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@ "Large shareholder" Norm. Do some research.
Elizabeth Hill:
"Alien has erected headframes over both existing shafts and has purchased necessary equipment for dewatering, camp construction and mine re-opening"
Last RNS:
"Considering various longer-term financing options, including continued discussions with strategic partners regarding offtake funding, debt, and equity project funding in connection with the Hanc0ck Project and the Pinderi Hills PGM, silver and base metals project; and
Actively exploring the potential for the sale or joint venture of non-core assets providing further funding for the Company."
"Rob's in-depth knowledge of Western Australia, and in particular the Munni Munni platinum group metals and Elizabeth Hills Silver projects will be invaluable as the Company examines options to unlock the value of the projects."
Hanc0ck:
"It is our objective to unlock the value of the Hanc0ck iron ore project, where we have recently received positive interest from potential joint venture partners following the results of the Development Study."
Silver + PGMs are commodities that smart money is now sniffing around for. Ask Rick Rule ;)
Nice one Dickie. I'm most glad that you out of all the posters here managed to pick up shares at the bottom.
I'll be looking forward to welcome the fake shareholders here (ie the ones that say they hold but have an agenda and can only post negatively) as real shareholders once SP shoots past half a penny after JVs signed for Hanc0ck & Pinderi Hills.
@Steveiom. Fully permitted by June. Mobilise & start construction July/August. Having seen the timeframe of mobilisation to production for others, there is actually a buffer in there.
Mining Lease coming soon. ATB.
Chris2 said:
"I said on 13th January this company will be wound up.
I said on the 24th January this company will be wound up.
I said on 6th March this company will be wound up.
Looks like it is getting closer by the day."
Instead UFO gets Funding Facility of up to A$2 million to push ahead!
@Chris2, Read the last RNS: "Actively exploring the potential for the sale or joint venture of non-core assets providing further funding for the Company."
Higher silver price means Elizabeth Hill (which currently has zero value in the Market Cap) will be worth more.
Mining Plus's Development Study stated AISC including Freight & Royalties = $123.1/t AUD (US$80.89/t at current exchange rate).
Plenty of buffer here with Hanc0ck (largest sealed road from Newman to largest port).
Plus they will use hedging to weather any periods below AISC.
The smaller iron ore juniors in Australia that had to shut were travelling distances of 650km, 750km & 800km etc.
In China due to their low-grade and need for beneficiation, the marginal producers have costs of $100/t. This is why Alwyn was saying $100/t is the swing point. If it dips below, it will then swing back up.
Plus as Alwyn was saying plenty of scope to reduce AISC with economies of scale.
Looking forward to the JV news. Hopefully with MinRes next door that need to unlock their Sirius deposit :)
"Been saying for 11 weeks that #gold has a blue mega breakout.
#silver is now trying to break out.
If one only look at weekly or monthly charts right now,
silver is still below blue line. But, it is breaking out here on quarterly.
Always know the very big picture."
https://twitter.com/graddhybpc/status/1769676759652323563
"Been saying for 11 weeks that #gold has a blue mega breakout.
#silver is now trying to break out.
If one only look at weekly or monthly charts right now,
silver is still below blue line. But, it is breaking out here on quarterly.
Always know the very big picture."
https://twitter.com/graddhybpc/status/1769676759652323563
Good to see Scott & Michael liking UFO's LinkedIn post today:
https://www.linkedin.com/company/alienmetals/posts/?feedView=all
Looking forward to real news without any placing churn to clear. We will see very aggressive re-rates. We will also see all the trolls yapping from the sidelines as they watch UFO's 2020-style uptrend.
Have a nice weekend all. Chat Monday :)
Yes exactly. You will notice it's actually just the shorter trolls that are upset with UFO securing $2M funding to push ahead since no new placing shares hitting the market before re-rates.
Shorter trolls make a living out of this unfortunately, sitting begging for discounted placings.
Same assets. Now we got $2M to push ahead. Looking forward to a 2020-style uptrend with hopefully silver breaking out past $30/oz this time.
Wait to buy shares when the placing shares come on the market next week before re-rating news.
Oh hold on a minute, there are no new shares coming onto the market before re-rating news.
No placing churn lasting months with short-term placing flippers.
Shareholders will now be benefiting from the re-rates, JV/Asset sale without dilution.
Shorters will get caught short.
$2M cash injection with zero shares added to the market and significant re-rating news incl Mining Lease & JV etc.
Plus new Director Rob (ex Helix Resources that originally brought in Lonmin/Sibanye) going to start showcasing Elizabeth Hill & Munni Munni. Fantastic :)
Shorters:
"Glue your butt to the seat because you will need it
#Silver"
https://twitter.com/TheLastDegree/status/1768645123280154861
@theannoyingdevil. They now have the cash to push ahead with the Development Study plan. Just needed the cash. Now injected with $2M. Plus now have interest from JV partners (as per today's RNS). Hopefully MinRes to unlock their Sirius deposit?
I'm actually very excited we now have Rob on board.
They had previously spent over $20M on the Munni Munni PGM & Gold project and has a current in situ value of US$2.8bn!
I remember Bill saying in a presentation they did a PFS on it when Palladium was $500/oz. Today it's $1,120/oz and going higher.
But Munni Munni had tenement disputes going back decades. Now whole region is 100% consolidated including Munni Munni North & Elizabeth Hill. All ready for JV.
Looking forward to JV news for Hanc0ck, Munni Munni & Elizabeth Hills :)
"Are we on the cusp of an epic 8 year run for #silver and #palladium?
I'll let this chart help you make up your mind..."
https://twitter.com/badcharts1/status/1768598139521376742
Good to know UFO 100% own Australia's highest-grade silver mine + 1 of Australia's largest high-grade Primary Palladium & Platinum deposits.
Perfect timing to bring in Rob:
"Rob was the founding Managing Director of Helix Resources Limited from 1986 to 2006 and the Managing Director of Platina Resources Limited from 2006 to 2018. Rob was instrumental in introducing Lonmin plc, a major platinum and palladium producer as a joint venture partner in the Munni Munni project in the late 1990's.
Rob's in-depth knowledge of Western Australia, and in particular the Munni Munni platinum group metals and Elizabeth Hills Silver projects will be invaluable as the Company examines options to unlock the value of the projects."
AA still there & term sheets from interested parties also. Now plenty of breathing space for re-rates:
"The Company has made significant progress on the Hanc0ck Project and is currently in discussion with various parties regarding the required development funding. In the interim, the technical team will focus on securing all relevant approvals required for mining at the same time assessing strategies with the Company's technical experts to increase the existing resources and reserves which is expected to significantly increase the value of the project."
Also: "We have recently received positive interest from potential joint venture partners following the results of the Development Study."
MinRes will definitely want to unlock their stranded 124Mt Sirius deposit @60.3% Fe. Very much looking forward to news on this :)