Member Info for Max111

@Dean, how much cash do you think a junior explorer like UFO needs for exploration?!

UFO have got loads of cash.
Financial Results for Year Ended 31 December 2021 stated:
"As at 31 December 2021, the Group had US$6.4 million cash."
Plus they raised an additional around £700-800k cash early this year through warrants purchases.

Bill has always been very careful with money and has only done low-cost exploration.
In Mexico he only put 3 holes in San Celso and 4 holes in Donovan2, with no drilling in Los Campos. Plus drilling in Mexico is a lot cheaper than Oz.

More than fully funded to drill out Elizabeth Hill (below 100 untested) and Munni Munni and Brockman etc.
However, Rod will most likely JV Munni Munni very soon (which is why they brought him in) and therefore we will be free-carried on the Munni Munni US$5bn Resource PGM & Gold project.
So even more cash will be left available for exploration if required.

Good time for UFO to finally reopen the highest grade silver mine :)

People were expecting WW3 to break out with China shooting down Pelosi! Lol
China could have started a war, but not worth it for a visitor who has now gone.

Steve you need to listen to yourself. Are you saying the G20 will sanction China?! Are you mad?
Sanctioning Russia is one thing, but how will you post messages without your Chinese made device?
What will happen to Australia if they stop selling Iron Ore to China?

Both Australia & the US and even the United Nations recognize Taiwan as a province of China and adhere to the One China Policy.

@Steve, you should do more research on Anthony Overseasy & Penny Wong.

You think Australia will stop trading with their largest trading partner?!
This is a good video with Penny Wong they don't show on Western Media.
https://www.youtube.com/watch?v=j-ZkFs8oolE

China is not going anywhere and they will continue to trade. Simples.

Interesting article in @MiningJournal on the impact of Chinese domestic infrastructure investment on the Iron ore price. #AlienMetals #Ironore #UFO
https://twitter.com/AlienMetals/status/1555111468701556736

Interesting new demand for Iron Ore:

"The construction of THE LINE is underway":
(size of 2 skyscrapers as tall as the Empire State Building and 170km long!)
https://twitter.com/NEOM/status/1554738704769482752

Interesting new demand for Iron Ore:

"The construction of THE LINE is underway":
(size of 2 skyscrapers as tall as the Empire State Building and 170km long!)
https://twitter.com/NEOM/status/1554738704769482752

Personally I'm in favour of JV'ing Munni Munni asap similar to what GGP did with Havieron. GGP gave 70% of it to Newcrest, but it fast tracked it and utilised Newcrest's expertise for a low-risk development.

If Rod can do a similar deal with KoBold that he did previously, where Bluejay have the ability to keep 49% through to production, then fantastic.

Also a company like KoBold use the best technology for peering under cover and have AI tech to build the geo models. They would define and expand the Munni Munni US$5bn Resource far quicker and most importantly peer under the hidden part of Munni Munni under the Fortescue Basin. It's untested and air mag survey showing something very significant:
p.21 https://www.alienmetals.uk/wp-content/uploads/Alien-Metals-Presentation-June-2022-PDF.pdf

Rod also said, "I look forward to working with Bill and the team as we now focus on completion of the BFS and final permitting for production at Han****."

If Bill isn't doing the Technical work for Munni Munni as per website https://www.alienmetals.uk/project/munni-munni/ , then IMO Rod already has a KoBold type JV lined up to unlock it.

Bill will now mainly remain to start production at Hanc0ck:

"In conjunction with the proposed appointment of Rod, Bill Brodie Good ("Bill") stepped down as a director of the Company with immediate effect. Bill will remain as a non-board CEO to focus on operational matters, primarily in completing the final studies and permits required to start production at the Company's high-grade Han**** Iron Ore Project in Western Australia."

Depends how long they have been working behind the scenes.

We are were initially due to drill Donovan2 ourselves. But then that got delayed. Then out of the blue we get an Exclusivity Agreement announced with Capstone with a 45-day Due Diligence period.

Nearly 3 months ago on 11/5/22 when Bill was in Australia, he said we will drill Munni Munni in 10 days time.

We will soon see Rod's plans for Munni Munni in which he said:
"This is the first time in several generations Munni Munni has been owned 100% at the licence level after settlement of multiple long running legal disputes dating back decades in regard to ownership."

Rod is the man to unlock Munni Munni.

This is what Non-Executive Director Jo Battershill posted on LinkedIn just after the deal completed:

"Very pleased to be associated with this group - an amazing amount of work has gone on behind the scenes, so congratulations to management, the other Board members and our advisors. The Munni Munni transaction is a significant acquisition for the company and complements our neighbouring high-grade Elizabeth Hill project. This is a prolifically mineralised package of tenements and we look forward to UNLOCKING the value for shareholders."
https://www.linkedin.com/feed/update/urn:li:activity:6912331881329872896/?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6912331881329872896%2C6912491654385983489%29

This is exactly why Rod was brought in. To make a similar JV deal that he did with KoBold and unlock value for shareholders. Won't be too long now before a deal is announced imo.
Watch this space Aliens!

Twitter Update @AlienMetals View from the Great Northern Highway to Port Hedland, suitable for #UFO Road Trains 5km from the Han**** #IronOre Project ???? High-Grade Direct Shipping Ore Pilbara Fines
https://twitter.com/Share_Talk/status/1554476468637507584

View from the Great Northern Highway to Port Hedland, suitable for Alien Metals' Road Trains 5km from the Han**** Tenement
https://twitter.com/AlienMetals/status/1554444147028795392

@Steve, that's is why they have brought in Rod, to do a similar JV deal with KoBold who are in the search for Tier1 resources.
Won't have to spend a penny to unlock Munni Munni with JV. But will have to give up some ownership. Rod's previous deal with KoBold lets Bluejay keep 49% all the way through to production, which is fantastic by industry standards.
This is also what Platina & Artemis want, to have Munni Munni unlocked, which is why they did the deal.

@smiller, we are literally about to open the highest-grade silver mine in Tier1 Australia with a near surface resource and below 100m untested.

EH already has mining lease in place and can exploit it asap once silver shoots up.

Other silver projects take minimum 5-7 years to start mining and that's if they ever get permitted.

But the main jewel in the crown will be unlocking Munni Munni PGMs & Gold and the associated battery metals.

@smiller, why disappeared!??? This is actually the most exciting time for UFO.
Focus always has been and will continue to be getting Hanc0ck into production Q1. Nothing changed.
No one is invested in UFO for Mexico.
Plus Rod can now unlock Munni Munni with JV now that whole region has been consolidated and no legal disputes which dated back decades!

Alien Metals #UFO was one of the most followed Co’s on @********** in the last 24 hours.
https://twitter.com/VO Xmarkets/status/1554065047126773760

Tier1 is key!