RE: Investor Forum5 Jul 2022 10:38
Interesting how ESG is becoming UFO's key advantage.
EU stated:
“Things like lithium, cobalt, critical materials, but also iron ore. We want to buy from Australia, no longer from Russia.”
Then you look at ESG causing Rio Tino to not advance on Simandou with pressure from NGO's citing "ecological catastrophe" if Simandou goes ahead with the huge biodiversity & endangered chimps etc.
Plus obviously there is the ESG of political instability with their recent military coup and junta currently in power.
In South Africa which is largest platinum producer and 2nd largest palladium producer, recently the Trade Unions have been organising strikes and trying to nationalise the mines! Stay clear!
Jeff Currie (Global Head of Commodities Research in the Global Investment Research Division at Goldman Sachs) keeps stating that we are going to go through a Commodities Supercycle because of ESG. New mines are not getting built because of ESG.
This is great for UFO since as Bill said in the presentation Hanc0ck only requires tiny Capex, which they have actually brought down since they have been minimising costs etc to get project over the line.
This is this why UFO is very different from other junior stocks!!!!