Member Info for Pickuzawinnah

Good Lawd, Max (13:52). You might (*might*) be on the verge of ramping there.
Long way to go yet (as HH "umbrellas"), but I think what you describe is actually a likely journey over the next few years.
As ever, I play the negative (lower quartile)side of any valuation for UFO in which case:
80M tons. At £150 per ton. And only 20% on the JV. Equals £2.4Bn. At 20 year production = £120M per year. Minimum.
Just on the iron.

If today's creeping blue sustains despite the sh**storm going on everywhere else, then it's looking like break-out territory.

With apologies to all board members, someone appears to be posting in the wrong thread with a daft predication.
Furthermore, they're advising people on their opinion and then telling you not to follow others' opinions.
And looking only at this week as a trading horizon.
The BB whack-a-mole game continues.

Also, eatstocks - presumably you have read the most recent report from Turner Pope. It's due to be revalued on the basis of A/ recent Hamersley developments - mainly the reduction of the risk discount from 60% down to something better reflecting current levels of confidence that JORC compliance is expected, and B/ the increasing value of the ore itself since the previous valuation (which, itself was published before the EH Tailings announcement so didn't include that value).
https://www.alienmetals.uk/wp-content/uploads/AlienMetals_6_5_2021-TPI-Note-.pdf

Thanks Max - looks like the idea's begun crystallising quite recently. Glad my initial research wasn't overlooking something so significant !

For the benefit of anyone that didn't spend 10 minutes listening to Bill on Vox Markets while washing up this evening (just me ?) here's a few quotes that stood out. For context, there didn't appear to be any negatives in his wording. Bill was his usual cautious self - clearly mindful of what he was saying, recognising it's on the record:
Setting the UFO scene, he said:
"Elizabeth Hill . . . more copper potential, but there's also now nickel, and significantly platinum group elements, platinum, palladium. So, we're very excited and working hard now exploring and adding value to these projects".

The initial Hamersley results:
"We tried to fast-track that . . . managed to get that achieved in quite difficult field conditions ; cyclone season, pretty hot. But the team did fantastically. However, with the huge amount of work going on in the region, the laboratories are just SO overrun. We still are waiting for over 50% of the results, however we felt it was important to update the market . . . so the initial results are extremely encouraging.". Then talked about Hole 6 in particular (over 20m at 60% content) and "several other significant thicknesses of Banded Iron Formation".
He then added "Frustratingly, the majority of the results we're waiting for are from what we feel would be the more exciting geological holes in that programme.". he also explained that they've "managed to do initial drilling on the Sirius extension . . . which again has what we believe will be significant DSO material. Those results we await also".

And finally in reference to working in Western Australia:
"With this surface DSO so close in access to infrastructure - road or rail - there's always the opportunity that going forward if we can identify sufficient material that passes muster, we can start doing what some of our peers like Fenix and Strike Resources are doing and become a small producer."

Have they ever floated the idea of being a small iron ore producer before, and I just overlooked it ? it certainly sounds like that's an avenue they're exploring given the immediacy of infrastructure.

There did seem to be a lot of tacet disapproval the last few days. See wot I did there ?

Haven't tuned into the interview yet (thanks as ever, Max111), but Haddock is right; it's exciting and encouraging, but the real delight will come when we can point to confirmed volumes and quantities. Which will be soon.

"expectations" !! My word, you're a hard taskmaster. Or often disappointed.
Happy if we break 60p in May. It's all upward, and I'm anticipating there may be turbulence as shares churn from the placing.
Once in stickier hands, a more solid foundation, and a more sustained rise. IMO.

I think this just reflects the concurrent nature of UFO's projects, and a couple of tweets reflected wider trends around the price of iron ore. It's all good, but I don't think it's part of a more significant strategy.

One of the things I like here about BOIL is how it makes my other holdings seem stable. Each day is like a surprise gift sent by a mad donor; it usually involves a big number but the surprise is whether there's a plus or minus in front of it.
Sorry, I realise that looks like a veiled criticism; it's not. It means traders can do what they do and investor speculation will be rewarded when the real news comes out. Looking forward to a very good year or two here and having scoured RNSs I'm confident we'll soon be well above .02p on our way to very much higher levels.

Share price this low is like an ex girldfriend asking if you'd like to hook up. You know you shouldn't but it's difficult to resist saying "yeah, let's go".
Clearly oversold, just as it had clearly overshot at 24p. The lower it goes now, the sharper the swing back up on the next RNS (environmentals ? Or just straight to spud ?).
Hold for gold. It is a gold mine, right ?

Ha ha AgentB. I have the exact same dilemma ! We're probably not the only two.
I have effectively left my EUA holding to gather dust; if it happens one day then it happens.
Made a LOT more already on HE1 (because I got into EUA late in the game) and there's a long way to go yet with several ups and downs - something for everyone, trader and investor alike.

