Member Info for Deanok

Mining Elizabeth Hill. 1999 Annual Report pages 5-7.

https://legendmining.com.au/reports/ar1999.pdf

Smiller, sorry for the late reply. The reason for me thinking IOCA goes IPO is in the Transaction Terms of this RNS. Put yourself in Windfield’s shoes. You’d want your 50% uplift?
IMO we get 90% when IOCA goes IPO.

IMO it’s very important to full understand these terms. In particular the 50% uplift part.

https://www.lse.co.uk/rns/UFO/increasing-interest-in-hamersley-iron-ore-to-90-tjlckyjnlajjiew.html

A few questions worth answering:
What % of our valuation do you think is attributable to Hammersley?
How much will Brockman cost to prove up to say 100mt JORC?
Will this be funded by JV, sale of Sirius, Revenue from mining Hanc0ck, IOCA IPO, placing more shares?
If IOCA gets listed on ASX, how much is UFO likely to own?

Do you think our shares price reacts more to Silver or Ironore news?

Totally agree with getting Han**** going asap. I guess it depends on drill results on EH, Brockman and Mexico. If there is something really special in any of those then a 10-20m injection will have a big impact. Hope I’m wrong and it’s way more than that. Need to have another dig into the MinRes archives. From what I’ve seen, they’ve been the busiest for the smaller IO transactions. Redhill/Brockman.
Seems they also need some higher grade ore https://thewest.com.au/business/mining/analysts-raise-discount-price-concerns-for-mineral-resources-iron-ore-c-5463084.amp

Bobby bingo. I calc about 5b shares in a couple months when munni munni, 90% Hammersley and warrants done.
I still see tremendous potential for 4p when Brockman, EH, and Mexico news/results are in full flow this year. Plus a return of sentiment to AIM.
Even more than 4p if the Silver price really rockets.

Sounds crazy low sale price but check out the numbers in this. I’ve posted before.
A$400m for 40% of 820mt at 56%iron. Plus 0.75% FOB royalty.
https://clients3.weblink.com.au/pdf/MIN/02402178.pdf

Interesting to hear what people think we could get for 7mt Sirius? £10-20m is my estimate. Plus a 0.5-1% royalty (that we could also sell). Money is in the mining, not selling. But wtfdik.

Silver golden cross on the way in a few days. Whatever that means...hopefully something special, lots of catching up to do.

Missed it. Any mention of EH remaining assays?

The next agreement could be a big one. Just waiting on the final pieces to come together.

Let’s be honest. Mcap at 1p will soon be approx. 50m. I see 200mcap 4p very close to production. Could be sooner if JV, Stella offtake agreed or Brockman drilling hits masses of DSO.

Bobby bingo. I calculated about the same about 485m
Plus 200m when 90% deal goes through
Plus warrants expiring.

Any more examples of Iron ore asset sales?
1 for starters:
https://clients3.weblink.com.au/pdf/MIN/02402178.pdf

I hope there is no reaction, I fear a negative reaction due to the dilution and the anticipated costs to prove it up. There should be enough positive news with EH and Hammersley to keep our SP moving upwards.

Agreed, they'll soon hold 7-8% of UFO shares. The Munni munni acquisition will follow soon after the listing. It'll be interesting to see the market reaction when the deals complete. 6-700m shares going to be issued over the next few months:
Munni munni acquisitions, 90% Hammersley deal, warrants expiring. Need the news flow to continue.

Mexico - we’re going to be ready soon!

Bring it on… thumbs up from me.

then our share price rockets on anticipation of a JV deal, BBG can get more funding at a much higher price.

If there are multiple companies watching over our shoulder, why would they wait until Brockman Assays are back, then negotiate? It would turn into a bidding war, not what they want. For them, a no lose EA is the best way.

A bit like what AA did with ARCM in Zambia.

…we get a 6 month exclusivity agreement on Hammersley with Han**** Prospecting, Mineral Resources or another big player?
Now, by signing one now, they could get a piece of the Brockman pie if the drill results are good, and can bail out if they don’t meet expectations.
If the results are Good, we sign a deal and watch them drill the nuts off it with much less outlay.

By the end of the EA, the government should also have given them the go-ahead at Port Headland.