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@Jonesrichard, Stateside? Don't think we're listed there.
I agree Warrants overhang been a anchor here today, but loads cleared.
Palladium now $2380
Indeed, so up 92% stateside, should have really seen a similar rise here today really but sometimes the gravity of a discovery such as this takes a few days to filter through to the wider market so next week should be pretty exciting for the sp! Not sure how many pennies will be seen but should be a good few you would imagine!
Isn't the temporary delay in the bigger rise here likely to be mostly due to the warrant overhang being burnt through? There are 200M warrant shares entered today as per last week's RNS. With about 150M shares sold so far today a sizeable chunk of the over-hang would have burnt through already giving a decent chance of a strong rise tomorrow or possibly Monday when the over-hang is gone.
Give it a day or two trading days and you will see it crossing 1p. This has not even begun.
Normbeef....once the general market gets to hear about UFO and EH.....this'll be like GGP all over again. Investors over there are itching to he over here.
EH silver deposit could be the biggest find in W. Aus.
EH was the site of the largest silver nugget ever found!
https://www.afr.com/politics/giant-silver-nugget-found-20000526-k9em2
The biggest gold or silver nuggets usually come from huge deposits.
Elizabeth Hill will prove to be your fortune.
Its funny.. i dont care about the SP... anyone not excited about this knows nothing about mining .. the small size of this deposit is the key.. these grades in the size of a few football pitches its mind blowing..
Fantastic initial results at EH. Very happy with the progress, and to be so shallow is the icing on the cake.
Been steadily adding since November and happy to hold onto my shares to see how this unfolds.
I think these assays were due on 6th December, so looks like the labs are running around 7 weeks behind.
Agree that seeking JV's to monetise both EH and Hanc0ck will be a further game changer for UFO. The journey is just beginning.
coppeman - We all know under 1p is a serious joke who cares now its going up big time for sure lots of good positive news flow on the cards silverhorse always wins the race - holding 11m shares glad i put my focus in the assets not the share price - well HH do u agree?
22 holes across the Project and the results are from 4 holes The remaining 18 results are expected in the coming weeks. i agree we will shoot over 1.25p this time (third time lucky for silverhorse)
norm I hope so , nothing better for a large silver miner to come in and low cost/ high grades ,, UFO could honestly end up being explorer of the decade if all its projects turn out to be blinders diversified across range of metals . Little more exciting here now. Hope all the long term holders on here since the 3p spike are rewarded for their patience
Amazing drill result. Can't believe this is still sub 1p. Just bought some UFO shares! :)
Hi Smiler.. yep its true its all conjecture.. im only going off the average grade of the 3 drills that are in the RNS.. thats why im not posting the number as its daft...
We know for a fact that the mine has 4000 > 8000 grades at 100 > 150M depth.. from historic JORC and workings..
My point here is that should the averages keep coming at these grades in the shallows, in all the wider areas of drilling to the west of the mine .. then this is going to be biblical for such a tiny area.. nobody can deny that these results point to something very special...
Bonanza is not a word people use lightly in mining.. it really isnt
The 20% rise this morning is from a very depressed base. Any buys under 1p is fantastic value.
1p by end of fri is my call , end of next week 2p
The last placees were happy to pay (a discounted) 0.85p and they didn't have knowledge of today's EH results!
artemis tweeting about lizzy hills result so looking good for munni munni tie up soon
in all seriousness who the hell is even selling any shares till it reaches recent 3p high? Like too much good news and the backdrop of PM moving up/ interest rate hikes march
Goingtomoonufo, I still remember your UFO promo video you did in your garden digging up a 1kg bar of silver.
Well, we've just dug up near surface bonanza silver which is "easily extractable" :)))
Goingtomoonufo. Looks like the spaceship is finally ready to leave the launchpad. I'm waiting for Goingtomarsufo to appear to replace Chris2.
I might be quite studying more about economics. but the way alien metals continue to improve and silver long term future better price why I always love alien metals. bill is our father
norm before I can be bothered working it out what makes you think avg grade will be 4000g , we have very high grade 10m section but that doesn't represent the 150m you implying depth and we don't know width yet . Not to be a downer lol , its hard to calculate anything really until we get an idea of the new ore size in 3D and avg grade I guess.
Well done all. Not invested here (yet) but great results.
I love bill alien metals is number one company
Happy Birthday Stephen!
Congrats to Max for all his hard work and encouragement!!!
GLA, FG