Expertly written HH š
I was half expecting Max to say, āTrust but verifyā. Š“Š¾Š²ŠµŃŃŠ¹, Š½Š¾ ŠæŃŠ¾Š²ŠµŃŃŠ¹
Source
From The Independent (1999):
Claims that one of history's greatest ships could never sink were never made during the Titanic's short lifetime and are a classic example of myth creation, according to a British academic.
Richard Howells, lecturer in communications studies at Leeds University, says in a new book, The Myth of the Titanic, that it was only after the liner had gone down that she was described as being unsinkable.
"As soon as the Titanic sank, everyone decided it was the great unsinkable ship, but it was never, in fact, publicised as being an unsinkable ship," he said.
https://skeptics.stackexchange.com/questions/8807/was-the-titanic-ever-publicised-as-unsinkable
Who knows whoās right, we werenāt there, who cares, who takes Maxās facts as gospel, our profit and losses are all that matters, not strangers integrity.
Keep your chin up Max, if this boat sinks we only have ourselves to blame, if it sails off into the distance to much higher prices, Iāll be thanking Max for his positivity and keeping us entertained on the quiet days.
JV partners will know they can do it for much less than $85.
The below link details FMG differences in C1, Delivered and AISC costs.
https://fiig.com.au/research-and-education/fiig-research-news-item/2016/11/23/fortescue---explaining-the-various-cost-and-price-metrics
FMG now have a C1 cost of $17.54 per wmt.
Alwyn implied our breakeven cost in an interview was ok as Iron Ore ranges between $80 and $150 and supply and demand will be self regulated by price.
Grade is king, DRI the best, Sinter(Klaase) fines around $62+ maybe desirable to mix with lower grade Ore.
5x5 donāt want to post about BVI as get this a lot at work. All I would say is lawyers and accountants earn there corn.
https://www.agplaw.com/set-company-british-virgin-islands-bvi/
5x5 2% NSR.
https://www.alienmetals.uk/2019/12/alien-to-acquire-high-grade-historic-australian-silver-mine/
200m shares @ Ā£0.0014 each.
Lovely Jubbly.
He is a man of action though, remember his Silver and Alien Metals merchandise and you tube videoās. Think he is like me, and sees the operational leverage in our valuation coming from Silver.
Gold Silver price ratio 90, Silver annual production only 8x gold.
Only 4% of annual Silver production is from Oceania, only 33% of this is from Primary Silver deposits, the other third from lead/zinc higher bulk tonnage, and third from Copper/ Gold deposits. Thatās 1.3% of global annual Silver production from primary silver mines in Australia. Where it is said Australia has the most economic Silver resources of any country on earth.
25% of Australian Silver production is refined to Silver metal goes to Japan.
The market hasnāt bothered to assign any value to Alien Metals Silver potential as it has got lost in the communication around the correct strategy in getting immediate cash flow from Iron Ore production.
We seem to have lost our way as a companyā¦.but to me the Crown Jewels from a valuation stand point are the Pinderi Hills tenements. There must be geologists from larger companies that read the below stuff and know what we potentially have when Silver breaks $30.
https://www.mindat.org/loc-212254.html
https://www.ga.gov.au/education/classroom-resources/minerals-energy/australian-mineral-facts/silver
https://www.tandfonline.com/doi/pdf/10.1080/22020586.2019.12073251
https://www.unsw.edu.au/content/dam/pdfs/unsw-adobe-websites/science/bees/aca/research/2022-01-Pilbara_Episodes_2012.pdf
http://legendmining.com.au/wp/wp-content/sharelink/20090515-ecm-5-new-em-anomolies-found-at-elizabeth-hill-87758655349986884.pdf
Thank you Turbo.
Actions speak louder than words. Each poster has a trail in their posting history, some say more in Telegram than they do here. When folks sell and switch from bullish to bearish commenting, it makes sense to be taken as a change in their sentiment only, unless they post undeniable facts.
