Member Info for Max111

Good morning, iron ore futures lifted US44 cents or 0.4% to US$124.20 a tonne yesterday:
https://twitter.com/CommSec/status/1625581284268580864

Good morning, iron ore futures lifted US44 cents or 0.4% to US$124.20 a tonne yesterday:
https://twitter.com/CommSec/status/1625581284268580864

Good morning, iron ore futures lifted US44 cents or 0.4% to US$124.20 a tonne yesterday:
https://twitter.com/CommSec/status/1625581284268580864

The demand of steel wires is expected to increase in leaps and bounds in the years to come.
On further analysis, the need for steel wires is rising as infrastructure in emerging nations develops. Asia-Pacific region, which currently dominates the market's revenue share, is anticipated to remain one of the most alluring markets during the projection period.

Newark, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The Steel wire market was estimated at around USD 94.56 billion in 2021, growing at a CAGR of nearly 4.6% during 2022-2030. The market is projected to reach approximately USD 142.5 billion by 2030.
https://finance.yahoo.com/news/steel-wire-market-reach-usd-090000526.html

Key to getting a mining licence approved in the Pilbara is Heritage Clearance. It's due and can be signed off anytime.
BOD loaded up, so just a matter of time.

Hanc0ck is in WA Pilbara with mines all around.
Also previous Heritage work was done on Hanc0ck Sirius and there were no issues.
https://geodocs.dmirs.wa.gov.au/Web/documentlist/8/ML_NUM/M47%2F1633

India is a significant player in the international #silver market and was the world’s largest silver fabricator last year. Silver investment in all forms is picking up in the country:
https://twitter.com/SilverInstitute/status/1625131860639580162

China's steel industry, an economic barometer, will remain healthy and vigorous, driven by pent-up demand after downgraded epidemic response. Positive signal for trade with countries such as Australia: experts:
https://twitter.com/globaltimesnews/status/1625127202277695496

Also Iron Ore Company of Australia (IOCA) Presentation:
https://www.alienmetals.uk/wp-content/uploads/2301-IOCA-Focus-Rev-C-2.pdf

Worth reading the new website if you need info:
https://www.alienmetals.uk/

Good morning, iron ore futures lifted US49 cents or 0.4% to US$125.14 a tonne on Friday:
https://twitter.com/CommSec/status/1624832726460428289

Good morning, iron ore futures lifted US49 cents or 0.4% to US$125.14 a tonne on Friday:
https://twitter.com/CommSec/status/1624832726460428289

Good morning, iron ore futures lifted US49 cents or 0.4% to US$125.14 a tonne on Friday:
https://twitter.com/CommSec/status/1624832726460428289

Good morning, iron ore futures lifted US49 cents or 0.4% to US$125.14 a tonne on Friday:
https://twitter.com/CommSec/status/1624832726460428289

IOCA Update said there will be 2 Hubs:
https://www.londonstockexchange.com/news-article/UFO/ioca-update/15684322

1. Newman East Pilbara Hub:
Hanc0ck

2. West Pilbara Hub:
Brockman & Vivash
"newly developed Eliwana rail line installed by FMG to access their western assets"

Highlights:
"Discussions ongoing with several strategic partners on the Company's other iron assets"
Hopefully ex-FMG Key Executive Troy having nice discussions with his former employer about Brockman & Vivash.
I think they might well have a surprise for us ;)

Yep no more acquisitions:

"Munni Munni’s addition to the portfolio in early 2022 marked the END of Alien Metals acquisition strategy and was followed by a slight restructuring via the appointment of Rod McIllree as Executive Chairman and Troy Whittaker as CEO of IOCA, in H2 2022, to better position the company for transition from explorer to producer."
https://www.alienmetals.uk/about/

I know Fenix where sitting on $100M in cash last year and still haven't been able to make an acquisition to extend their mine life which only has 4-5 years left.

Thankfully UFO won't have this problem! :)

BTW I was reading last year that Twiggy was trying to discover PGMs through his exploration division (been searching for over a decade) and still hasn't found any.
Why? Because PGMs are some of the rarest metals on earth.
Palladium is 30x rarer than gold.
Platinum is 15x rarer than gold.
Rhodium is even rarer!

Yep, no investment from west will go into Russia.
And there is political risk with S. Africa.

Australia is safe investable jurisdiction and Twiggy driving it to become a Hydrogen Superpower (which relies on PGMs).

Just a matter of time until Munni Munni which was discovered by Geoscientist Dr John Ferguson (Uni of Witwatersrand Johannesburg BSc, PhD & DSc) who used his Bushveld knowledge in identifying the Munni Munni reefs rich in PGMs & Gold gets developed.
Open at depth & along strike with only 20% of superficial area tested.
Hidden part under cover (which I'm most interested in) untested!

Interesting to hear our next door neighbour Gina maybe getting into PGMs.

Chalice Mining movement stirs up dust, eyes on Han****:
https://www.afr.com/street-talk/chalice-mining-movement-stirs-up-dust-eyes-on-han****-20230209-p5cj57

Twiggy was trying to buy an 8% stake of Chalice.

Shows demand for PGMs. Only 10% is from Primary deposits & mining deficit for a decade!

Chalice has a Market Cap of $2.42B and sits on a State Conservation Park and historic Pilgrim Route and may never get permitted for mining.

It was Munni Munni with Infrastructure & Mining lease in place that got Rod on the hook.
He resigned from Bluejay to jump on board UFO.
One of Australia's largest PGM deposits and globally significant.
Rod said, "I have every confidence we will be able to put in similar relationships to what we’ve just done with Han****".