What smiller said at 14:34, and what twiceasnice said at 14:42.
Wolfy81 - just so you know, I've nothing against you at all, but I just don't understand why you're almost constantly negative when you're A/ allegedly 6-bagged already and B/ lining up to be potentially 20-bagged (or thereabouts). Not saying you must ramp, of course, but either you believe in the company and can be patient or you don't believe in the company in company in which case sell and save yourself the stress. I guess you and I just have a difference of perspective on these things.
Yes the assays were delayed. It's been the same in several exploration miners from what I can tell. Maybe Bill took the Bronze package from the labs which takes a little longer but costs less - who knows ? lol.

btw, encouraging to see silver prices pushing up. How about those EH Tailings soon after the remaining 36 drill results ? One step at a time.

Now, onto the RNS in a little more detail/opinion/conjecture.
It's not explosive. It's not the multi-bagging RNS from heaven. It is 1/3rd of what we've been waiting for and the results appear to be encouraging in a couple of areas:
Ease of mining - it looks like the ore is easy to reach, reducing cost whether Alien haul it out of the hill themselves, or JV so they can get on with the day job of exploring.
Increased deposits - the RNS states "Drilling confirms new iron ore zone targets in permit area . . . much larger target areas for follow up". No new permits needed, more positives to come.
Reassurance - the publication of progress should reassure investors of A/ progress, and B/ positive outcomes - at least much better than perpetual silence (see ECR Minerals for an example of that).

On the negative side I would point out that the best results from 17 drill holes only highlight 3 at >51.5% DSO. If that trend can be applied to the remaining 36 holes then we can anticipate a further 5 or 6 with the exact stuff we want to see (IE: large bands of DSO that can be easily reached). Alternatively, they do already have all 36 results but have only today published the best of them. To be clear, I genuinely don't believe this to be the case. Conspiracy nutcases are invited to leave the forum.

Market reaction is muted after an initial flurry upward and then immediate retrace. I suspect today's news is the first step on the stairs, and clearly not an elevator to the top of the Empire State Building.
End of May we'll hope to see a second step upwards. If silver breaks $27 and edges to $28 then that would be a third step. Good announcement on the EH Tailings = a fourth step.

A lot of "ifs", but that's the nature of AIM/Mining exploration.

I love how Wolfie and Chris2 have riled up the board with usual negative nonsense (sorry to you both, but it is).
Wolfie you're either a holder as you claim to be, or you're not. Assuming you are holding a reasonable amount and you DO have "a bad gut feeling about this " then sell. For goodness sake sell. Why, if you genuinely believe what you write here, would you continue to hold ? I would actually like to see an answer here with your workings-out.
Chris2, while we're about it, you have been called out numerous times here to provide evidence for your nonsense. You have never once managed to do that. Your voice is empty.

I also love how napthman's posts are duplicated and each of them gets several Recommends.

Two lines from the RNS stand out for me (aside from the excellent technicals):
"The program has also opened new highly prospective areas of the tenement previously not explored and identified prospective further DSO grade potential"
This suggests to me the initial estimates for this site will increase markedly. Just conjecture from me now but let's say this puts the site range from 5-15Mt to 10-25Mt ???
and
"the information we have today gives us great confidence in the potential for the project. With current iron ore prices at multi-year highs, we believe that our iron ore projects will deliver significant value to shareholders as we continue to advance them"
I mean which holder doesn't love a line like that ?

HL showing an 8% rise in the first 10 minutes of the morning. The market likes it.

Great summary shandy - thanks. I'd seen a sequence of sharp drops and saw corresponding RNSs in the timeline. Bought in at 38p simply on the basis of intending for a 50-60% rise and then sell out. But the more I see of the potential, the more I am like Sambar and just thinking this is worth tying up 10% of my portfolio for a year.
Current MCAP/price is a steal compared to where it's likely to be once results inspire investor confidence. Buy when others are fearful, etc.

Ha ha smiller - I was doing a little mental calculation and reached an almost identical figure independently of you.
I'd reached £300M but that was on the basis of 100Mt and a little rounding-down to be on the negative side.

If I had £1 for every time someone arrived on a discussion board with less than 20 posts, to drop a deramping brick in the pond referring to something no-one else has discussed before, I wouldn't need an investment portfolio.

I see BOIL as just a hugely volatile share at the moment. A view of the 6 month chart shows it actually being very stable until mid April then it's been a rodeo bull standing on electrified spikes. Must say I wish I'd bought at this lower price.

Like so many here, rodders, I feel truly sad to read your news.
No words on a bulletin board can ever change the situation from what it is. But I hope you can take with you the warmth and companionship from your community of posters. I wish you and your family the strength to endure and emerge from such an awful thing. Take care of her and yourselves.

I must confess to a less sophisticated method of plotting future probabilities.
Rolls Royce. Sitting around 75p. Some idiot on the board saying "I'll buy when it's 38p". About a month later it broke £1.
Alien Metals. Sitting at 0.9p. A chancer says "It'll get to 0.6p and I'll buy then". A month later it's at 1.2p.
Eqtec. Sitting at 1.8p. Lyndhurst1973 predicts <1p by September. I might book my celebratory dinner in anticipation.