Member Info for Max111

37M buy @0.28p. Wolfy was that yours?

@Unclejim, so why don't you filter me like you said you would do? LOL

@Wents, the only time the company will pay me will be in dividends. Cashing in DSO at surface, 1:1 Strip Ratio. 8 year mine extending out to several decades.

A lot of people need to buy back in. GL :)

@Unclejim (who said his name is not actually Jim and he is not an uncle)

Firstly I thought you said you were going to filter me. Interesting you see me as a threat when you say you are a "LTH". LOL

You were spouting the same BS and giving me abuse when the SP at the low.

The fact that it's just non-shareholders replying to my post, shows they have all sold and will need to buy back in.

Let us know when you have bought back in :)

The the people on this thread have just proven they have sold. Take advantage of it.

UFO funded through to FID.

Troy gets "20,000,000 Performance Rights vesting on Hanc0ck Project securing a full funding solution for development up to first production."

Steel mills are knocking on the door and as Vale CEO stated, "Supply is truly tight. No supply coming."

Let us know when you guys buy back in :)

Directors Talk Tweet:

Australia’s Pinderi Hills region reveals rich resources

https://twitter.com/Directors Talk/status/1737090414858101072 (need to delete space to make link work).

@Wolfy, so the fact you say you are not selling means you think the SP will go up.

The 65m transaction before caused the SP to go up, not down.

The people that are selling are called traders. You do realise it's not just theannoyingdevil guy who pops in here now and again to trade.

Thursday RNS IMO.

Yes 2p sound ok, for now.

@Wolfy, UFO funded through to FID.

Troy gets "20,000,000 Performance Rights vesting on Hanc0ck Project securing a full funding solution for development up to first production."

It's not difficult when steel mills are knocking on the door and as Vale CEO stated, "Supply is truly tight. No supply coming."

@Wolfy, since you say you are still a shareholder, what price are you looking to sell your shares?

@Wolfy. Was it you? Did you sell your shares? Be honest.

Troy continuing to execute the plan. Explorer to producer 🦾

Arrival of reclaimer at the Port of Ashburton:

https://www.youtube.com/watch?v=_41f17YrgKs

It will average 8,000 tonnes per hour.

Brockman (est target 233Mt) & Vivash are closer to Onslow. RNS 24/10/22 mentioned these are in discussions with strategic partners.

Min Res allow 3rd Party ore on all their infrastructure.

Game-changer for Brockman & Vivash once Onslow opens.

Electric Trucks are actually perfect for UFO since they have Regenerative braking.

Every time you press the brake, you are putting electricity back in the battery.

The Great Northern Highway goes down to Port Hedland.

Therefore, you are charging for free down slopes instead of wearing down the brakes & engine in low gear with heavy load behind.

This is the concept behind Fortescue's Infinity Train (charges on way down to port with heavy load, then uses battery going back to the mine with empty rail carts).

With automated battery swap stations (that can be installed within just 24 hours) the business is unbeatable with UFO's direct access to the Northern Highway.

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

Plus with electric trucks they need a lot less servicing. No oil/filter changes etc. Therefore, less downtime getting serviced.

Yes, I'm thinking a couple years down the line.

Automated battery swap stations are a game-changer though.

Especially for Australian bulk haulage. Australia is the only country in the world that uses road trains.

RNS 23 August 2023 stated, "REGROUP has set the goal of becoming carbon neutral via the use of a fully battery-powered fleet."

Check out automated battery swap stations for electric trucks

https://www.youtube.com/watch?v=yq1AKK0L2PY

Geely and others are rolling them out.

Easier & quicker than going through a carwash!

They will cut UFO's fuel cost in in future by more than half.

Just imagine what that will do for the Opex in future!

Technology changes everything, but relies heavily on Iron Ore.

The International Monetary Fund last month revised upward its growth forecast for China to 5.4% this year, attributing the revision to a "strong" post-Covid recovery.

https://www.reuters.com/world/china/chinas-economic-conditions-improve-2024-officials-2023-12-18/

The market has been positioned for China collapsing. Instead they are plodding along with their annual 5% growth target.

¥1Trillion infrastructure stimulus will start filtering through over next few years.

They are also experiencing deflation and will be cutting rates next year. Perfect for UFO.

As I mentioned before about the Native Title decision, whether it was approved or not, I was basing my investment on Troy's wife, since she liked a UFO Linkedin post just after the Native Title meeting on 29th Nov.

She also recently liked UFO's most recent Linkedin post, so all looking good for me.

If the Missus is happy, then things are going very well :)

Good to see the Sourcing and Origination Manager, Iron Ore at Anglo American just liked UFO's recent Linkedin post:

https://www.linkedin.com/company/alienmetals/posts/?feedView=all

Anglo cutting Iron Ore production from S.Africa due to blackouts, cable theft and vandalism of its rail infrastructure.

This is why they have been trying to get their foot in the door in Tier1 Pilbara with IOCA.

They still need to fill their customer orders. As Vale CEO stated: "Market is truly tight. No supply coming."

Yesterday was a significant milestone for UFO. Took years to achieve.

The more involved Heritage process is causing significant delays for Rio and they can't start some of their planned mines.

Troy will continue to execute the plan & Hanc0ck will generate massive FCF next year.

@Metalhead25, "royalty payment of 0.9%" which is standard.

Just a typo regarding the WHI Fair Value figure.

2 weeks ago on 28/11/23 the Research Note stated (after Port Hedland RNS):

"We will revise our fair value when the DFS is published, we still see fair value at 2.7p/share."

Yesterday:

"We CONTINUE to see fair value at 2.3p which we will look to update on updated feasibility study numbers."

They obviously mean 2.7p since they mention "continue".

Article in Today's Mining Weekly:

Australia’s Pinderi Hills region reveals rich resources

https://www.miningweekly.com/article/australias-pinderi-hills-region-reveals-rich-resources-2023-12-15

Yes PortfolioPower. As the Research Note stated:

"WHI View: Today’s news is another step in the road to production and in our view substantially derisks the project. Native title is a critical part of the permitting process and we see no impediments to the granting of the mining licence now this is in place. Hanc0ck will be a quick build with only minimal infrastructure required and now this is out of the way we expect a resolution to the remaining items in the feasibility study to allow for funding. We continue to see fair value at 2.3p which we will look to update on updated feasibility study numbers."

So how long should the average WHI client hold for after he/she has already made a 43% gain?

It's called a market.

164M shares traded today.

Whatever/whoever the transaction was, it's priced in.

You can choose to invest now that it has been de-risked with Traditional Owners giving permission for the Hanc0ck DSO to be shipped off, or you can buy in after its further de-risked with Mining Lease in place.

Just need to buy before Gina buys. Simples.

@Wolfy. Could be Gina taking a nibble, or maybe a placing holder who bought at 0.20p wanting to sell at 0.2863p and bag a 43% gain.

Doesn't really matter since it's already priced in.

All that matters is that:

Iron Ore Company of Australia executes Native Title Project Mining Agreement for Hanc0ck Project

Been a long wait, but will finally get the Mining Licence soon.

US1bn DSO at surface with permission to mine it soon with only 10% explored and ridges continue for kms.