Alien Metals Ord Shs ASLRF

Metals & Mining Industrial Metals & Minerals

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

Alien Metals Ord Shs

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Comment by windson Feb 11, 2008 8:59pm

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Post# 14353967

RE: Guesstimates

10% of the POS at $15 silver,$1.50 worth in the ground,$1.50 x 100m onces silver equivalent = $150m market cap/115m shares = $1.30, as today market cap is $57,5m(115m x $0.50),$57,5/100m = 0,575 market cap/onces of silver equivalent,still room to grow,speculation will move it higher also,reminds me of OK,orko silver....

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