RE: Alien Metals Tweet2 Oct 2024 11:27
Doubt we will see a placing when UFO have cash and new proposals coming in.
Maybe they have been waiting for silver to have a sustained breakout above $30/oz.
Do they have a buyer for it?
If so, it should sell for over $30M (considering Keith N was buying silver in the ground for $10/oz back in 2016 when silver was a lot lower).
Billionaire Mark Creasy could buy it with pocket change (he is now very cash rich after Azure sell to Gina & SQM) just to mine it and add to his silver nugget collection.
If he was wise, he would buy the tailings also off Wombat Ltd and turn that into cash first when silver going a lot higher than $30/oz. No brainer.
Hanc0ck capex is just A$28M (US$19M).
Silver could be the key, or it might be JVs. I have no idea. But option is definitely there and future is very bright for UFO.
We will see. ATB