Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Silver horse
At what level do we get your famous words
Loan ranger ;-)
Yes max
Your right there I’m in ggp also
But my bulk investment still with alien
If alien stays suppressed I’ll be adding a bulk here December
Swing trade I know but honest
Good luck space cadets
I don't think we will ever do EH alone , its not really the road map for a explorer . I think Bill will stay in his wheelhouse just JV it out/ get that royality £ . Less stress/work. Perhaps one day if UFO successful and have a number of JV and steady income stream would they look to go it alone in a project for now I think JV makes sense for all projects
Can easily see the possible JV partners or buyers of the Iron. Any thoughts on who might be interested In EH? Would be preferable to have our own funds from selling the Iron and going it alone.
UK Royal Mint Runs Out of Silver Blanks.
https://twitter.com/DunagunKaiser/status/1448728910984794122
Starting to feel like #silversqueeze part2 :)
Thanks guys. Appreciated.
Agree on all points. Silver is poised for a mega run.
UFO one of the cheapest Silver plays.
We don't understand either Mr Positive but the markets are logical :) so when you least expect it ... BOOM
Yep Max - the scoping study must be positive surely, else they wouldn't release a webinar around it surely :-)
Perhaps they've also decided an action plan on the avenue to pursue from those explored (for now) such as if a standalone operation seems most feasible they'll start outlining some plans as they go through a plan to proceed to a PFS study etc.
Of course - still doesn't rule out a JV while they do that on a larger basis coming in - but for now if one isn't to hand and the standalone operation seems feasible, makes sense to proceed on that basis while exploration continues with Phase 3 drilling.
All very exciting with the Oz projects - I do think we need PM's to break out of the slump and also have this sector finally see the rise up in line with where it should be before we see massive sustained gains in the SP here and other peers, but good progress will all help when it all clicks together :-)
And yes, I do wonder if we'll see the same 'action' with the GGP PFS having an announced future date but things seem to be settling down again there and I am sure they will here if repeated, all the usual AIM games lol
Good to have you back on the BB MrPositive :)
There are some investors in UFO who are also invested in GGP. Last Thursday a couple of large sells in order to generate funds to do a swing trade into GGP for the PFS then triggered more sales and move people to try to get on the swing trade. That day 72M shares were traded. I think we saw a bit of that today also.
I think the tech team will have similar success to GGP in searching with new technology of the Air Mag Survey under cover in order to find the source of Elizabeth Hill. They delayed Phase3 drilling at Hanc0ck to do a sudden follow up RC program at EH, so I think they are definitely on to something as the last EH tweet showed.
Yes I have a strong feeling that the Scoping Study will show the economic potential of Hamersley (otherwise why would they announce it in advance and set themselves up to fail). A lot of people are still on the sidelines waiting for the Scoping Study.
Adding at the 78.6% Fib Retrace is buying at the best price for the past 12 months.
Money will flow back very soon as the metals continue to power on. People still don't understand what is about to happen with silver and UFO is the best junior silver play on the London market.
Elizabeth Hill and Han**** both look good.
Further to the maiden JORC compliant inferred resource of 10.4Mt @ 60.4% Fe (including 7.8Mt @ 60.1% Fe at the Sirius Extension target and 2.6Mt @ 61.5% Fe at the Ridges targets), the Company engaged Mining Plus to carry out a follow up Scoping Study on the Han**** Iron Ore Project.
Results of Scoping study due soon.
Been away for a bit from UFO, so not sure why this is sitting below 1p ???
Added some today.
Looks very OVERSOLD.
Max111 - Hopefully EH will have a beast of a ore body like GGP
This should now be the last chance to accumulate at the 78.6% Fib Retrace.
GLA Aliens :)
Difficult to know if Silver will really break out this time or they are just loading it up for yet another smashing.. On the daily chart we are now finally above the 50 day moving average (but really need to close above it) .. personally I think we would need to see Silver back in late $20's or break into $30's for it to have any impact on UFO.. but things do look to be moving.. Key thing is really the Dollar.
