Member Info for Max111

@5x5. My crew? What you mean shareholders unlike yourself.

UFO transitioning from explorer to producer. Simples.

@5x5, surprised no comment from you earlier today on this significant milestone day. Especially since you said you still have many millions of UFO shares.

Yes, WHI got 39,930,144 shares in lieu of fees.

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."

Today:

"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".

I'm wouldn't mind a Present Fair Value right now of either TBH. But Hanc0ck is just the starter mine, so will go multiples higher if they execute on the company strategy.

5M after close buy @0.30p at 16:35.

Only a matter of time until we get an Institutional/Strategic investor or someone moving up to TR1.

Tier1 High-grade deposits. Easy to attract investors as project de-risks further with Mining Licence & DFS.

UFO just need to have everything in place during the very hot Aussie summer (Australian summer officially starts on December 1st and lasts until the end of February).

Then start construction Q2 as per the timeline. Which is perfect since the cyclone season is also out the way by Easter.

Hanc0ck will be WA's next DSO Iron Ore mine. Very exciting.

Cash cow!

On the 3 Oct, UFO RNSd that they signed HPA with KNAC on the Miscellaneous Licence (haul road).

Then next day on 4th Oct, WA Dept of Mines granted the Miscellaneous Licence!

I don't think it will be that quick for the Mining Licence, but it shows that it's all done online and approved quick when all boxes ticked.

UFO funded through to FID.

Fenix Capex of A$15M included working capital to production.

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

Not difficult when steel mills are banging on the door.

UFO LinkedIn

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

Good to see Richard Lee Iron Ore Trader at Trafigura liking the UFO post.

Trafigura is a leading supplier of high-quality iron ore to the global steelmaking industry.

Iron Ore market is truly tight with no supply coming as Vale CEO recently said.

Today's news is huge. No impediments to the granting of the mining licence now this is in place. D$O

Alien Metals is pleased to announce its subsidiary company Iron Ore Company of Australia has signed a Mining Agreement with the Karlka Nyiyaparli Aboriginal Corporation RNTBC for its 90% owned Hanc0ck Iron Ore Project.

Troy Whittaker, CEO commented:

“The Company and its Board would like to again thank the Karlka Nyiyaparli Aboriginal Corporation and its Board of Directors for their support in reaching this significant milestone.

“We are delighted to have finalised the Mining agreement and we look forward to the ongoing relationship with the Nyiyaparli People.”

#ironore #alienmetals #mining #UFO #investing #AIM #LSE

https://twitter.com/AlienMetals/status/1735217145896653229

"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. han**** 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."

https://twitter.com/research_tree/status/1735208165501768080

UFO strategy:

"Work at the companies other projects, particularly Elizabeth Hill, continues in the background, so that they are well positioned to be quickly accelerated into production when the the capital from Hanc0ck’s production becomes available.

This will allow the company to develop multiple income streams, spread across multiple commodities, protecting it against price fluctuations in a single commodity and thus providing a relatively stable and constant revenue."

Cashflow from Hanc0ck production means we also catch the silver bull (when it finally wakes up) with maximum leverage.

Fantastic :)

Significant milestone, significant milestone, significant milestone 🙌🥳

iron ore company of australia executes native title project mining agreement for hanc0ck project

https://www.londonstockexchange.com/news-article/ufo/native-title-agreement-for-han****-project/16251529

Mining Licence for Hanc0ck will get granted soon :)

Finally!!!

They agreed! Boom!

Game-changer.

Thanks CJ.

Yes finally Fed backing off rate hikes & indicates three cuts coming in 2024:

https://twitter.com/CNBC/status/1735012900585042061

It was the taper talk, then tapering, then aggressive rate hikes that has killed the sector over past 3 years.

Liquidity was getting seriously tight. Now Fed is pivoting :)

Dollar down & SILJ was up +7.79% today. Lets hope this continues.

Pretty obvious someone driving the price down on purpose looking at the trades going through. Pretty risky just before news though.

Good luck to them.

Also helps the bottom line with oil going down.

Funny how all the trader trolls have is me as a deramp. LOL

Also better for the real "LTHs" for UFO to announce news after people have now done their selling for Xmas shopping.

The amount of BS the trader trolls posting lately was on another level.

They better buy back for Thurs RNS :)