brodie Good, CEO & Technical Director of #UFO
https://twitter.com/ShareTalkNews/status/1366300567887314944

Hopefully should get an interview soon!!
Bill hopefully might give an indication on the Iron Ore & Air Mag results?

RNS 13/1/21 stated, "Given the location of Donavan 2, near to existing infrastructure and operating mines, if Capstone are successful in identifying a commercial deposit it is well placed for rapid advancement."

All indications so far are that it is a "commercial deposit". So hopefully we get rapid advancement since Copper set to make an ATH!

Tier 1 is when they are large, long life and low cost - high-grade & near surface.

In RNS 13/11/20, Brad Mercer, Senior Vice President of Operations and Exploration, Capstone Mining Corp. commented:
"We review many business opportunities every year but very few meet our high criteria. Donovan 2 has the potential to be a high grade, near surface deposit in a world class mining district."

@Oil RNS 22/10/20 gives you all the details on the incremental payments. But they are not really significant. What will be significant is to get the drill results by end of April to prove that Donovan 2 is a tier 1 asset.
High-grade VMS copper gold systems are very rare.
I'm also very interested to see how much gold there is.

At our Munni Munni North Tenement we have positive soil samples for:
"Nickel (Ni), platinum group elements (PGEs), copper (Cu), gold (Au) and silver (Ag)"

@smiller, When they did the name change in 2018, the chairman at the time Dennis Edmonds said Alien refers to “other” or “unknown”, not extraterrestrial extraction.
The rebranding exposed the adventurous spirit behind the company. He said, “The new name doesn’t say what we do. One reason is we don’t know what we will do.”
https://www.ft.com/content/60e0fe28-ab9d-11e8-94bd-cba20d67390c

The SP on Google just jumped to 1.2p