2M buy just went through. Buying at the 78.6% Fib Retrace has been the bottom all year. And now silver breakout finally imminent.
I forgot to add that EH is also now in a better jurisdiction of Australia than FRES's mines in Mexico (under current government).
Which is why Keith Neumeyer of First Majestic is now looking at prospects in Australia.
Plus EH is proving to be part of a much larger system and has access to power from the grid, so can rapidly go into production (compared to the other junior miners exploration greenfield/brownfield tenements).
Yes it's all about risk/reward. I prefer more reward, so willing to take more risk since I'm very bullish on silver. But I've done my research on Elizabeth Hill, so I personally see low risk (the silver is actually there). There is no doubt EH will go into production at the current and expected future silver price.
Max UFO & FRES have a totally different risk/reward. Have been in and out of FRES many times and always banked a profit. For that reason holding much more FRES. Would be delighted to make a bigger return on UFO.
@5x5 - sorry I'm so used to pricing in kg where the rest of the market uses oz... clearly my mistake.
Silver juniors show strong correlation with silver. Just need to compare SILJ with Silver on a chart.
But they give you much higher leverage on the metal. Which is why I'm invested here and not in FRES.
It's very difficult for FRES to bag , but UFO did within 3 days of #silversqueeze part1.
This time however, IMO we will break through $30 and head to $50.
"Silver spiked notably between mid March 2020 and mid August 2020 where the price of silver jumped from about $330/oz to $670/oz. In other words the price roughly doubled in just under half a year, making this a "statistically ordinary" spike."
HH - ?? $14 - $30
HH why do you bother posting this? I fell asleep half way through. Keep your post(s) much shorter or don't bother as you're clearly losing appreciation board (bored) wise.
last few words were cut off .. larger than the metals.
I'd just like to repost something I wrote in early in 2021 either on this or another board.
Many silver investors (of which I have been one for over a decade) are noted for being, ermm, how can I put this politely, "passionate about their metal". On a near daily basis so called expert media commentators whip silver bugs in to a frenzy over the smallest price changes in silver, attributable to nothing more than trivial fluctuations in currency values rather than anything fundamental to the wider economy or the metal's supply or demand.
Statistics tell us about the past not the future. However, for those that like to make predictions the following gives us something to think about in terms of how long we may have to wait for a big move up in silver prices. Equally it may enable us to judge any future moves to identify how far they may climb and if they may be deemed to be "extraordinary" in terms of frequency, duration or magnitude.
Precious metals bull markets are rare but long lasting, there only having been two in the last fifty years where both lasted just over a decade. Some consider 2016 as the start of a possible third bull market for precious metals.
Ignoring short term volatility, silver has previously mirrored yet outperformed gold in the later stages of a bull market. This has made silver a good choice for those "late to the gold party". However the more industrial use for silver grows, the more its price may disconnect from gold.
Silver prices are noted for spiking erratically, but what does or doesn't constitute a spike is subjective. Over the last fifty years it is easy to identify at least a dozen events that could be deemed spikes. These have occurred both within bull markets and also within bear markets.
The largest of these spikes moved the price of silver up by over 400% over a 12month period at the end of the 1970's on the back of a period of excessive inflation.
On average (mean) these spikes lifted prices by over 150% though this is skewed by the one extreme spike mentioned above. The median gain on these spikes was about 100%.
The average duration of such a spike is about half a year, occurring on average every four years. Unsurprisingly they tend to be more common in bull markets and less frequent in bear markets, where the average gap between spikes in a bull market is only about two and half years. This suggests a typical bull market may experience at least two or three silver spikes before coming to an end.
Silver spiked notably between mid March 2020 and mid August 2020 where the price of silver jumped from about $330/oz to $670/oz. In other words the price roughly doubled in just under half a year, making this a "statistically ordinary" spike.
Silver miners offer leverage to price moves in the metal, and even silver explores who aren't yet producing can show some correlation. Whilst the extent of this leverage varies, the gains or losses on related equities tend to be far greater than tha
*2022