Member Info for Max111

Lonmin plc (acquired by Sibanye-Stillwater in 2019) has already invested over A$20 in Munni Munni and only withdrew in 2003 since palladium tumbled from $600/oz to $250/oz.

The project is sound & high-grade. Palladium now up 3% today and will keep rising.
Patrick Karim has Platinum at 5500$ oz by 2030
https://twitter.com/badcharts1/status/1485389425836236807

Then add the Green Hydrogen economy demand that the west is aiming for.
Munni Munni has to eventually go into production. All boxes are ticked especially now the whole region has been consolidated to facilitate JV.

@norm, Chalice Mining only has 10Moz of PGM at 1/3 the grade of Munni Munni and they are worth billions.
Plus they have drilled down to 800m where as Munni Munni is only drilled down to 250m and remains open at depth and along strike.
Also the area hasn't been explored with new technology for decades and is massively underexplored.
What is under or around the Cadgerina Dyke, which is interpreted to be the feeder zone of the Munni Munni intrusion?
How much battery metals do we have at the Elizabeth Hill halo (high-grade copper & nickel xrf readings) and other halo areas and around the whole Munni Munni region? PGE tends to have battery metals associated with deposit.

Also can the west now rely on Russia for critical PGMs (which are one of the rarest metals on earth) when they are threatening to sanction them for invading Ukraine?
Also S. Africa experienced instability last summer and is expected to have long strikes this year.

Which other Tier 1 PGM projects the size of Munni Munni have access to infrastructure, power from grid and mining lease in place with no conservation issues?

Silver getting ready for a huge rally. It's got a lot of catching up to do with gold to get to it's previous ATH.

FRES is down today due to production being down and also their grades are dropping, which goes to show they really need to do some M&A to boost production & grades.

This bodes very well for HOC which is the best mid-tier silver miner on LSE
and UFO Alien Metals which is the best junior silver miner on LSE (which has x2 high-grade silver mines next to Fresnillo).

The Production Report really shows that Fresnillo need to invest into future production and improve grades.
Thankfully, UFO Alien Metals has x2 high-grade silver mines with bonanza grades near to Fresnillo which they are about to get permits for.

If FRES want to increase production and grades, then they should really JV with us on San Celso & Los Campos near by which have bonanza grades!
Silver permits should be dropping soon, then we drill "easily" within a few months. Plus they are being marketed by IBK Capital :)

(#UFO.L) Investor Event to be held at the Radisson Blu Hotel in #Edinburgh on Thursday, 10 February 2022.
https://twitter.com/Share_Talk/status/1486249174567993345

https://www.londonstockexchange.com/news-article/UFO/investor-event/15302096

Yes Vosgi, also don't forget Iron Ore, price up 3.1% today to US$137.85 a tonne!
https://twitter.com/CommSec/status/1486100324775772160

@Wents, like I said, UFO can literally do nothing for many years and still not go bust. Ie close the doors and just pay any wages & fees necessary to keep the assets.

@Dragline. What with over £6M cash in the bank. UFO can literally do nothing for many years and still not go bust.

Mining Plus & ex-FMG Lloyd Edmunds are fast tracking IOCA to shovel ready status in the shortest time possible. So don't worry about the in situ value of over US$1bn of DSO sitting at surface.

Silver is getting ready for a huge rally. Go head an short it along with silver juniors like UFO for extra leverage :)

Silver just turned green and so did all silver miners. SILJ up almost 3% now.
Looking forward to tomorrow's FOMC meeting :)

@5x5Croire, Venture didn't suspend production due to having only 2Mt iron ore.
They suspended due to pressure from conservation groups and mainly due to the fact that their shipping rates went up to $54 per tonne.
https://www.reuters.com/world/asia-pacific/small-australian-iron-ore-miner-suspends-operations-after-one-shipment-2021-09-17/
Just need to look at where Tasmania (compared to Port Hedland) is and number of freight ships operating.

