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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
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Comment by paulindoonon Aug 26, 2010 12:40pm
592 Views
Post# 17386275

RE: RE: take-off

RE: RE: take-offWe all know that with each passing day, the signig of the milling contract becomes a higher probability versus a lower one. One day - dare I say "soon" - that contract will be signed. Then AGQ will join the ranks of being a silver producing company with 100% of our daily operating costs to run the Co getting covered from our share of the returns from the mined ore. And I might add, substantial surplus $'s  to initiate the remaining exploration of the SJ vein. And let's not forget that analysis was conducted with the price of Ag @ $14-$15 range. Do the math & translate that to today's price of over $19.

So yeah, anticipation of concluding the milling contract should wet the appetite of investors looking for a good place to park their money.

Bullboard Posts
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