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Alien Metals Ord Shs ASLRF

Alien Metals Ltd is a United Kingdom-based mining exploration and development. The principal activity of the Company and its subsidiaries is the exploration and development of mineral resource assets. It holds a collection of projects within its portfolio, spearheaded by its Hancock DSO (direct shipping ore) iron ore project in which it has a 90% holding, through its 100% owned subsidiary the Iron Ore Company of Australia (IOCA). In addition to this, the IOCA portfolio consists of the Brockman (90%) and Vivash Gorge (100%) iron ore projects both surrounded by tier 1 tenements owned by mining corporates, such as Rio Tinto and FMG. Its Hancock Iron Ore Project is within 20 kilometres (km) of the established regional mining hub of Newman. Its Elizabeth Hill Silver Project is situated approximately 45 km south of Karratha in the Achaean Pilbara Block of the Pilbara Craton. The Munni Munni Project hosts significant PGE mineralization. This includes palladium, platinum, gold, and rhodium.


OTCPK:ASLRF - Post by User

Bullboard Posts
Post by cottager97on Jan 04, 2011 2:11pm
215 Views
Post# 17923215

Wow

WowWhats up with all the panic? Purely a macro economic event..gold/silver down the most in 7 weeks,large cap producers are being hit as well as other juniors ..who knows what the bottom of this pull back is going to be,but the longterm prognosis and the fundementals really haven't changed in my mind and ready to buy should there be more weakness.
Gold - 3% Silver - 5%
Goldcorp - $1.65
Barrick down as well
Juniors...xls -.07,agq -.05,exn -.07

we are not alone in this and sure it will turn the otherway shortly...poor economic numbers are coming soon.
Im still holding with stops in place and probably adding soon
Bullboard Posts