Member Info for Mojolse

Well in fairness , we don't need ramping . Im really impressed with the way Bill is driving this . Great PR , regular updates etc. Id say we are all impressed. It certainly has the feeling of the next best thing. We have 5 excellent plays not to mention Donovan1.
Im happy to purchase more.

There was a post on Twitter with regards to the next GGP & EUA and UFO was not mentioned. I thought it was funny as we are most likely the one that will have that success.

https://www.kitco.com/news/2020-08-26/Gold-silver-bulls-step-in-to-buy-the-dips-amid-price-uptrends.html

All good for UFO

The two key targets in the Han**** Ranges Project are the Sirius Extension prospect, that has previously been drilled by Volta Mining, and the Kalgan Prospect in the north-north-west of the project.

Alien Metals gave an exploration target of between 245mln tonnes (high case) and 74mln tonnes (low case) for three of the targets.

Drilling data was insufficient for a target from BHP 20 and BHP 19, Alien said.

Bill Brodie Good, Alien’s technical director, said he was extremely pleased with the review results.

“The field work undertaken last year replicated the high-grade DSO results previously recorded at the projects; our next objectives are to carry-out further exploration work, including a maiden drilling programme, to convert the exploration targets into JORC resources.”

UFO 51% interest low case is 5 times greater than Fenix and their market cap is 51M Aus dollars.

Have 7.76MT and an IRR of 59%

Our assets are in another class.

eer valuations suggest to substantial upside potential Subject to funding and continued easing of the Pandemic lockdown, maiden drilling could possibly get underway by mid-2021 with a view to converting the exploration targets to a JORC-compliant resource before end-2022. The high opportunity for value creation here is possibly best demonstrated by other, similar quoted high-grade projects in Western Australia. Fenix Resources Limited (ASX:FEX), the 100%-owner of the Iron Ridge (64.2%) deposit, for example, on 4 November 2019 detailed a Feasibility Study that included a maiden Ore Reserve of 7.76Mt at 63.9% Fe producing an estimated pre-tax Internal Rate of Return of 58.9%. Fenix Resources presently has an enterprise value (‘EV’) of A$51.6m.

Looks like our assets are very much undervalued

3720 buys

3711 are sells

Peeps not understanding the significance of that RNS yesterday. It's going to be snapped up for a JV once the drill starts to turn. It's a simple and cheap method of drilling also. DSO in this market is like gold in the iron ore industry. May even get a premium. Super infrastructure on our doorstep.

Sellers become buyers in this market.

Research hold , add on the dips.

San celso & Los Compos should be the next news along with the new tenement of land

We should be looking to break 50 over the next few sessions

No problem, EUA & GGP are standing at 500M caps because of the current climate regarding base metals / minerals. There is now access to finance which is always a key driver , plus commodity prices. Majors are interested in doing JVs with juniors and they are supplying the finance that wasn't there over the last number of years.

UFO is a very undervalued stock in my opinion. Potentially 3 world class mineral bases

1. Silver
2. Copper / Gold
3. Iron Ore

I believe Donovan2 to be a huge coup for the company and its going to be a very valuable asset in the near future. Under 1p is a gift in my opinion.

There will be dilution along the way but not a huge amount.

Take a look at the potential tonnage iron ore. 10M tonnes and 20M tonnes. I'd be very happy to pay out the performance share based on result of that tonnage.
Both mines look set to be world class

A$25,000 non-refundable option fee, which grants Alien a 45-day exclusive option over the Licenses (“Option”); and

(b) Subject to satisfactory due diligence and exercising of the Option, the consideration for acquiring a 51% interest in the Licenses shall be as follows:

i. 200,000,000 UFO shares issued at a Deemed Issue Price of 0.11p;

ii. 66,666,666 share purchase warrants, exercisable at an 80% premium to the Deemed Issue Price;

iii. £100,000 payable 12 months from Completion of the acquisition;

iv. 100,000,000 performance shares, to be issued at the Deemed Issue Price in two tranches upon achievement of the following performance hurdles:

10,000,000 tonne JORC inferred resource at greater than 54% Fe (Hurdle 1); and
20,000,0000 tonne JORC inferred resource at greater than 54% Fe (Hurdle 2).
Additionally, following the exercise of the option, Alien would be required to maintain the Licenses in good standing and sole-fund the first two years of minimum commitments, estimated at A$45,000; thereafter, the parties will fund pro-rata to their respective interests.

Bill is also in the process of aquiring an aditional tenement beside San Celso. Potential for 30M ounces of silver at mouth watering grades.

Remember a bull run is not for trading. Hold , relax and enjoy the ride.

The Donovan 2 project is situated in a flat lying area of mainly crops with excellent access and local infrastructure, located about 45 kilometres south east of Zacatecas.

The value of utilising IP at the project was further confirmed through discussions between Alien Metals and a major base metals mining company who utilise IP as an effective exploration tool in this region for copper and gold exploration in the region.

Clearly shows this VMS asset could potentially end up being a Tier 1 asset

https://www.mexicominingcenter.com/alien-metals-ltd-ip-survey-identifies-multiple-copper-gold-targets-at-donovan-2/amp/

AIM is news and sentiment driven. News at UFO keeps coming. Excellent stuff.

The new cash will be used to finalise drill permitting applications and conduct underground mapping and sampling programs at the San Celso and Los Campos silver projects in Mexico, and will be used to complete the Elizabeth Hill transaction, finalise the compilation of the digital data, update resource modelling and design future work programs for the prospective silver project in Western Australia.

Im the same. Im in at the bottom but ill average up some more. Below 1p will look like a gift in 12 to 24 months time. At 1p its a 10 bagger for me so averaging up below that makes economic sense as I see 1p as a 10 bagger price in the future.

10p here will be a 300M cap. Can't seeehy thats not possible in this bull run.

https://www.mexicominingcenter.com/?amp=1&s=Alien+Metals+

San Celso
Los Compos

News due on the scout reconnaissance any moment now.