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I guess it's better than drilling a few holes in areas with no known resources. Surely.
We found it, we have it. We are in the right place. We drill to ascertain the size and quality of resource with which we are well on the way with Han****. It's all part of the process that all 3000 explorers have to go through.
Many won't have found anything yet. Many will know they have something but no where near knowing what and how much.
Many will have 1 project some will have 2 only a few will have several.
Many will be in highly unstable political countries.
Many will have low grades, some will have good grades, few will have excellent.
Some will have majors located right next door, many will be all alone.
Most won't have high grade DSO iron, silver, copper, zinc and gold. Many will have one or the other.
Many will be right at the start of their journey, some will have derisked significantly.
Many will have £300k in the bank with very little prospects of raising further, some will have millions in the bank with proven JORC resources for leverage.
Many will find it very difficult to find a suitable JV, some not so.
Yes, there are many explorers out there but all are on differing parts of the journey with very different fundamentals and risk levels. Our job as investors is to pick the right ones based on our risk appetite. Based on the above I have picked UFO. If it isn't for you then pick another one.
Chris. Pointless highlighting such a decline in market confidence to those invested. Human instinct kicks in and no one like to confess they git it nightly wrong, but it's their money, their investment to do as they wish and Beverley at some point there will be a spike on rumour, hype to 1.25 so there will be some peeps reducing losses and some traders making a few quid so not all bad
We all know Rio is the obvious choice for the iron. What's the logic behind Glencore for EH, apart from the fact they have many JV's?
@chris2 are you on all 3000 other junior explorers lse boards putting down those companies aswell then or you just chosen UFO?
For EH we could see Glencore as coming in.
UFO is a multi-bagger in a big way. Just need to let it all work out. Company has put in lot of hard work and timing is right with next Commodities super cycle for us to enjoy those once in a lifetime rewards if you select the right company. All about stock picking after doing your own research and due diligence.
Lol
hi Chris thought you would of brought in the other week at your price . UfO have drilled the 6 planned and are half way through the other 17 extra holes. Not just a few as from what I understand a few is 3-5 not 17
https://youtu.be/9iP51ktAppo
Silver symposium chat for you max/others
Chris2, so you still haven't bought!? And you still haven't answered my questions.
To mine the silver ore body at Elizabeth Hill is very easy due to its super high-grade.
The previous owners used basic methods. Simple milling & processing and left behind 16,000 tonnes of tailings. But then had to stop since silver was around $4/oz.
https://www.youtube.com/watch?v=GyQ4JB-p8fQ
3/4 of the ore body is still there and the recent QA/QC holes validated the historic data. Then after test holes around the halo, the suddenly decided to do a follow up drill programme. You will soon find out why.
I post information regarding silver precisely for the reason that high-grade silver deposits are rare and UFO is the only junior silver play on the London market. And thankfully it's in the fantastic mining jurisdiction of Australia.
Jim Rogers advised to invest where there are shortages. You will soon find out once the paper silver market breaks how far silver will shoot up with the investment fervour that comes with it. Bye again for now.
Max111…..They are drilling a few holes in the ground.
They haven’t exactly got a silver mine up and running.
You are talking years for that to happen.
You just scour the internet for anything you can find connected with silver and then link it to UFO so you can ramp it.
Don’t you realise you only have about half a dozen followers who are gullible enough to hang on to your every word.
Sad really.
More confirmation of a silver blanks shortage
https://twitter.com/WallStreetSilv/status/1449072654879760390
With a shortage of all raw materials, COMEX won't be able to keep up the paper charade for much longer.
Then the silver space will go really nuts again.
After some basic milling & leaching they sell it on as a black concentrate and Karratha is very close to the port
https://www.alienmetals.uk/wp-content/uploads/191204_figure1-1024x879.jpg
Nearly 1000 miles away!
Biggest companies in the Copper, Silver, Lead and Zinc Smelting and Refining industry in Australia
The companies holding the largest market share in the Copper, Silver, Lead and Zinc Smelting and Refining in Australia industry include Sun Metals Holdings Limited, Glencore Holdings Pty Limited, Nyrstar Australia Pty Ltd and BHP Group Limited.
Couldn't find a silver smelter in the area, wonder where the previous owners of EH had theirs refined?
i remember seeing that the $$ signs made me laugh
Found it:
https://twitter.com/AlienMetals/status/1357122435745804288
"Thats amazing core you can see the #Copper. Cobalt grades have got to be some of the highest in Australia. Buyers of copper and #cobalt will be interested in this new source of supply #Glencore"
Our XRF results were showing 5% copper with visible copper in the core also.
Copper deposits are becoming very rare and the Chinese have been knocking on anyone's door who has a large deposit.
I'm sure Glencore would be interested in our & Artemis's soon as we prove it up and would make sense to buy out both.
Yes it was early this year
when was that a while ago?
I remember Alien Metals doing a reply tweet on Artemis's tweet of grades of copper & cobalt and then putting "#Glencore" at end of tweet.
@5x5
not sure i know Artemis have a load of land around us but, think they are tied up next to Havieron at the mo.
Repeating a question posted yesterday - Who would be a possible JV partner for EH?
UFO =This is a sleeping giant -newly emerging power Alien metals.
@MisterPositive hopefully see a lot more interest coming in, if the silver price start to more up more, we seem to be lagging the main market silver spot price
Hi lyndon69 - GGP =A fraction of a fraction of the ice berg is 0.10% so the rest of the ore body/Havieron = 99.90% the resources update is going to be spectacular !
Yes. There is lot of talk around for a major Silver squeeze. Silver been left behind and did not really participate in the commodities rally like, iron ore, Gold, Palladium, Nickel etc. At some point very soon commodities traders focus will move to Silver as last commodity to rally.
$40 - $50 silver would be good but i am hearing potential $90 ? Would be nice indeed. Lets see.
Just like some Option traders are betting on $200 oil by Dec 2022.