Member Info for DRB83

Ggp, jeez, i mean wow. You are so disconnected from ufo its kind of annoyingly funny. You actually know less than I gave you credit for, which wasn't a lot. Here we are, little ufo £20m mcap, one of the highest grade silver deposits in the world and you're banging on about processing 1m tonnes per month. Wow. So disconnected.

You realise, the previous mine churned through 16,000 tonnes in 12 months for 1.2moz. No, clearly not. You realise the Radio Hill processing plant tops out at 400kt per annum. Nope. And you're expecting little old ufo to be churning through 1mt of ore at 1000g/t just to be competitive. Do the maths please. Not sure where you came from today but traders shouldn't try to converse on these boards. They know nada.

Another fine example today that the market is 99% of the time wrong. Apparently, the market and seemingly quite a few unresearched individuals on here wanted and expected more than 3moz. Really, what 10moz, 20moz. Come on. If you'd been keeping pace you would have known they have only sufficiently drilled the modest section directly above the old mine. I was expecting 1moz. 10moz lol, maybe in q4 when we have done another 8000m of drilling but April. Come on guys.

Further q2/3 drilling to the north will help increase the overall oz and once we have infilled the section above the mine we'll have a nice upgrade to the indicated section. In parallel we'll be completing metallurgical testing which will allow feed into a further MRE update in q4 which will then all feed into the scoping study which will become a more bankable document.

The fact that some of yall were expecting 10moz+ on a surprise MRE that landed 6 months ahead of expectations speaks volumes that you don't really understand what is happening at EH.

This isn't 1, 2 miss a few 99, 100. The process to DTM will require ticking each of the 100 boxes.

2.8moz is a great start. We now have numbers to calculate something and with silver set to top $100 and margins looking in excess of 80% the calculations look very compelling. We don't need 100moz this is uber high grade high margin and we are £20m mcap with 2 other solid projects.

Sit back and relax.

A red day wouldn't surprise me, not because the MRE. I think that is very strong for an initial and ERM have been highly conservative in terms of inferred and rightly so at this point. I mentioned when tge trading halt was announced that I was expecting 1moz given the 8000m of drilling still planned before the final MRE update in q4. 2.8m is an excellent start and the margins are ridiculous given the extremely high grade ore we are dealing with. A solid line in the sand with plenty of proving up and extending to come.

Problem is, I fear the market was hoping for 10moz which is also ridiculous for an initial MRE. A red day shows the market just doesn't understand what we are dealing with here. Us early to the show just have to deal with the volatility that that brings.

#wouldmuchratherhave30%ofapositivethan100%ofanegative

Each to there own but happy with the line in the sand set today. Next up, I wonder how MM drill results are looking. Should find out this week.

Nice to see us back at our pre war level. Only now we are a matter of hours away from phase 1 results and hours away from a very curious jorc update at EH. Progress, progress, progress over tge next 6 months.

Sit back and relax.

Catching us by surprise there is BG. Just had to look again at the presentation from just last week showing MRE update expected Q3. I thought, this is well early, then I noticed it says 'final' on the presentation. So this Jorc update could be one of several with the final one coming in q3. GLA. I'm only expecting a small number on this first round as its only the area immediately above the mine that will qualify. I'm saying around 1m oz

annual accounts in june will hopefully shed some light on han****. if we don't hear anything sooner.

slightly different version for me. after spending the first 5 years of my investment trying to unlock han**** whilst letting eh and mm seemingly rot, diluting us shareholders from something like 2bn to 9bn shares, in 2025 the bod finally recognised that going alone was never going to work. 2 great deals later and now the picture has totally changed. we are no longer striving for 100 bags with zero chance of achieving but instead on course to deliver 10-20 bags with a very good chance to deliver.

as a result, the sp went from 0.06 to now 0.14 including 2 placing events, and with a huge potential to get to 1p.

some saw the change and averaged down. some sold up and moved on. some did neither opting to repeatedly blast the company on a daily basis focusing on negatives even when most of the time they just weren't or aren't there.

what matters now is what's coming and in q2 alone we have:

mm phase 1 results

mm 2012 jorc

eh new drilling x 5 for nearly 8000m

eh first results of above

eh metallurgical works

han**** update following may site visit.

all whilst silver has increased from $25 to $80 and still rising.

the case feels compelling to me but only time will prove me right or wrong.

JRDC, you seem to have swung and missed.

Maths usually helps bring reasoning to a debate such as this. So here we go.

By the time WCE are ready to obtain funding, their sp will be way north of 0.5 but let's use 0.5 for prudence. EH is open pit and of DSO quality so no need to purchase a large processing plant. If Radio Hill doesn't come off, we DSO it. We'll lose a bit on the oz price but what's that matter when silver heading over $100. Anyhow, capex will be modest but for prudence let's say $10m or 20m shares. This is assuming we don't strike an off take deal with a large prepayment attached but thats too positive for the trolls so let's keep it prudent. 20m shares take wce to 380m but let's assume they need to raise again for further exploring, so say 400m shares. We have 30.5m shares meaning our holding goes down to 7.6%. Once the silver starts flowing at $100 that 7.6% will be worth 5 times what UFO is worth today.

