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Yes epic volume today. Not bothered about SP swings. With Mining Lease in place, I've never been more confident. Hanc0ck with over US$1bn high-grade DSO is now "Status: Live"!
Lots of news due on both Hanc0ck & Pinderi Hills.
"#UFO geological team at Munni Munni and Elizabeth Hill this week!"
UFO's Pinderi Hills geo consultant was happy to be paid in shares last year after mapping out pegmatites doing a desktop study.
Now they are on the ground, hopefully they can provide some photo evidence of them.
Azure Minerals rocketed to Market Cap $1.6bn and their pegmatites are from Mafic-Ultramafics host rock.
UFO has matching Mafic-Ultramafic intrusions.
See Figure 1 Treasure Map:
https://themarketbull.com.au/2023/10/27/pilbaras-promising-prospects/
I have a feeling we might get some info next week.
WHI "We still see fair value at 2.7p/share."
UFO on Bulletin Board Heroes
https://www.youtube.com/watch?v=SgurfkIFsvw&t=230s
All looking good. Just hold people.
"WHI View: The securing of the mining licence for Hanc0ck is a major milestone and has been well received with the share price reacting positively to the news. If Alien can secure funding, Hanc0ck is a quick to production Direct Shipping Ore project with low capex and opex and a simple business model of dig-crushship, which could be delivering cash flow in the near-term. We will continue to monitor progress as it is reported.
We still see fair value at 2.7p/share."
https://twitter.com/research_tree/status/1781277027070280177
"Alien Metals is pleased to announce the granting of a Mining Lease for its Hanc0ck Iron Ore Project valid until 17 April 2045, providing the security of a 21-year tenure.
Read the full announcement here: https://t.ly/yjn8U
#AlienMetals #IronOre #Hanc0ckProject"
https://twitter.com/AlienMetals/status/1781272480000229650
@Lyndon. I agree with you. Just need to see the appointment of an experienced CEO who has been there and done that with DSO iron ore.
Someone who the market can associate with & trust to take the company forward, which will be reflected in the share price.
In the interview Alwyn did say, after Mining Lease, "Then the ground clearance permits, if all the right steps taken must be procedural. Construction by July/August."
All on track to generate massive FCF.
This should be over 0.30p next week.
alien metals granted mining lease for han**** project in western australia
by the department of mines
https://twitter.com/directors talk/status/1781253795303010375
ALIEN METALS LIMITED LEASE GRANTED – HANC0CK PROJECT
https://www.londonstockexchange.com/news-article/UFO/mining-lease-granted-hanc0ck-project/16431880
Base Metals Like Nickel, Copper, Aluminium & Iron Ore Are At Multi-Month Highs:
https://www.youtube.com/watch?v=vumgqnl361A
...Only less than 5% explored. Huge potential to find another Sirius type deposit.
Geo team are currently at Munni Munni and Elizabeth Hill this week!
Rob Mosig (ex-Helix Resources & Platina - previously brought in Lonmin Plc/Sibanye to invest $20M) has been too quiet.
Capital flows starting to flow back to the commodity sector at just the right time for UFO kicking everything off with the Mining Lease. Going to be a fantastic year for us.
UFO finally obtaining the Mining Lease is definitely a champagne popping moment 🍾
It converts Hanc0ck from dirt in the ground to red gold to cash in.
But what I mean is that there is loads more news to come, especially JVs.
Only
"Previous high grade drill results at #AlienMetals' Elizabeth Hill, demonstrating potential for a high-grade bulk tonne #silver-rich polymetallic orebody. Results include, 52m at 22.6ozt Ag & 19.7m at 102.8ozt #Ag
🚨#UFO geological team at Munni Munni and Elizabeth Hill this week!"🚨
https://twitter.com/AlienMetals/status/1780916312107036842
Also good to know that India's rural steel consumption is only 21kg per capita, whilst global ave is 220kg!
With 1.4bn people in India wanting to live better lives, commodities are only going to go up.
Not enough to go around.
Steel Prices Are Up 8% This Week On Back Of Strong Demand From EV, Infra & Construction:
https://www.youtube.com/watch?v=UPjT21sEg3k
▪️🆙8% This Week!
▪️China #steel exports up 25%
▪️India consumption rising📈
▪️Strong Demand From EV, Infra & Construction
▪️India steel production to double by 2030 to 300Mt.
India only produces 250Mt iron ore & needs 480Mt (takes 1.6tons of iron ore to produce 1 ton of steel).
Therefore, short over 200Mtpa iron ore!
"Silver prices, which are near a three-year high, should remain supported by record industrial usage and a supply deficit, the Silver Institute says"
https://twitter.com/business/status/1780582140096237862
"Silver prices, which are near a three-year high, should remain supported by record industrial usage and a supply deficit, the Silver Institute says"
https://twitter.com/business/status/1780582140096237862
"Silver prices, which are near a three-year high, should remain supported by record industrial usage and a supply deficit, the Silver Institute says"
https://twitter.com/business/status/1780582140096237862