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Alien Metals Ord Shs ASLRF

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

Bullboard Posts
Comment by paulindoonon Oct 05, 2010 10:31am
438 Views
Post# 17529328

RE: Concentrate

RE: ConcentrateJW has stated that once milling contract was in place then it would take 2 weeks for production to start. I suppose that production could mean that ore was mined, accumulated and maybe even delivered to our rented mill.
 
So with that assertion in mind,  how does one explain yesterday's, albeit minor, selling prior to the "official" Production NR which lowered the SP a bit? Could it be that some do not think the start of production is just around the corner or could it be that a literal translation of "2 weeks" meant to those sellers that there is a problem?

I for one, keep reflecting that it is Mexico that our mine is located in and events/timetables seems to move there at a slower pace than in the rest of Can/UK.

Ag is setting higher high on a continuous basis thanks in part, to fiat money notably US$. I am hanging in for this (exhilirating) ride and will stay in AGQ until some mid tier makes a run at us. Tha will be when the most profit comes about. Sunjammer has posted his "estimate" of that  time frame to be about 2 yrs - at which time if our resourses prove up; AGQ could be trading @ CDN$2. I have no reason to diagree with him. But everyone must do their own DD & reach their own conclussions.
Bullboard Posts