Keep it simple and do the math before spouting nonsense. Could have guessed, smiller would have your back. #predictable

gurk, probably best you stay on the side lines and leave the investor discussions to the investors.

anyways, q2 will see 5 drilling programs undertaken at eh as well as metallurgical works. hats off to wce, this is the most advancement on eh in decades and its happening right now.

results on phase 1 mm to land anytime with 2012 jorc to land around may. again, the most activity on mm in decades. hats off to gre and gl with the mre.

han**** will unlock soon.

we all had chance to buy in at £12m mcap this last week. i took mine. twice.

i still have dry powder but don't think ill get another chance now at those levels. too much going on over next 6 months to go lower than 0.12 imo. gla

Exactly that Mineral. I hope yall took the chance that was presented to you this last few weeks. Looking forward to a very active q2 and the only thing that I see stifling our flame is a restart of the middle East war. Sit back and relax time.

Bang on Mineral.

hi chris,

i think 100% the eh mining won't happen in 2026. not sure about the funding. given what the next 12 month holds in terms of project value enhancement then any raise in 2027 will be done well north of my new average of 0.17 so im comfortable with that.

current funding + £2m in warrants should cover our han**** exploration needs into 2027 and by then we are hoping to have an increased mre and quite possibly a resolution to the knac objection. i'd like to think our next raise is linked to getting han**** producing this year or early next but time will tell.

for now. couldn't give two hoots what the daily sp does. if it drops below 0.11 i'll average down, if it goes up, i'll enjoy the ride. a very active q2 is about to kick off, starting next week.

I think its the first time I have noticed the tailings being mentioned in the WCE April presentation. Be good for Bruce to manage our expectations as last verbal comments were 'mining in Q4 2026. With scoping study commencing in November 2026, i suspect a DTM will arrive H2 2027.

Still confident the mining will happen, the when is the issue.

whats great is that some people believe mm will be the catalyst to 1p. i personally believe it will be eh but at any point han**** could wake up and surprise us all.

gre phase 1 results mid april. todays release indicate that the mre will not only be updated to modern standards but will grow in size too.

2nd drilling campaign active for wce with any strike of high grade silver making the string of pearls concept more viable. imagine what having a 2nd eh and a 3rd eh underneath the 1st eh would do to the sp. we'll find out come end of june.

by then, we'll hopefully have a resolution to the tenement license objection from knac at han**** and details of next steps beyond the preparation of h2 drilling of iron ore that will be set to commence.

plenty going off. compare this with 2024 when we had nothing happening anywhere.

Not sure there's anything genuine about non-investors who keep plaguing the board by looking back 5 years pulling any negativity they can find and posting it here as if it guarantees what the future holds completely bypassing the fact that UFO 2025 is a completely different beast to UFO 2020.

chris, i am well aware of the risks with my investment. i prefer not to come on here and post about them each and every day.

agreed that criticism or previous bods is justified but the current bod has only been in place a few months. come q3 we'll have 3 projects being drilled, only 3 months from now. come q4, we'll possibly have 3 updated mres. with funds in place into 2027, im not sure what else the bod could do right now. they've laid the plan for 2026 and got the funds in place to implement it. surely its just a case now for investors to sit back and let time do its thing. i get the disgruntled investors of 2020 but in 2026 we are making some real progress. if that isn't enough to give you a little hope then i don't know what is. forget the daily sp. the war is distorting a lot right now. look at this in quarterly buckets and assess how the plan is going then. i am hopeful and certainly wouldn't be surprised if eh and han**** are ready to produce in the next 12 months. now wouldn't that be something.

You're holding because you're hopeful. You're too bitter about it to let it show.

If you'd accepted it you'd be able to move on. Until you do I fear the genuine holders, the positive ones, will just have to endure your bitter negativity until you're definitively proven wrong. Oh well.

you're 100% right smiller. i'm selling up now. :-). you've proper dug yourself a hole these last 5 years. no amount of positive light is going to change your view now. it's set. get out whilst you still can. based on your thoughts, we'll give away han**** and take royalty on the other 2 whilst missing our money up the wall so sell now at 0.1 rather than hold until you lose everything. you're way of thinking is very clear so why stress about what to do. the rest of us are hoping to grow our investment here but not sure which way it will go. you should be comfortable knowing exactly how this is going to pan out.

Also, the vote will come down to independent directors and liz Henson is one of those. She has 16m or so shares i think. Not a lot for a director but enough for her to have our back. Secondly, there is Bennelong who have way more to gain in ufo than they do in wce. Finally, our nomad has moral duties to halt any royalty decision if it seems unjust or corrupt. If they don't they could lose their license.

Lets see how it all unfolds over the next 6 months.