Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://twitter.com/ZaksTradersCafe/status/1770065420642390512
Also now that the whole Elizabeth Hill mining lease, Munni Munni North, Munni Munni PGM & Gold project tenements have been 100% consolidated & owned by UFO with no more legal disputes that went back decades etc,
The JV partner can do grid drilling right across.
Then we find the other "silver pods" EH repeats, PGMs which are open at depth & along strike, Copper and "Near Surface results includes 5.2m @ 2.1% Ni" plus all the lithium pegmatites which have already been desktop mapped out! Wowzer!
Boom, boom, boom!
Yes I definitely prefer the JVs signed & monetising quicker compared to original strategy of waiting for profit from DSO to then start production at Elizabeth Hill and then finally develop Pinderi Hills.
With the JV partners coming in, Hanc0ck & Pinderi Hills can scale up in resource very quick.
Interview just out:
https://twitter.com/ZaksTradersCafe/status/1770065420642390512
Boom. JV's coming for both Hanc0ck & Pinderi Hills!
Guy Robertson:
“Loan facility is a bridge to bringing on JV partners in both projects (Hanc0ck & Pinderi Hills).
At the moment we have got a number of proposals on the table for both the iron ore and the battery metals projects in Pinderi Hills.”
"We are not going to fund these projects on our own going forward and as I said earlier, we have got on the table a number of proposals on the table for both which are under review."
Iron Ore prices rise on optimistic China data
https://twitter.com/Directors Talk/status/1770031966437662975
Truth is a lot of people got stopped out during the drop on Friday when they should have been buying. Weak hands & dead wood cut out. Sounds harsh, but necessary for creating a huge uptrend. Only hardcore shareholders left now & no placing churn.
This means SP is only going to go up with Mining Lease coming soon. This will re-rate aggressively now the brakes are off.
Bottom is in.
Lots of people here now kicking themselves they didn't buy back in or top up at the bottom like Dickie with yesterday's +17.39% rise.
Don't be upset. Still early days. This will be back above 0.20p very soon and will keep moving up en route to production.
Iron ore extends gains on positive China data, growing spot liquidity
https://www.nasdaq.com/articles/iron-ore-extends-gains-on-positive-china-data-growing-spot-liquidity
@"Large shareholder" norm. You said lets not "resort to silly sarcastic names".
Why do you want to mine silver sub $25/oz when you can mine DSO at surface with 1:1 Strip Ratio and no beneficiation?
However, silver will soon break out and Elizabeth Hill will be JV'd.
Same with Munni Munni which has an in situ value of US£2.7bn which is open at depth & along strike.
All going ahead now with Hanc0ck along the lines of the Development Study.
You said you will assess your invest in 2025. Check back here once Mining Lease announced + JV.
Until then, maybe take up some Yoga. ATB.
@ "Large shareholder" Norm. Do some research.
Elizabeth Hill:
"Alien has erected headframes over both existing shafts and has purchased necessary equipment for dewatering, camp construction and mine re-opening"
Last RNS:
"Considering various longer-term financing options, including continued discussions with strategic partners regarding offtake funding, debt, and equity project funding in connection with the Hanc0ck Project and the Pinderi Hills PGM, silver and base metals project; and
Actively exploring the potential for the sale or joint venture of non-core assets providing further funding for the Company."
"Rob's in-depth knowledge of Western Australia, and in particular the Munni Munni platinum group metals and Elizabeth Hills Silver projects will be invaluable as the Company examines options to unlock the value of the projects."
Hanc0ck:
"It is our objective to unlock the value of the Hanc0ck iron ore project, where we have recently received positive interest from potential joint venture partners following the results of the Development Study."
Silver + PGMs are commodities that smart money is now sniffing around for. Ask Rick Rule ;)
Nice one Dickie. I'm most glad that you out of all the posters here managed to pick up shares at the bottom.
I'll be looking forward to welcome the fake shareholders here (ie the ones that say they hold but have an agenda and can only post negatively) as real shareholders once SP shoots past half a penny after JVs signed for Hanc0ck & Pinderi Hills.
@Steveiom. Fully permitted by June. Mobilise & start construction July/August. Having seen the timeframe of mobilisation to production for others, there is actually a buffer in there.
Mining Lease coming soon. ATB.
Chris2 said:
"I said on 13th January this company will be wound up.
I said on the 24th January this company will be wound up.
I said on 6th March this company will be wound up.
Looks like it is getting closer by the day."
Instead UFO gets Funding Facility of up to A$2 million to push ahead!
@Chris2, Read the last RNS: "Actively exploring the potential for the sale or joint venture of non-core assets providing further funding for the Company."
Higher silver price means Elizabeth Hill (which currently has zero value in the Market Cap) will be worth more.
Mining Plus's Development Study stated AISC including Freight & Royalties = $123.1/t AUD (US$80.89/t at current exchange rate).
Plenty of buffer here with Hanc0ck (largest sealed road from Newman to largest port).
Plus they will use hedging to weather any periods below AISC.
The smaller iron ore juniors in Australia that had to shut were travelling distances of 650km, 750km & 800km etc.
In China due to their low-grade and need for beneficiation, the marginal producers have costs of $100/t. This is why Alwyn was saying $100/t is the swing point. If it dips below, it will then swing back up.
Plus as Alwyn was saying plenty of scope to reduce AISC with economies of scale.
Looking forward to the JV news. Hopefully with MinRes next door that need to unlock their Sirius deposit :)
"Been saying for 11 weeks that #gold has a blue mega breakout.
#silver is now trying to break out.
If one only look at weekly or monthly charts right now,
silver is still below blue line. But, it is breaking out here on quarterly.
Always know the very big picture."
https://twitter.com/graddhybpc/status/1769676759652323563
"Been saying for 11 weeks that #gold has a blue mega breakout.
#silver is now trying to break out.
If one only look at weekly or monthly charts right now,
silver is still below blue line. But, it is breaking out here on quarterly.
Always know the very big picture."
https://twitter.com/graddhybpc/status/1769676759652323563
Good to see Scott & Michael liking UFO's LinkedIn post today:
https://www.linkedin.com/company/alienmetals/posts/?feedView=all
Looking forward to real news without any placing churn to clear. We will see very aggressive re-rates. We will also see all the trolls yapping from the sidelines as they watch UFO's 2020-style uptrend.
Have a nice weekend all. Chat Monday :)