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I was right that Bill will be working on bringing in another Earn in JV. He mentioned this right in the end few minutes. This is got to be one in AUS. Rio/ BHP welcome on aborad in advance may be or it could be another one in Mexico. No wonder is he rushing to get results and licences at the earliest. All the dots are connected. Happy Friday.
Neil. Switch off for sometime. Over thinking will not help you or increase the SP. This is mining for you. There is nothing wrong with UFO. CEO delivered as promised. There is a lot more to come. Allow some time. Good night and sleep well. Tomorrow is another day.
Alien said the deal allows for the immediate advancement of the Donovan 2 Copper-Gold project while leaving it free to focus on exploration
Alien Metals Ltd (LON:UFO) has agreed on terms of a farm-out deal with Capstone Mining Corp (TSX:CS) for its Donovan 2 copper-gold project in Mexico.
Capstone started due diligence last month as part of an exclusivity agreement and has now firmed that up into a full earn-out deal that contemplates Capstone spending circa US$10mln to earn up to an 80% interest in the project, after which Alien has the option to contribute on a pro-rata basis.
In the first stage, Capstone will take a 65% stake through a cash payment of US$290,000 to Alien over three years plus US$3.6mln of exploration expenditure.
This stake can rise to 75% through a further cash payment of US$200,000 and funding for a preliminary economic assessment and up to 80% for full funding of the PFS.
Alien said the deal allows for the immediate advancement of the Donovan 2 Copper-Gold project while leaving it free to focus on exploration.
In a statement, Bill Brodie Good, Alien Metals’ chief executive, commented: “This transaction sees the potential for considerable expenditure to be invested into Donovan 2 over the next few years as the project progresses through to feasibility studies.
"Importantly, the transaction is in line with the Company's model of unlocking value in its project portfolio; with Capstone overseeing exploration at Donovan 2, the Company's management team can focus its exploration efforts at Hamersley and Elizabeth Hill in Western Australia and commence maiden drilling at Los Campos and San Celso.”
Shares in Alien Metals have been on a tear recently, rising over 1,000% since August on hopes for its exploration portfolio.
Now that we have Capstone JV terms priced it. This just 30% of UFO's project pipeline. Wait for another JV in AUS and assay results. Bill is not sitting idle he is on a hunt for more projects. Imagine you find projects prime them for big players to do the work and you have multiple streams of revenue. This is excellent. Long long long I am on this one.
Thank you Bill. Fantastic deal, happy with the terms. We know you have more projects. He did mention in his recent interview we want to keep feeding all our projects and just not spend everything on Elizabeth hill. And we have a few other projects sitting on the table. Here we go, there are more results and more projects coming to Aliens. Fund wise UFO was doing fine and with this JV, it is FANTASTIC- BOMBASTIC.
As everyone is looking for RNS and the price is dropping. The news will jolt the SP very high. Let this build up. Agree with Max on 4.2% build up. We might get institution position RNS before anything else. Bill will release some info in the two trading days. Mid afternoon the latest on Friday. For newbies keep calm and hold tight.
Dis- when I say Solg. Then I mean this will be. Look at prospects in AUS and Mexico and JVs does this sound like Solg but in the early days. Those who say EUA and compare the timeline are not wrong but remember EUA trading was suspended for a considerable time. Aliens are likely to move fairly quickly. I just hope JV is favourable does not matter how long it takes today or next week. Those in hurry can upset some newbies which we don't want.
Max- As far as I know UFO falls in the mining sector and all the mining big players on the LSE tanked today. Just how silver rises and increases the prospects of mining shares likewise if big mining shares when impacted it impacts the juniors as well to some extent. I don't know why you said good try if you want me to ramp this up and can flood the posts but that will be churning the info already shared by some here. I am interested in fresh info not sea life.
MAX- instead of posting every 5 secs. I would rather spend some time in looking at who I am answering to and what information to add on the board. I don't care who makes what and what the MMS are doing. I care about the company and its future because this adds value to my decision making. Just to let you know that I have been on this board for over a year and just buying and not selling. Go read my post I said this is going to be the next Solg before you were even here. Best not to point fingers. Again for newbies take it easy and go slow.
Shares in UK mining companies tank this morning
https://www.kitco.com/news/2020-10-21/Shares-in-UK-mining-companies-tank-this-morning.html
Saint. From what I have read so far from the conversations below. My opinion is 55k invested means you are not a rookie, I hope. If not, then you know the game well. If I was you I would reduce exposure take some profit and leave the rest in. Remember never fall in love with the share. Your darling is profit. Money and greed is never enough for us humans. Be wise. Good night all.
Wow. 400 plus posts today. Much appreciated. I am only interested in meaningful information about the company. Happy to see PIs have skin in the game. Newbies for you I just one suggestion never read comments on the board and invest always do your own research by reading about the company, their future plans last 10-20 RNS, analyst views and if your not entirely sure but still want to jump on the ship than just buy a small quantity do not try get rich overnight. Consolidate and drip feed your investments. Shares market is huge and opportunities come and go you just need to look for them. If you have bought little expensive at the moment than hold your nerves and take this as a lesson. I am super positive about this share but naturally I will be because I am sitting on 1000% profit and expect a lot of positive news in the coming weeks. I wish everyone a very good luck and expect more research about the company and projects. Let the MMs and shares dealing take care of itself as this discussion will not take us anywhere.
Good morning everyone. Hoping, Monday is cheerful for all of us here.
Those who think the rise cannot be justified. Please look into company's recent RNSs and project pipeline. Still not satisfied? Look at Silver prices also then lets have some meaningful discussion. For newbies and their caretakers, if you are not confident about investing then this is not the place for tutorials. I suggest if you want to stay in this and not get spiked although at these levels its unlikely, then take baby step and make small investments because the upside is likely to be huge than the downside. Please can we move away from pulling trousers and discuss more about the company and its progress and the metal market.
Ste1. Never jump in when there is so much expected on the open. Wait until the auction is over it is very likely that it this will go in auction put a buy order instead. If not wait for it to get into some settlement. Also take baby step this will give you an idea how the sp is behaving. Upside is indeed huge but at times all of us get impatient and get stuck then can't wait to see the recovery. With mining a lot of patience is needed. GL.
https://capstonemining.com/operations/cozamin/default.aspx
Cozamin is a copper-silver underground mine with a surface milling facility, located 3.6 km north-northwest of Zacatecas City in the mineral-rich state of Zacatecas, Mexico.
In 2006, Capstone acquired Cozamin mine for ~$3.5 million and invested under $30 million to bring the mine into production, then two years later, invested an additional ~$20 million to expand the operation. Since then, Cozamin has generated free cash flow at all points of the copper cycle and has delivered over $450 million in cumulative free cash flow (up to December 31, 2019). In 2020, a capital investment of $5 million to debottleneck the underground operation by building a one-way ramp, will unlock 50% more metal output to over 50 million pounds copper and 1.5 million ounces of silver per year by early 2021. The project is currently on schedule for completion in December 2020 and on budget.
Check the link to continue to read also and see where this lies on the Map in Mexico, hence the reason why Capstone is interested in us. It would be interesting to see what JV terms would be.
Although it sounds foolish to start predicting SP. However, my instincts say there could be a rise from 3s staright to 9s and a drop to 8s. I am no chartist . There is plenty in the pipeline gradual release will consolidate. I am not a believer of spikes however, in this case re-rate has been pending from long. GL and DYOR.