Elephant in the spaceship7 Jun 2021 23:57
The elephant in the spaceship that I haven't seen discussed today is the fact that todays poor 2.5% on such great iron ore results is down to the market not being woken up to Alien Metals being a multi commodity play. The silver tailings that offer a mere £4 million profit in the right circumstances saw a bigger rise if I am correct.
Once the market realises that Alien is indeed sitting on 100s of mega tonnes of direct shipping ore and a JV is in place with a major then the game will change overnight. I used to think we should go it alone but now we own over 90% of the Hammersley project I think a JV with a major would be the better, safer, less upfront cost and quicker option. Bill knows this too and is making sure the iron ore project is nicely wrapped with a bow on top for maximum premium. Its not like Donovan2 which was our first JV we gave up on the cheap (in my honest opinion) to Capstone to get our name on the map and generate some income. Capstone have still done a lot of the leg work at Donovan2.
Hanc0ck, brockman hammersley and the sirus extension are being methodically drilled and a JORC resource will be presented to us and a joint venture partner soon enough... should these things come to light and line up in the way I've put forward I believe the market will then wake up and iron ore would play a big part in the SP. Until then its like a sleeping giant and we haven't got a stick big enough to wake it!!!