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.

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Alien Metals Ord Shs

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Comment by cigarsailoron Jul 19, 2010 10:57pm

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Post# 17280644

RE: RE: RE: News

I sent an email this morning asking if Arian expected contract mining sometime this quarter. This is the response I received -

"Thank you for your interest. Arian Silver hopes to have the contract as soon as possible."

I received the response within 30 minutes.

I have dealt with a lot of contract negotiations and they do take time. Especially when you consider how many lawyers might be involved...

The stock is a bargain if you take the position that this is a credible play. Since ACA Howe is a good consulting firm with a decent reputation then one has to assume that the Prelim. Economic Assessment Report is credible as well.

I will take a chance and pick up a few more shares and then just let it ride for awhile.