Problem for us positive shareholders (rampers) is, the RNS āfactsā are often misleading and donāt come true in the timeframes stated. So our posts get undermined also.
When I sell and go away for a year, I donāt post anything at all on the board, I even close my account if I want time away.
We are all entitled to post what we want, I have more respect for shorterās explaining why they think a stock is weak or overpriced, than duplicitous flippers, with schizophrenia in their posting history.
So from time to time I push these overtly transparent subjective deramping posts down the page again with some facts, so they have to work harder for their lower buy back in.
approvals
the key next focus of the company is to secure the grant of the mining lease m 47/1633. granting of this lease by dmirs allows the company to then submit the final regulatory documentation for key approvals that will include:
Ā· mining proposal and closure plan,
Ā· environmental approvals (part iv and v), and
Ā· native vegetation and clearing permits.
the company is cooperating with dmirs on investigations about historical (2021) breaches of regulations regarding heritage and ground disturbance on the han**** project tenements. the company is confident that these breaches, which were self-reported by the company in 2023, will be addressed without significant impacts on the project development planning.
tenement e47/3954
exploration has been extended for 5 years to 19th november 2028. section 67 conversion has been lodged for ages.
m47/1633 transfer was lodged 5th october 2023.
we have no idea how serious the breach was, but the conditions attached to the exploration licence seem procedural, and infringements can be made good.
all disturbances to the surface of the land made as a result of exploration, including costeans, drill pads, grid lines and access tracks, being backfilled and rehabilitated to the satisfaction of the environmental officer, dmirs. backfilling and rehabilitation being required no later than 6 months after excavation unless otherwise approved in writing by the environmental officer, dmirs.
unless the written approval of the environmental officer, dmirs is first obtained, the use of drilling rigs, scrapers, graders, bulldozers, backhoes or other mechanised equipment for surface disturbance or the excavation of costeans is prohibited. following approval, all topsoil being removed ahead of mining operations and separately stockpiled for replacement after backfilling and/or completion of operations.
we have spent a$ 5,921,000 on this tenement that comes out of any project valuation uplift, so windfield will have their say that hanc0ck isnāt sold on the cheap. if potential sale or jv offers are on the table, these offers have been made, knowing the mining licence proposal is pending.
they will also know from the development study, that the project economics are good, and there is a huge scope to increase reserves. maybe the cln rns saying more exploration has been funded is more about grades, as we have better than average grades on current ridges, but grade is king.
https://pearlgulliron.com.au/wp-content/uploads/2021/09/understanding_the_high-grade_iron_ore_market_fastmarkets.pdf
the licence rns will drop when it drops.
My answer was a trick answer, as IOCA own 90% and have to give 50% UPP, so think there is a small possibility that we are slowing proceedings for some reason, with S31 as the other companies tenement approved by KNAC at the same meeting went through in February.
Maybe saying we are negotiating or considering JV's on Hanc0ck in a bluff to AA for some reason.
Think we need JV with PHills to pay for UPP on DTM or BFS.
E&OE as Iām at work and guessing without checking my information resources.
Just spitballing for fun, take nothing I say as more than pure speculation, to tweak more out of other LSE board members.
Yes I thought about the delay to M47/1633 and the S31 being due to IOCA share of JV being less than 50%.
Have no idea, have loads of mad thoughts.
Thought this title was more than a metaphor for Alien Metals.
Iron ore price slump silver lining
https://www.marketindex.com.au/news/iron-ore-price-slump-silver-lining-looming-supply-cuts-to-rebalance-market
peter krauthās book was an ok read, best bit for me was about constructing a junior resources portfolio, his position sizing guidelines were the highlight. most these newsletter writers visit the odd mine once in a while, but most their picks get pumped and dumped to high heaven.
i tried to get jo mazumdar and david smith rip (david morgan aid) into alien metals, think the resources needing proving up further to interest their reader bases. jm did however love han**** prospecting. which is very unusual for anyone to show interest in iron ore producers.
alien metals are trying to market the cause, with the recent interviews and all these x tweets.
just need a few rns š£ to landā¦.
