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

Post by paulindoonon Nov 22, 2010 7:21am

461 Views

Post# 17737516

Newa out & updated evaluation

First of all, a NR out this morning:
Link: https://www.stockhouse.com/pfolio.aspx?frame=/pfolio_V2.asp%3F%26portid%3D232664%26lang%3D
Arian Commences New 10,000m Drilling Programme at San Jose, Mexico

LONDON, ENGLAND, Nov 22, 2010 (Marketwire via COMTEX News Network) --

Arian Silver Corporation ("Arian" or the "Company") (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to announce the commencement of a new 10,000m drill programme at its 100% owned San Jose Property, Zacatecas, Mexico.

The drill programme, which will complement the previous two drilling campaigns, is aimed initially to delineate additional areas of high grade mineralisation and to upgrade existing resources, between the Santa Ana and Guanajuatillo resource areas along the San Jose Vein ("SJV"). The drill programme will also start to explore in detail the SJV system that lies to the west of the village of Guanajuatillo, which collectively accounts for approximately 90% of the known strike length of the SJV system. One drill rig has commenced drilling at San Jose, and a second drill rig will be mobilised and operational shortly.

The previous two drilling campaigns delineated JORC and NI 43-101 compliant resources of approximately 43 million ounces of silver, 120 million pounds of lead and 250 million pounds of zinc within only approximately 10% of the known strike length of the SJV within the concession area.
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In addition, DDD on iii.uk has submitted his update on AGQ eval. There is little that I can add to his excellent analysis so here it is. Note that 1 G(reat)B(rittain)p = Cdn
.0162
AGQ value 70.5p; SP 32.5p
Time for a valuation reminder:

Fair Market Valuation Summary - 2010-Nov-19

Projected fair market stock price for Arian Silver Corporation is C$1.18 (72.4p). The actual closing stock price was C
.495.

https://www.goldminerpulse.com/blogs/arian-silver-valuation.php

Validating it with the equation for 60moz based on XCap's data:
y = 4.1719x - 46.096 where x = spot (assume 27.50) = 68.64

Let's take an average of the two = 70.50p

So at the moment we have a SP of 32.5p or 46% of asset value.

Future:

Let's take a more prudent 150moz reserves vs. 200moz.
Let's also take a prudent $35 silver by next May.
The equation for 150moz using XCap's NPV data is y = 10.426x - 115.31

Using these variables generates a potential value of 249.6p by May. In other words over 7.5 x today's market value.

We have a good chance of finding the 150moz but a lower chance of getting the market to recognise the value. My guess is that we will get another 100p of value with a takeout price of circa 135p. THe rest will be picked up by the acquirer for future exploitation.
DDD