Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This website is completely messed up. A few minutes ago there was live data coming through without subscription. Not to mention all the other hideous anomalies going on here.
/hanc0ckranges/
Alien doesn't need to do a placing this year. At the end of 2020 and following a placing, they had $5.6 million in cash (£4 million), and a further £86,000 was raised through warrants exercised. Expenditure since then has been mostly drilling at relatively low cost.
Wrong myavian. Alien could be sitting on untold riches at Elizabeth Hills. High concentrations of silver, copper, and nickel are likely, and drilling is ongoing with batches of samples being sent to the labs already.
RE10, results for what? Let's see if you actually know anything about this company.
It's also worth understanding that China always takes extreme measures to cut pollution just before big international events hosted in Beijing, and it's no different with the winter Olympics in February. Once the games are over, they will let steel production rip again and iron ore prices will go through the roof.
One of these days we will get exploration permits for San Celso and Los Campos, then it's game on. Donovan 2 still has many secrets to give up yet - the Los Alomos area around the well wasn't even tested by Teck Resources, and yet it was and still is the main target area. We know there's copper there, but don't yet know how much yet. If that isn't enough, we have all that ground around Elizabeth Hills starting to look interesting and some iron ore almost in the bag. It's also worth bearing in mind that Mexico doesn't present the same weather issues as the Australian summer does.
The key message in the RNS is that drilling will continue with the rig onsite.
China was able to suppress global iron ore prices using a few toothless directives.
https://www.mining.com/iron-ore-price-rises-as-chinas-imports-hit-record/
There are at least 3 big catalysts coming up.
1. Red Setter drilling
2. Cottesloe silver drilling
3. Wishbone gold / copper exploration, Halo etc. (Close to Ravenswood 5moz deposit).
Actually, I did get that figure slightly wrong. It's actually around £4.6 million.
Dec 2020 year end 2.1 mil
Jan 2021 warrants 1.0 mil
May 2021 placing 1.4 mil
July 2021 warrants 0.1 mil
Then there will be admin costs for this year. But not sure if there is any income from gold trading now.
No, WSBN has around £6 million in the bank.
Drilling on Wishbone II soon. Similar geology as nearby 5 moz Ravenswood deposit.
Don't be ridiculous Reggie. RP said 2 months ago that they would drill on Wishbone when the license is approved. If WSBN were drilling randomly like cowboys I wouldn't be here. Good to see a professional approach to exploration.
wentsland, the news is substantial. It's just that people don't realise yet.
Firstly, the statement "drilling later this year" is a generic term used in the report to cover all scenarios. It doesn't mean drilling on red setter will be delayed. The statement was used to cover all exploration planned this year. Secondly, the western Australian mining season is not the same as Queensland. In WA it is usually from April - November due to temperature. Mining operations in Queensland happen all year, but is less predictable due to flash flooding, storms, etc.
Short6, does it matter if the SP rebounds this month or next month?
Slimgizmo, the more it drifts the closer we are to a rebound. The actual lab results will mark a significant milestone for the iron ore project. Then a drill rig for EH and Mexico drilling permits will be see much anticipated progress. This is a time to buy, not sell.
MCap only 26m. Unbelievable.
It's not that. I was in GGP since the early days and on many occasions after excellent results, it took days before people realised what it meant.