Easiest most liquid Silver play, diversified jurisdictional risk, diversified company risk, no FX charges, and no UK broker extortionate spreads on foreign exchange listed stocks, is UK listed ticker SILG.L.
https://www.globalxetfs.com/funds/sil/
Gives you beta to underlying metal and safety in 22% holding of Wheaton Precious Metals and Royalty Streaming company.
Throw in a little Alien Metals for exposure to already mining and exploration licensed Elizabeth Hill, throw in a joint venture partner with the foresight do things imminently like dewater, do safety compliance improvements to the mine, whilst drilling nearby to find more near surface high grade nuggets and deeper down to find where the resources comes from i.e. Bingo the mother load.
Lovely jubilee!
Already a much happier UFO shareholder just thinking about it!
Was looking for a quick Market Cap chart, this goes back 5 years, to when I bought in for the second time in 2020 after a two doubles in 2014 with AGQ Arian Silver. Capstone, silver squeeze what ever the narrative, it was the Silver that bought me back again for a quick 8x.
https://ycharts.com/companies/ASLRF/market_cap
We have all come at this for different reasons, some are more committed than others, but the past is the past, itās the future that matters.
If you believed in the Silver narrative, buying between 2020 and now, think how many more shares you could buy, the dilution is par for the course, they have been running on fumes for the past couple of years, running around in administrative circles. In that time Silver ranged gathering momentum for the inevitable, we all know whatās coming. Itās just a matter of when.
Legendary resource investors Eric Sprott and Rick Rule, having been to Rickās Silver, Uranium and Royalty Streamer Symposiums and attended rule classrooms, if he believed in Silver developer at 100 market cap and could buy more at less than 10 market cap, we all know what he would do.
IMHO, DYOR and best of luck to all Alien Metal investors past present and future including Chris 2 and Wentsland.
I bet Going to the moon has heard that Bill is coming backā¦..
Alien Metals āJunior Prospect Generatorā has a nice safe ring to it.
In other news, now we suspect we are not producing alone, may as well keep on top of news that affects the sector and circling bigger fish.
https://www.cmcmarkets.com/en-au/analysis/iron-ore
Conclusion
Ultimately, while the recent drop in iron ore prices may seem appealing to investors, evaluating the underlying market factors is key. The future trajectory of companies like Fortescue will be impacted by several critical factors such as the state of the Chinese economy, the valuation of the US dollar, and interest rates. It's essential to remain cautious of the ongoing risk factors, particularly with China's influential presence continuing to loom large over the commodity's outlook.
Massive day today.
Minister Wang Yi Chinese Foreign Minister and Anthony Albanese Australian Prime Minister meet today..
Havenāt posted the link, so the two green boxed trolls will have to find it for themselves, if they can be bothered.
Thanks Max, Turbo, have no interest in conversing with bitter blinkered has-beans they are totally irrelevant to my investment failure or success.
Best of luck to all positive long term holders.
Wonāt take 10 years, think this is getting monetised quickly now.
https://www.erm.com/news/erm-announces-acquisition-of-csa-global/
Expertise includes;
ā Conducting independent evaluations to guide decisions on mergers, acquisitions, due diligence and compliance assessments. ā
Decisions have been taken, no CEO appointment, Alwyn consultancy and on Iron Ore advisory committee with CSA expert. Presume itās due diligence comparing offers, and negotiating with preferred parties to get the best deal for larger shareholders and us plebz.
Rob pitching Munni Munni againā¦..
It is exciting, Iād rather get our share of the value creation over the last 5 years in the next 12 months, so I can move on with life, than sit here pretending Iām going to get dividends for ever.
There are ETFs that give you 5% dividend yields and are seriously undervalued when compared to the US stock market.
Got point about the $248m Max.
Our L47/1063 road land use licence runs to 2/10/44.
Do you have any ideas how long they would need to get through 124m/t and what inferred reserves they have?
Thank you
Thanks Iām looking through your coās RNS now for comparison.