RE: Alien Metals Tweet4 Mar 2022 12:12
Spot prices matter. It is the reason why Gina Rinehart of Hanc0ck Prospecting has been raking it in and is now Australia's richest person and why she has recently been on a buying spree (since she can't keep her money in the bank and needs to invest into future production). We are currently in talks with her company!
San Celso & Los Campos are being marketed by IBK Capital, so same situation there.
It's especially the case for the silver juniors since silver is such a small tight market.
During silversqueeze last year (on just the attempt to break $30/oz) UFO's SP went from 0.85p to 1.60p within 3 days and we traded over 600M shares!
What happens when we actually break $30 this time and then head to previous ATH of $50?