RE: just an observation3 Mar 2021 12:13
I monitor loads of miners/explores on Trading View and lots have them have taken a kicking with significant down turns.
All the following have had massive moves up and down. GGP,ECR,EUA,OMI. Then we have BZT never seems to go any where, ALBA a little like BZT in the sun 1p range The first 4 are all gold with I believe GGP still being the best and will produce gold way in front of the others. So why UFO and why now is the major question.
Well here are my thoughts
1 - They differs because they cover 4 different mineral groups, Gold, Silver, Copper, iron ore (DSO) all in high demand.
2 - Cooper and gold already in a JC with Capstone and drilling underway \, lets wait and see.
3 - Silver mines that were all once active and only stopped because silver dived to $4 an once again just need to prove the resources. Several of these mines had a known mineral resource amount which had no where near been met when mining stopped. Silver as been supressed by the markets for some time with many top analysts saying that time is now drawing to an end. With the increased demand for silver within computing, solar and electric vehicles this can only help
4 - DSO Iron Ore Gives me more sleepless nights that any of the above if this comes home its a major game changer. BHP and RIO close by with rail links to the ports. With no processing involved its a case of digging it out moving it to the docks and shipping to where ever. We wait with baited breath. Re read the RNS of the 2nd December
5 - On top of that we have Greenland Zinc and lead but still to be proved
These I my thoughts and opinions and why I have invested heavily with over 7m shares . I try not to get caught up with the daily SP change even though I commented yesterday lol.
People will come and knock the company and the CEO you have to make your own mind up by doing your own research that why I reacted like I did yesterday because it was clear they hadn't and had no idea we had £4m of funding of exploratory works which surprised me even more after when I looked into the poster to see he was actually well known for he's charting. So I shall look forward to his posts.
We have to be patient I know it seems like its taking forever to sort Mexico but we all kind of forget the pandemic at times.
I'm here to let this run and come the end of the year we will re-evaluate or have retired lol.
944T