Member Info for Max111

@Chris2, unlike you I am a shareholder.

Now waiting for your answers.

All the non-shareholders/spreadbet shorters coming on now. Haha. Love it :)

@Chris2, can you give me an example of ramping. Would ramping be what you said when UFO SP spiked to 3p and you said it's going to 10p? Or would it be when QBT SP was 3.95p and you stated "Get on board before it’s too late" and now it's 1.075p?

Also still waiting for you to answer my previous questions.

J.P. Morgan revised its iron ore forecasts yesterday to more favourable expectations for the market.

They predicted that iron ore prices would be:

2023: $117 per tonne (+6%)

2024: $110 per tonne (+13%)

2025: $105 per tonne (+17%)

https://twitter.com/AlienMetals/status/1705172705572475252

@5x5, not a guess. Listen again:

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

Fact is with such a short seaborne journey, shipping rates are not even an issue.

Nor is Opex, which is just $60/t FOB.

UFO will be cash flow positive on first shipment. Hanc0ck is a highly economic project and Mining Plus (which developed Fenix) are wrapping up their Definitive Feasibility Study which will prove their Scoping Study.

Well we now know that UFO's customers are in S.E. Asia not China with less than half the sailing days, so even lower shipping rates.

Compare how close Port Hedland is to the S.E. Asia region with Ports in Brazil or S.Africa:

https://stock.adobe.com/uk/images/indonesia-australia-papua-new-guinea-map/75403180

Good thing is with UFO, is that our market is for the S.E Asian region (Thailand, Indonesia, Vietnam, Malaysia).

As Troy said:

"The big steel mills that fund the Chinese side are not looking for 1.25Mt. The smaller steels mills that are knocking down our doors are the ones that become reliant on us and really want our ore – Niche iron ore producer at a low cost."

https://www.youtube.com/watch?v=MbyiFaspyhg&t=831s

They actually prefer the niche producers that use smaller vessels up to 100k tonne since they haven’t got the capacity for a 200k tonne vessel at their smaller ports.

And it’s only about 5 days sailing instead of 11 days to China. So UFO has a big competitive advantage here compared to producers in Brazil or S. Africa etc.

See how close from Port Hedland:

https://stock.adobe.com/uk/images/indonesia-australia-papua-new-guinea-map/75403180

And these are all fast growing economies. Indonesia just opened a new blast furnace doubling their production and new blast furnaces will be opening up around region. And they need the high-grade ore to keep emissions down. Which is why they need our ore.

Massive opportunity for us to make huge amount of money very quickly. D$O.

JPMorgan raises iron ore price outlook until 2025

https://www.mining.com/jpmorgan-raises-iron-ore-price-outlook-until-2025/

Not sure where E 47/5002 is, but definitely not a UFO Tenement. BHP owns the tenements to the south of Hanc0ck (with Mt Whaleback).

E 47/5002 is not a UFO tenement. Do you have a link for it?

Chrisatbirdies made sense when referring to one of the trolls said:

"He's a trader and wants people to sell. Max111 gets in the way of that."

@Chrisatbirdies, not 3 months. Stick to facts. Funded through to FID/Early next year.

Look out for announcements before then ;)

@Chrisatbirdies. Listen again. Troy literally said, "Funds gets us through to Final Investment Decision. The production capital will be a separate funding scenario."

The Sirius Woodsmith potash mine needed a further $3.8bn to complete the plan!

“But the mine was plunged into doubt last year after Sirius shelved a $500m (£400m) bond issue, blaming factors such as a lack of government support and Brexit uncertainty.”

They were facing administration or liquidation, so Anglo actually came to the rescue.

https://www.theguardian.com/business/2020/jan/20/anglo-american-agrees-405m-takeover-deal-for-sirius-minerals

And this is a prime example why I would never invest in a project that needs a Capex of billions!

UFO Capex under just $30M (£23M GBP). It’s a tiny amount for a mining project and easy to get funded after all studies & approvals come in.

@Peanutty, well that means Troy is expecting FID by early next year. Which means things are moving along well with all different parties.

Good to have a re-listen:

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

@Chris2, you will just have to wait for the DFS which Mining Plus are wrapping up.

And yes SP will be multiples higher due to "exceptionally strong returns" as Mining Plus stated.

UFO funded through to FID.

Which means completing Definitive Feasibility Study (being done by Mining Plus which developed Fenix), Native Title Agreement Signed, Mining Licence, Off-take agreement signed etc.

SP will be multiples of what it is now as UFO completes the above en route to FID.

@theannoyingdevil, I posted here that I topped up at 0.16p after listening to Troy's interview.

With Troy & Alwyn UFO now has a first class BOD and make the BOD of other junior companies that I've watched in interview & presentations look like clowns.

I will keep adding going forward.

The regular readers here would know the SP fall had nothing to do with the BOD.

4779 was almost spot on in his last post. Unfortunately, someone reported him after his last post and his account got deleted.

And if you know the real reason then you should be filling your boots. Current Market Cap for UFO's JORC Resources & significant expansion potential and being a near-term producer is a joke.

But I'm sure Troy will continue to execute the plan and do what he said he will do and get Hanc0ck into production asap.

X2 2.5M buys just went through after close.

Not much stock available at this level when I was doing dummy trades. Good luck to traders getting back in.

Silver on the move. Bodes well for UFO which 100% owns Australia's highest-grade primary silver mine with mine shafts, mining lease & headframes all in place. Very rare to have this.

UFO was the best performer on the London Market during last #silversqueeze.

The ore is the money.

78.2 metres at 60.4% Iron is news to me! Much better than I expected. A lot of people were having doubts due to the recent SP fall.

These 11 intercepts are Diamond Core, so they can go straight into upgrading the Resources and Reserves.

+US1bn Dig & Ship Ore to cash in. No processing/beneficiation required. And only 10% explored!

Approvals will come. Hanc0ck is in WA Pilbara next do existing mines with no objections to mining. Just got to get positioned.