Member Info for Max111

Yes Wents, UFO Funded through to FID.

Then look at Fenix. They raised $15m Capex which included Working Capital to production.

After FID, then it's just paying Troy and a few others wages. This amount is insignificant.

Sorry, I meant LinkedIn post, not Tweet. lol

Gamechanger once we get the Traditional Owners approval to tun Hanc0ck into a mine. Borders @BHP Mt Whaleback, the single-biggest & oldest open-pit Iron Ore in the wold & still operating.

Link for KNAC Tweet:

https://www.linkedin.com/company/karlka-nyiyaparli-aboriginal-corporation-rntbc/posts/?feedView=all

"Thank you to everyone who made last week's KNAC AGM and Common Law Holders Meeting meetings such a success!

We had record numbers of attendees and got lots of important business done- including Board elections and key Native Title decisions. The entertainment and the chance to come together for a couple of days was great too!

Big shout out to Red Country Management for creating a top spot for a special few days 🖤

#aboriginalbusiness #pilbara #community #teamwork"

Does sound very positive, "got lots of important business DONE- including Board elections and key Native Title decisions."

Looking forward to the RNS soon regarding:

"The KNAC Board recommends that the Nyiyaparli Common Law Holders pass the proposed resolution"

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf

Especially when the more involved Heritage Process has caused significant delays for Rio Tinto and they can't start some of their planned mines over next few years :)

If there is this much interest in silver at $25/oz, just imagine the interest at $30/oz heading to it's 1980 ATH of $50/oz. Just a matter of time.

@goingtomoonufo, you used to say silver juniors don't need to do anything. just wait for silver to go to ath of $50 and ufo share price will go to £1. i highly doubt £1/share, but yes ufo will multi-bag as it did during last #silversqueeze in 2021 (went to 1.60p) when silver made an attempt to break $30/oz, especially since ufo is the only junior silver play on the london market.

hanc0ck operating costs are ~$60/t fob vs chinese miners which have operating costs of ~$100/t due to their low-grade & need for beneficiation.

worth reading 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 han****’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."

https://www.alienmetals.uk/about/

if you look on google maps, you can see they have done a lot of work there.

@Dickie, read Troy comments:

"The signing of the Port MoU and settling key terms of the formal multi-user agreement are important steps as we continue to secure the supply chain from development, operations and to the end customer. We are confident Pilbara Ports has the capacity and capability to handle our tonnage at the port and we are delighted to have signed the MoU. We acknowledge Pilbara Ports efforts to facilitate port access for miners such as IOCA and we look forward to working closely with them as we finalise the the binding agreement and seek the require regulatory approvals."

Also a couple people at Qube, the company that does the logistics at Utah Point liked the UFO Linkedin post:

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

This is where Troy, Alwyn & Lloyd Edmund (who was responsible for $1bn port upgrade for Pilbara Port Authority) contacts come into play.

Well, clearly Troy executing the plan and doing what he said he will do.

So Heritage Approval RNS finally through soon with Traditional Owners allowing Hanc0ck to be mined:

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf

Mining Licence, MRE Upgrade, DFS, Offtake, funding & FID etc.

The project timeline on page 9 is a very good guide for next 6-12months:

https://www.alienmetals.uk/wp-content/uploads/230907-UFO-updated-corporate-slide-deck-for-website-live.pdf

Then UFO is cash flow positive plus earning extra toll income from neighbours and drilling out monster deposits across Tier1 Pilbara. Resources are only going to grow & grow.

No where else I would invest my money.

The huge prize will be the battery metals under cover in Pinderi Hills, and the billions of in situ PGM's plus Silver will just be the icing on the cake, if you can wait.

Biggest gamechanger since the industrial revolution is clearly AI. I've noticed a big change in markets this year because of the funding AI started getting.

A couple days ago Elon Musk said regarding Artificial General Intelligence (AGI), "We are less than 3 years from that point".

This will then bring in "Universal high income...no shortage of goods & services, age of abundance".

So highly deflationary.

However, to get there Microsoft is currently conducting the largest infrastructure build out humanity has ever seen. https://twitter.com/elonmusk/status/1726408333781774393

Ultimately, nearly everything requires Iron Ore and it's supply is very constrained, which bodes very well for UFO.

Plus silver is a tech metal, so good thing UFO have the highest-grade silver mine with mine shafts & Mining Lease in place.

