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 mactigeron Jul 29, 2010 12:58pm

425 Views

Post# 17307337

RE: RE: RE: RE: che paso?

140p is a lot, rodbuster. I have some shares of a small UK miner (about GBP 70mil cap) who has had working mining operations in China for a few years now and constantly keeps ramping up production. And their SP never got above 50p, though they are profitable and are sitting on a pile of cash. So, do not get bogged down into the exchange rates etc.
I agree that this one has a rather good potential, the only big issue is whether they will ever start mining???

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