Member Info for MisterPositive

Better to change the Thread header.

Prime for move up in 2022. Not going to stay low forver.

Normbeef - like your 300m valuation which is what about 7p something.

I also strongly believe this will touch Double digits in 2022 with regular newsflow from Oz projects.

Too early to start talking about placing in 2022. Let the company use the £7m cash balance first. If we get a JV / BuyOut from the big 3....RIO, BHP, FMG...then forget about any future placing.

Brockman is ex-BHP deposit from back in 1960s.
Drill targets BHP19 and BHP20 i believe are the first ones Alien will be going after.

Again like yesterday they opened it at 0.70 today.
Whats that all about ?

Also BHP - Yandi mine comes to end of like after 30 years and will close in 2023.

BHP will also need to replace all that lost production from Yandi mine closure.

FOB $60/tonne is excellent.
Add shipping costs circa $15. Still a huge profit.

DSO revenue could kick in before 18 months if i understood correctly.

EH/MM - Bill did mention open pit is also an option. They might start from underground first from what they already know. Should get more details on work programme in next RNS hopefully soon.

Strong year ahead. With activity on both EH/MM and iron ore projects.

How much is EH/ MM sitting on...
PGMs / Cu / Nickel / Cobalt / Silver

Forecasts of 3p by end of next year to me seems like some deramping their own investment without even realising it.

I expect Double figures to be hit well before end of next year. 3p or higher could be hit just in Jan 2022 with EH assays due anytime and then Hanc0ck phase 3 drilling results.

80% of worlds PGM supplies come from South Africa, with 68% of that just from 3 companies,
Anglo platinum, Impala, Amplats.

EH/MM in good old safe Australia could emerge as a premier supplier of PGMs with demand to outstrip supplies in coming decade as other mines start to run out of the metal or come to end of life.

Its like buying a house. You secure 100% title to the property first, then you budget for renovation and refurbishment etc.

EH historically been referred to as one of highest grade Silver mines in Oz producing 1m oz at average grade of 2,195 g/t is massive. Previously they never assayed for Ni/Cu/cobalt, etc. So EH is lot more than just a high grade silver mine.

Just listen to 14 Dec 2021 interview, 4 mins onwards. Now for first time they doing it and as per Bill, we know its there, we seen it. Still have to send to labs for assays.

Nickel is over $20,000 / tonne
Cobalt is over $70,000 / tonne

We know PGMs are there also at EH, but never been assayed back in 2000.

Rhodium deficit in 2020 was 84,000 oz which was double that of 2019 causing more than 180% rise hitting peak of $29,800 per troy oz in March 2021.
Rhodium is so rare and needed for catalystic converters together with platinum/ palladium. Even more so now with stricter emissions control standards.

@smiller
You been saying this since day deal was announced, gave away 10% ???....

ALIEN simply paid for 70% Munni Munni in shares. We could have paid all in cash also. But Alien probably got those funds already ringfenced for advancing Hanc0ck, Brockman and EH/MM.

Some simply do not understand the background history of EH/MM and the massive upside.

Best to listen to: 14 Dec 2021 proactive investors interview again to fully appreciate upside.

I rank Bill Brody pretty high 8/10 who has put in lot of effort in transforming the Old "Arian Silver" into Alien Metals acquiring very attractive Oz projects providing the diversity that i look for. Company is now de-risked with lot of activity underway now on both iron ore and EH/MM projects. They raised the funds already, fully funded till end of 2022 and now advancing both key Oz projects.

Some folks keep floating about their own rhetoric about giving away 10% of "future DSO profits" mindset which is totally wrong...

If institutional investors came in and took 10% shares in UFO....then they would also be entitled to 10% of any future profits, just like all of us. You either pay for MM additional 70% ownership in cash or shares upfront. They saved the cash part as it has been earmarked to fast track both DSO projects - Hanc0ck/ Brockman with some funds allocated for EH/MM. More to follow on Munni Munni.

Metalhead25
Great sum up. Agree with that.

2022 is looking very busy on Newsflow from all projects in Oz.

At current low price, it is strong Buy in my books.

Damodubya
Been thinking same since yesterday. Revenue from Hanc0ck iron ore could start coming in sooner than some folks might think.

