Member Info for cjmorley

$77 x 1,100,000 = $84,700,00 ONE YEAR ONLY

should read

$77 x 1,100,000 = $84,700,000 ONE YEAR ONLY

If we do a quick 'ball park' calculation

Then :-

1,100,000 tons per year

Current spot Fe = $137

Cost estimate $60 pt

$137 - $60 = $77 Profit per ton

$77 x 1,100,000 = $84,700,00 ONE YEAR ONLY

Make any allowance you feel fit for FOB, Fe price fluctuation etc

and you get one hell of a business for years to come.

Then look at our other tenaments :-)

Tacet

September

"To complete the TA update: on the downside,

the probability of 0.115p is still high."

Https://www.londonstockexchange.com/stock/UFO/alien-metals-limited/company-page

57m

I too am some way off break-even,

But I remain confident of a large pay day quite soon :-)

Https://www.karlka.com.au/blog/

Read both meeting detail. 28 and 29 Nov.

The 30th should bring very good news.

Forrest

You may have given Chris2 a heart attack!!

Https://www.reuters.com/markets/commodities/bhp-australia-iron-ore-rail-workers-approve-industrial-action-plans-ballot-2023-10-27/

"In the meantime, giant miner BHP approved industrial action that is set to suspend activity for around 400 train drivers in Australia, potentially capping exports from the country."

https://tradingeconomics.com/commodity/iron-ore

$136.50 pt

up 1.49%

Nice steady rise in Fe

Frankdo

It was an uncrossing trade not a sell

It's a guide only.

I did a test sell earlier and was quoted just above the spread at the time. So, would have shown as a buy

Also the stock has been on 'Periodic' for most of the morning

Iron

$134.5

Does this mean:-

If the SP goes up then it will be higher than before it wrose?

$134.5 pt

+1.51%

Ducks getting nicely aligned.

I think you nay-sayers will br very pleasantly surprised, :-)

If they are over a penny by then. So will I. :-)

Enuffr

You are applying too much science to your analysis.

As Warren Buffet put it "the stock market is a voting machine, not a weighing machine"

Once UFO have a revenue stream (the Holy Grail), The UFO story will be most attractive to the 'herd'.

If I am wrong, you can pile aprobrium upon me at Xmas 2024

PS.

I did forcast .8p by Xmas

Come on, have punt

I did divide by 2