RE: Alien Metals has over US$1bn worth of iron ore in the ground at Han****19 Oct 2021 19:49
Economics at Hanc0ck are really strong.
Just 1 year pay back for $30m costs.
$60/t FOB cost.
$60/t profit @ $120/t market price.
1 million tonnes annual production = $60m profit
500,000 tonnes = $30m profit
If market price goes to $150, then $90m profit pa.
In my view UFO will be ripe for TakeOver from either one: RIO, BHP, Fortescue within 6-12 months with an early offer.
MCap just cannot stay low at £28m for long. Should be at multiples, starting with 3.19p previous year intra-day high.