Company can still carry on drilling on parallel ridges to prove up the near surface DSO and add it on to the shipping contract with client as we go along. Can we not do that?

Maybe others can confirm if this is pssible coz the DSO is almost at surface. So does not take long to get it sent across to Port Hedland.

Thoughts...

Silver en route to breaking $23 ($22.92)
Palladium moving back towards $2,000 ($1940)
Platinum $974 now heading back to $1000

Market will soon appreciate how good Munni Munni deal is.

Its copper, nickel, silver and PGMs.

All of which got a strong upside. Been left behind for a decade when palladium was $250 and lot of deposits were put on hold. Palladium now approaching $1900 after pullback from last year $2400 high. So perfect time to bring your highly prospective deposit online now.

SH
Agree. Yesterday's munni munni RNS was a total surprise for us. Many here were quick on deramping / scaremongering against what was a wonderful news of taking 100% Munni Munni PGMs.

I am interested in what share price we be sitting at in Dec 2022. Company has put in lot of effort in advancing Hanc0ck JORC so far which should increase substantially if as they suspect parallel ridges upto 9km long prove up same quality DSO.

Finally we should see start of work at Brockman which is estimated to be 10 x bigger than Hanc0ck Just initial drilling and sampling at Brockman with good quality DSO would alert our Big neighbours BHP, RIO, Fortescue (Lloyd ex-Fortescue) leading the iron ore projects. Phase 3 at Hanc0ck underway and should provide huge imput towards revised JORC which could be substantially higher than current 10.5 million tonnes current JORC.

Hanc0ck phase 3 underway to prove up those 9km parallel ridges also with JORC 10.5MT already reported and only $60 FOB.

Brockman - work should start also in 2022

Both will come under IOCA -
Iron Ore company of Australia.

Smiller
How can you say hard to find PGM?
Munni Munni 2004 JORC already got 2.2Moz. Since then there has been no drilling by previous owners. Having 100% of both EH and MM, Alien now got aggresive drill programme to reopen EH and follow up that 8km mineralisation strike leading to a revised JORC.

2022 work programme already includes work to be initiated at Brockman as per RNS which is where part of funds raised to cover Hanc0ck also.
So yes we will be active on both fronts.

Smiller.
I would put EH/Munni Munni as one poject coz they are right next to each other. So the drill work programme budget is reduced creating lot of cost savings on expenses.

My allocation of £7m cash in bank would be:
£1m - woking capital buffer
£3m - Hanc0ck
£2m - EH/Munni Munni
£500k - Brockman
£500k - Mexico (subject to permit)

In order to sell Mexico projects to our neighbours, we need to showcase at least some results to create interest. If there are delays in Mexico, then switch that £500k across either EH/MM or Hanc0ck.

I am bit surprised by over reaction from some posters here. Company is still going full steam ahead at Hanc0ck to prove up additional resource. Phase 3 drilling underway. Lloyd our man from Fortescue leading that work programme. Offtake discussions started. DSO is at surface and costs are pretty low.

Just coz we increased our 30% to 100% at Munni Munni, does not mean we abandoned Hanc0ck overnight !!!we still going after Hanc0ck iron ore.

Some seem to wrongly imply as if we going to use all funds on EH and Munni Munni now ???
And lose focus on the Hanc0ck DSO operations. Far from it...you guys need to step back and think again with a cool head what our 2022 drill programme entails.

Mexico - not an issue. yes its drill ready. Nothing wrong with doing little bit of work there to get some assays as a taster for the bigger Players like Fresnillo and others nearby. They might have allocated a bit of £7m cash for Mexico subject to permits coming in. Might be deferred, who knows

We only paying A$250,000 as upfront cash for Munni Munni deal. There is plenty cash in bank.

Bill can focus on EH / Munni Munni
Lloyd is focused to fastrack Hanc0ck

Who knew that "Julimar" was sitting on over 11Moz for over 50-60 years.

Given the urgency to reopen EH after 20 years and especially to convert 30% of Munni Munni to 100% ownership....they must have seen something special OR major trend / mineralisation strike length down there. EH sits at base and Munni Munni surrounds it all around.

Yes, canot wait for 2022 to start. This could go same way as Julimar discovery.