Shipping rates from Port Hedland only went to a maximum of $21.35/t at the covid peak last year. So we would have still been profitable with production costs of under $60/t FOB.
Shipping rates are currently around $8.85/t from Port Hedland.
https://www.ssyonline.com/free-charts/bulk-carrier-freight-rates/#

@5x5Croire, drilling is different from going into production next to a conservation park.

Chalice are trying to minimising our environmental impact of drilling though:
https://twitter.com/ChaliceMining/status/1484031632596410372

@5x5Croire, Munni Munni has much higher grades than Chalice Mining's PGE deposit.
Chalice Mining have extensively drilled down to 800m and have ave grade for their Resource of 0.94g/t PGE.
Munni Munni has only been drilled down to 250m and has ave grade for the 2004 JORC Resouce of 2.9g/t PGE (triple the grade of Chalice Mining).
Plus Munni Munni is one of the most significant underdeveloped primary PGE resources in Australia (Chalice Mining has 10Moz of PGM, but ours will increase significantly with exploration).

But the key benefit of Munni Munni is that we have the mining lease in place at EH.
Chalice Mining is next to a Conservation Park close to Perth, so it may never get developed even though they are worth billions!
https://www.change.org/p/the-government-of-western-australia-prevent-the-exploitation-and-destruction-of-julimar-state-forest-in-wa-by-chalice-mining

Yes the reason we are not seen as a PGM play yet is why the SP is so low.
The 2004 JORC Resource now has an in situ value of over $4.7bn (open at depth and along strike) with the whole Munni Munni region consolidated to facilitate JV with access to infrastructure, power from grid & mining lease at EH.

And yes I agree, a potential invasion will not require war but will lead to sanctions on Russia.

A lot of traders came in last week, and exited yesterday & today in the market rout when there weren't many buyers, hence the drop. Take advantage of it. Personally I'm not done accumulating.

Also news about Russia potentially invading Ukraine leading to harsh sanctions on Russia is actually a massive positive for Tier 1 Munni Munni since Russia are the worlds 2nd largest producer of PGMs.

With regards to the mining permit the IOCA RNS 1/12/21 stated:

Statutory Approvals
As part of our FAST TRACK STRATEGY, IOCA have engaged Green Values Australia (GVA) to begin IMMEDIATELY the necessary suite of studies and permitting requirements to get a mining licence granted to IOCA for the Han**** project initially. GVA is highly experienced in the development of approvals for mining projects through Western Australia and South Australia, with knowledge on the studies, approvals and permitting processes associated with project development and IOCA is pleased
to have them on board and working alongside to achieve TIMELY GOALS.
https://www.rns-pdf.londonstockexchange.com/rns/1161U_1-2021-11-30.pdf

They are definitely not wasting any time :)

We had $3.7M cash in the bank as of 31/06/21 and just raised £4M cash in November and £300k through warrants last Friday.
We are in an incredibly strong financial position, whist other juniors are now stuck.

With regards to raising the $30M capex which was stated in the Scoping Study for Hanc0ck (which is tiny for mining) Glencore provided Fe Limited with their Capex and off-take agreement plus all sales were on FOB basis (so Fe Limited didn't have to pay for freight costs).
https://stockhead.com.au/resources/glencore-wants-all-of-fes-iron-ore-from-its-jwd-mine/

Regarding plan for Hamersley development see RNS 1/12/21:
New Iron Ore Company established to expedite development
https://www.rns-pdf.londonstockexchange.com/rns/1161U_1-2021-11-30.pdf
Activities either commenced already or already ticked off the list!

Regarding Elizabeth Hill see RNS 9/12/21:
Elizabeth Hill Silver Mine set to be re-opened
https://www.rns-pdf.londonstockexchange.com/rns/0443V_1-2021-12-8.pdf
Assays due!

Regarding Mexico projects:
Permits to be issued soon and will drill them within a few months!

Regarding Munni Munni see today's tweet:
https://twitter.com/AlienMetals/status/1485631774977835010

Twitter Update @AlienMetals
Ridge C high-grade #IronOre prime for development, Han**** Project, January 2022 Flag of Australia #UFO Diamond Drill Core Program underway.
https://twitter.com/Share_Talk/status/1485662291739697153