Member Info for Max111

Interesting to hear a battery metals exploration company now highlighting iron ore rock chip samples at 58% Fe.

"An iron ore surprise"

https://www.youtube.com/watch?v=YBpmTHTQoTA

Iron ore has been unloved, but high-grade DSO at surface is the best place to be invested.

*Obvious

Bank of America Oil prices between $60-80 into 2029:

https://www.youtube.com/watch?v=TQfJaHM_ceI

GoldmanSachs Gas prices going down another 50% on the back of the wave of LNG

https://www.youtube.com/watch?v=b97Fd6ux_wI

Low energy prices are great news for miners.

Oblivious now we are not going to see a spike in oil prices, which keeps our costs low.

"THE LINE is progressing at pace 🏗️🚜

Discover how this city is coming together to introduce an entirely new way of living to the world 🌍

#TheLINE #NEOM"

https://twitter.com/NEOM/status/1762039960247341353

Neom is the largest construction project in history & has highest Iron Ore consumption in the world.

The Line is basically 2 skyscrapers taller than the Empire State running parallel to each other for 170km! Just imagine the amount of steel required!

Not steel, iron ore.

The Indian steel mills need the domestic iron ore, so want to ban the export of iron ore to China.

Smaller steelmakers in India are pressing for a ban on exports of iron ore, after a surge in sales to Chinese mills pushed up local prices

https://twitter.com/economics/status/1760917146421407958

A couple years ago they put a 50% tariff on iron ore exports.

They are the world's largest population with an economy growing at around 6% and are planning to double their steel production by 2030, which will leave them short of around 200Mtpa. As Alwyn said it usually takes about 10 years to develop an iron ore mine.

Native Title was granted on 14.12.23.

Mining Lease is coming very soon. Just be positioned. ATB.

IMO waiting on Mining Lease first.Why waste money on people twiddling their thumbs?!

When will the Mining Lease be granted? With Native Title in place, it could be any day now.

@"Not actually an uncle or a Jim", Mining Lease first. Due very soon.

As Alwyn said, "A clear team that the market can associate with & trust to take the company forward, which will be reflected in the share price." ATB

Yes Sinter. This was the strategy before, to have a surprise bonanza announcement when granted.

We just saved on 8 weeks CEO salary, so as a real LTH I appreciate this. Only the non-shareholders or ex-employees would want shareholders to pay people to twiddle their thumbs!

With Alwyn, Mining Plus & Green Values etc, we haven't needed a new CEO yet.

SP hasn't changed that much from when Troy "handed over the reigns" to Alwyn. The sells were just the so-called "large shareholders" now on a negative campaign since they are now out having sold for a fraction of the price they bought and worried about a move up.

Getting very exciting now everything finally coming together.

@"Large shareholder"norm. Growth of AI is bullish for Iron Ore. Microsoft are currently conducting the largest infrastructure buildout humanity has ever seen:

https://twitter.com/elonmusk/status/1726408333781774393

Data Centers, AI needs Power Grids electrifying the world etc etc.

I do find it quite amusing people calling themselves "large shareholders" and come on here with constant negativity just before Hanc0ck gets fully permitted and it all comes together and construction starts.

10-bagger opportunity on just the existing DSO JORC Resource.

Production profile will extend for generations. Only 5% explored.

Good luck with multi-bagging on your AI investing :)

Perth Mint is celebrating its 125th anniversary in 2024:

https://www.youtube.com/watch?v=zzvbyxCgP0s

Nice to see the Karratha Queen, which is one of the largest & most valuable silver nuggets in the world, produced from our mine.

Strategy is playing out. Silver should move up once Hanc0ck is in production. Fantastic :)

Pretty crazy how some people will hold a stock for years and then sell just before the company finally receives the Mining Lease!

@Steveiom, if you haven't figured it out, we are just waiting on the Mining Lease. It could be granted tomorrow or next week.

The longer the SP stuck around here as we get closer, then the more aggressive the rerate when it lands.

Just need to be positioned with the percentage you wish to hold. ATB.

@formerlyeasyp was referring to infrastructure in S.Africa vs Australia.

Anglo can't get the Iron Ore to port due to "rampant cable theft and vandalism"

https://www.reuters.com/markets/commodities/anglos-kumba-iron-ore-plans-cut-490-jobs-rail-crisis-hits-output-2024-02-20/

I posted this before:

South Africa's railways: How thieves have destroyed the network

https://www.bbc.co.uk/news/world-africa-60202570

@Chris2, I've actually never been more confident about my UFO investment.

But you continue to do you. ATB.

@wents, It means UFO can easily now double production (something mentioned in last RNS).

Also Joint Development with MinRes to for Newman Sirius.

@Chris2, I think you have definitely gone over your "10mins per month spend on UFO BB". What do you think?

BTW, the only thing that stands in the way of MinRes starting operations to unlock their Newman 124Mt Sirius deposit @60.3% Fe is the Miscellaneous Licence granted to UFO by WA Dept of Mines.

Therefore, Joint Development deal coming.

Hope you are positioned.

Works begin on Great Northern Highway overtaking lanes between Newman - Port Hedland:

https://www.ownerdriver.com.au/works-begin-on-great-northern-highway-overtaking-lanes/

"Part of a $50 million package of works on the state’s roads, the lanes are included under the federal government’s Great Northern Highway corridor project.

The WA government says it aims to boost the Pilbara’s region mining sector as well as improve road safety for heavy vehicle drivers travelling along the highway."

This is great news for the UFO Hanc0ck project.

@PlunderEurasia, Big difference with Fenix is that they are not explorers. Just developers. They bought the Iron Ridge deposit off Atlas Iron and it now only has 4 years mine life left. They can't extend since it's the size of a postage stamp and very sensitive area next to it. They bought 15Mt from Mt Gibson’s but it's at 58% Fe.

As Alwyn said:

"Only explored about 5% of tenement areas. There are major targets that we have not been able to access due to constraints we had in the past that are now removed.

Get the resources up to 20-30Mt. Great upside potential in the company."

Then add Brockman with estimated exploration target of 233M! Plus Vivash Gorge.

IOCA going to be big. Hanc0ck is just a starter mine.