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This header is a cracker, "AIM catfish of the decade", let's hope so.
Good to hear Rick Rule on gold and silver on the Aliens X account. I know I've got 2 nest eggs, Hanc0ck and Elizabeth Hill. It's no trouble to keep an eye on both iron ore and silver.
BullionVault on Saturday 16th: "Silver in Shanghai today fixed at ¥6322 per gram, the highest Yuan price for the more industrially-useful precious metal when delivered in China, the world's No.1 manufacturing and exporting economy, since August 2020."
I'm happy to see the dollar price at over $25/oz.
It makes sense to ignore the iron ore price spike in 2021 and ignore the media crying doom and gloom every time iron ore drops a few dollars. The 1-year iron ore price chart says the same as the 5-year and 10-year chart: iron ore has been climbing steadily since 2015.
Sorry I don't drop in here often, but the wait for UFO production goes quicker if I don't look too often.
If silver keeps rising and gets to $25/oz I'll be dropping in to celebrate.
Go UFO
I agree HH, the news of higher than hoped price rises in the US has bashed everything from stocks to precious metals to bitcoin. Poor platinum and palladium had picked up a little this morning but they're sorely down now.
Thanks cj and yayay. I agree with you both, I reckon the Native Title is in the bag, and it's a case of dotting 'i's and crossing 't's. (But I still think legal types will drag their feet for a few extra bucks.)
Regarding the next milestone on the way to production, the mining lease: "We believe that the Native Title agreements are in place" . . . This is the only frustrating statement in the interview. Does it mean that only the legal teams know if Native Title is in place? Blooming lawyers.
Good to read the RNS and all your opinions. Glad to have a name to focus on: here's the summary in Directors Talk, 4 August 2023:
"Mr Alwyn Vorster . . . joins the Company as Non-Executive Chairman. Mr Vorster has extensive corporate, marketing and project development experience in the bulk commodities arena, particularly iron ore, having previously held positions as Interim Chief Executive Officer of Hastings Technology Metals (ASX: HAS), Managing Director of BCI Minerals (ASX: BCI) and Managing Director of Iron Ore Holdings, as well as senior roles with Aquila Resources and Rio Tinto Iron Ore."
I miss our outdoor man Bill Brodie Good, but he found this resource which is going to pay out for all of us, and Q1 2025 is only a year away.
Maybe you all saw this last Tuesday: Stockhead quoted Paul Wong and Jacob White (of Sprott) looking ahead to mid 2024. “We expect silver prices to improve, driven by lower interest rates, more robust physical investment, ETF purchases and increased industrial demand . . . With higher volatility than gold, silver has the potential to outperform during the rally phase as it plays catch-up to gold’s price moves."
Imagine if the price of iron ore is strong when Hanc0ck starts producing AND silver takes off at around that time. What a double whammy.
What a grey day. These facts from the Perth Mint might brighten you up:
'The Karratha Queen weighs in at 145 kg and contains about 3,520 oz of silver. The native silver specimen was discovered at the Elizabeth Hill mine in the W Australian Pilbara region. It measures an impressive 85 x 38 x 47 cm."
"Iron ore has rallied to $US145 per tonne, its highest price since April 2022, as optimism builds that China’s economic recovery is gaining momentum" writes the Australian paper Financial Review today, and points to the extra tax dollars the govt is getting from the fast-rising iron ore price.
But what's good for the Oz govt is a price nightmare for the Chinese govt, and we should be ready for a massive boot to come down on the ore price soon. We've seen it before, I hope Aliens can stay cool when it happens
This at last is a better time for miners, not just iron ore but also precious metals, battery metals and cryptocurrency miners. I'm glad it's Jan 2024 and not Jan 2023 or 2022 or 2021. Plus the long-running arguments on this board show me that people are invested and bothered about what happens next.
I"m happy to be here right now.
It's an interesting article Freddy and pointing to an upswing, but it's not guessing at when that will happen.
I don't like the top management change here, but it's the latest in a long line of bumps in the road. There are zero guarantees of profit for tiny companies, I"m just glad we're still here.
Roll on 2024. Happy New Year to All.