Regarding the deficit spending, Biden:

"Two years ago today, I signed a once-in-a-generation investment in America’s infrastructure and competitiveness.

To date, we have announced nearly $400 billion in Bipartisan Infrastructure Law funding."

https://twitter.com/POTUS/status/1724857327369568289

Goes to show there is always a lag from the infrastructure stimulus law being signed to steel orders.

$800 billion in infrastructure funding still to be allocated.

It's the most significant investment to upgrade America’s infrastructure since Eisenhower!

He recently announced "The largest investment in rail since the creation of Amtrak."

https://twitter.com/POTUS/status/1721641684776206696

They are going to need a lot more steel!

After a 2 year Delay, Tesla's Cybertrucks are starting to be delivered.

Made of stainless steel, which was partly reason for delay.

Tesla won't reach its annual production goal of 250,000 Cybertrucks until 2025.

They are going to need a lot more Iron Ore!

https://twitter.com/Tesla/status/1729954264540156295

With Steel Mills in SE Asia knocking on our door and Nippon Steel (world's No.4 steelmaker) hunting for Iron Ore mines to secure supply, goes to show supply is very constrained due to a decade of underinvestment.

Also the more involved Heritage process since Rio Tinto Blew up the 46,000 year old Aboriginal cave in May 2020 has caused significant delays, and now Rio can't start some of their mines they have planned over next few years.

The RNS confirming the following to the market will be very positive indeed:

"The KNAC Board recommends that the Nyiyaparli Common Law Holders pass the proposed resolution."

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf

TOKYO : Nippon Steel, the world's No.4 steelmaker, will keep on hunting for stakes in coking coal and iron ore mines to ensure a stable supply of essential raw materials and mitigate the potential impact of price volatility, its executive said.

https://www.channelnewsasia.com/business/nippon-steel-hunt-more-coking-coal-iron-ore-assets-executive-3954541

Hello Nippon Steel:)

@wents. the anglo deal stated:

"conditions precedent:

i. new equity raised by alien, and evidence that such amount has been utilized for han**** in this case, of us$5 million"

ufo have already raised this. £1.5m + £2m placings = us$4.45 + up to $500k loan = ~us$5m

also regarding working capital to production, fenix raised $15m capex for their project which included the working capital to production.

investment required is chickenfeed in mining terms.

i seriously can't wait for the dfs and replace all the punters here with institutional/strategic investors and move up the lassonde curve to fair value.

Mining.com reported yesterday that the price of iron ore is predicted to hit $150 in 2024 as the increased Chinese stimulus influences the market analysts have noted.

On Monday the price reached $135 per ton. The iron ore record price of $232.5 a ton was reached in May 2021, according to data from consultancy Steelhome.

The increased stimulus is due from China’s central government who have implemented measures to revive its economy, especially in the property market, with a key steel consumer.

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

https://twitter.com/AlienMetals/status/1729852600491585731

Not sure why people are worried about funding.

Hanc0ck is literally the most bootstrapped mining business that exists.

•No need to build a port. Just signed MoU with Pilbara Ports Authority for 1.25Mt Iron Ore Exports using the multi-user berth.

•No need to build a railway.

•No need to buy any mining equipment/vehicles at all.

•No need to employ & train a mining team - Contractors Maramara/REGROUP & Rapid Crushing signed up.

•No need to build accommodation facilities (like Fenix). Town of Newman is an easy commute.

•No need to build airport (under 2hour flight from Perth to Newman).

As soon as DFS is out, laying everything out clearly UFO will get all the funding it needs to get Hanc0ck into production.

Anglo American guy is keen (see his Linkedin comment) and Steel Mills in SE Asia also knocking on door.

Plus, we are just scratching the surface at Hanc0ck. The ridges continue for several kilometers and into Mallina + Brockman + Vivash Gorge + Pinderi Hills Elizabeth Hill & Munni Munni.

It's says it all here in black & white:

"The KNAC Board recommends that the Nyiyaparli Common Law Holders pass the proposed resolution"

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf

Personally, I'm not bothered when the RNS lands. What I'm basing things on is Troy's wife!

She recently (after meeting) liked the UFO Linkedin post.

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

Thurs RNS IMO :)

The Sourcing and Origination Manager, Iron Ore at Anglo American, just liked UFO's LinkedIn post, and for the first time ever commented on a UFO post:

"Great news!"

Game changer RNS today. Hopefully we get the Traditional Owners approval to turn Hanc0ck into a mine very soon.

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf