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They don't need to be at all time highs.
As they currently are, we have one hell of a profitable business.
No one has mentioned the continuing fall in Silver so I thought ok let's look at Liithium. Oh dear...
Two years ago its high was 85 per kg, but now it's only around 15. Am I missing something here?
https://www.dailymetalprice.com/metalpricecharts.php?c=li&u=kg&d=240
Oh and the price of Iron Ore...nah can't be bossed as people only post ramptastic comments.
#Heads in sand boys and girls
MinRes Onslow Progress Update
https://www.youtube.com/watch?v=nq-SiyVuyXw
Thankfully UFO will be leveraging on on existing infrastructure with higher-grade DSO from surface.
Onslow is great news for UFO Brockman with est exploration target 233Mt (>US$27bn!) +Vivash Gorge (POW drill permit in place & Heritage Agreement signed).
MinRes allow 3rd party ore on their infrastructure.
+UFO Misc Licence unlocks MinRes 124Mt stranded Sirius deposit at 60.3% Fe.
Now now Yayay... Stay positive :-)
As you reminded me the other day. At our age we can claim to be closer to God than most posters !!!
Well, cj, no Thursday RNS, so far at least.
Thank God, no good news! We want the sp to go up, not down. :)
"#ERW has entered into a Joint Venture agreement with @AlienMetals, located within an emerging world class lithium precinct in the West Pilbara.
#ASXmarket #pilbara #exploration $ERW
#ASXmarket #exploration #lithium #pegmatites $ERW"
https://twitter.com/errawarra/status/1785847984250290179
Https://www.karlka.com.au/employment-native-title-paralegal/
More key staff required.
Iron ore up 5.68% yesterday $117.2 pt
A good time perhaps?
Flatliner go do one, your the only one here hoping the SP goes lower
Is this thing going to be online to watch or being recorded?
Not long now to fresh all time lows and more dilution.
Placing around 0.06 to attract new investment would be a smart move for the company giving placees a chance of making some money.
Maybe Upside will have a fly over to see what's happening with the road.
I am disappointed that the off take agreements and financials weren't already decided in anticipation of the mining permission. I am hopeful of progress news very soon
Very reasonable Wents waiting it out until September. Personally the key will be road construction started as they have stated by July/August, if this does not happen then I'd happily take a hit. Plenty of time between now and then but given all the promises to date and timeframes in place for shipping first quarter next year, none of that will happen without the road being built. Without that road construction starting everything else goes out the window.
@wents .. me too .. UFO have no more room to delay things .. they have the license now ..
So will we all Wents :-)
Fair point Norm
I shall wait patiently for now,but if by September of this year we have not got a clear and precise path to production with funding all agreed, I will be very disillusioned 😒
Amazing potential Norm, and highly volatile means the gains can be Huge. They just need to get things right when the market is willing to appreciate it.
@Wents / Devil .. UFO has potentially a grizzly bear of a portfolio.. we have most in demand metals in some form or other.. Whats been interesting is that when Iron went for a Burton.. the Silver / PGM's went up.. If you think about it UFO is hedged from all sides .. if we add Lithium and maybe copper and nickel etc.. then there's not too much missing..
Sunlit uplands of the 2.7p price target.. Hanc0ck is the key to that.. all this other stuff might be good but its a sideshow for now
Alien Metals and Errawarra Resources form JV for Pinderi Hills Lithium Exploration in WA
https://twitter.com/Directors Talk/status/1785659453217681498
Nah, SP is cheap.
We've just had an rns Max as was expected prior to the non discussions that Alien have helped to sponsor. Anymore rns this week, unless it's a buyout at 20x current sp or a JV worth millions then the sp will be crucified.
RNS Thurs would be nice :)
I think thats enough to safely say that UFO is undervalued having alot more strings to it's bow with it's other tenaments.
Strike Resources got my attention today. Lithium Sale News, however they recently sold Paulsons East for A$20m
https://clients3.weblink.com.au/pdf/SRK/02782896.pdf
Here's a little bit more detail on it's size and grade.
https://clients3.weblink.com.au/pdf/SRK/02767176.pdf
Old news, but just in case you missed it.