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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
Bullboard Posts
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(2)
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Post by martinboyon May 31, 2010 11:25am
435 Views
Post# 17143195

500 tpd = 0 cent profit ?

500 tpd = 0 cent profit ?What is wrong in the below math with Arian production ?

500 tpd with a grade of 2 oz (around 63 gramms) per tone (which is HUGE).
Means 1000 oz per day.
Per months 25 days * 1000 oz = 25.000 oz (it is probably much less days / month on average).
Let say 10 usd / oz - profit.

It makes 25k oz * 10 $ = 250.000 usd (or 750.000 usd per quarter).
This is just a fraction of not even a full one cent per shares ?

Means almost no profit - even starting with 500 tpd ?
Any comments on the above ?


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities