Member Info for Max111

With Australia to become a hydrogen superpower and UFO having 100% ownership of one of Australia's largest PGE projects which has easy access to oversized vehicles, skilled workforce nearby at Karratha town, Karratha Airport (which has regular flights to Perth), easy access to Dampier Port and very importantly access to the power grid, in a Tier1 Jurisdiction with mining lease in place at EH, I honestly feel IMO that it's just a matter of time that the floodgates of heaven open and pour out riches on UFO shareholders :)

Also silver looking very good for 2022. Going to be a very Happy New Year for the Aliens :)

Interesting article in @MiningOnline that details Australia’s investments in Hydrogen. Alien recently announced the acquisition of the Munni Munni Platinum Project in Western Australia. Platinum plays an integral role in green hydrogen production. #UFO
https://twitter.com/AlienMetals/status/1476864444542165013

Australia to become hydrogen superpower

Highly prospective detail of Brockman Iron Ore - looking forward to testing in 2022
https://twitter.com/AlienMetals/status/1476817386300923937

:) Silver about to move again. So many people have capitulated. Going to take a lot of people by surprise.
Bodes well for UFO since we are about to re-open the highest grade silver mine in Australia having commissioned the original mining team :)

Hi Kando. Most silver mining companies grades are around 100-200g/t.
UFO's Elizabeth Hill silver mine has bonanza grades averaging over 2000g/t. They only stopped mining back in 2000 since the price of silver was around $4/oz.
At today's silver price, the mine becomes very economical.
One to watch. 2022 is going to be a great year for all silver investors. ATB, Max.

Yes silverhorse. Gina Rinehart now has a net worth US$22.4B.
https://www.forbes.com/profile/gina-rinehart/?sh=5aadce4d2db7
She can't just keep her cash in the bank. Needs to reinvest into future production.

UFO's tenements were obtained via a ballot which BHP, Rio & FMG also applied for. In Western Australia if more than one company applies it goes to ballot.

For Brockman, the average iron content of four rock-chip samples from prospect BHP19 was 62.8% Fe and the average for four samples from prospect BHP20 was 62% Fe!
Since they were back out there with helicopter support, I would expect drill permits soon then drilling to start.

Finally in front page of https://www.globalminingreview.com/

Alien Metals to acquire outstanding 70% of Munni Munni PGM project
https://www.globalminingreview.com/exploration-development/30122021/alien-metals-to-acquire-outstanding-70-of-munni-munni-pgm-project/

“We are very excited to be in a position to become the 100% holder of one of Australia's largest PGE projects."

“With the growth of new and vital technologies, cleaner vehicles globally that will need more platinum, palladium, silver, copper, nickel and associated metals in an ever-growing market, we feel this is a fantastic opportunity for the Company and are really excited to get started.”

Interestingly UFO Alien Metals hold tenements right on the boarder of BHP.
https://www.alienmetals.uk/projects/wa-iron-ore/

They have discovered high-grade DSO and within just 8 months of drilling announced a JORC compliant inferred Resource with an in situ value of over US$1bn.
They have just completed a 3rd round of drilling to increase the Resource further.

They will soon also drill their Brockman tenement which contains prospect BHP19 and BHP20!
https://twitter.com/AlienMetals/status/1476459630578569218

UFO's tenements were obtained via a ballot which BHP & Rio also applied for. In Western Australia if more than one company applies it goes to ballot.

UFO has a tiny market cap of £26m compared to Rio's Mkt Cap of £111bn. GLA

Silver has had a very frustrating year. However, IMO silver will hit its ATH of $50 in 2022.

The best large cap silver miner on LSE is FRES. Mkt Cap = £6.5bn.
The best mid-tier silver miner on LSE is HOC. Mkt Cap = £653m.
The best junior silver miner on LSE is UFO Alien Metals. Mkt Cap = £26m.

Alien Metals is about to get permits for x2 high-grade silver mines in Mexico and is also set to re-open the highest-grade silver mine in Australia.
One to watch https://www.alienmetals.uk/

UFO has a tiny market cap of just £26m compared to FRES Mkt Cap of £6.5bn. GLA

Interestingly UFO Alien Metals has 100% ownership of x2 high-grade silver mines near Fresnillo which they are finally about to get drill permits for.
https://www.alienmetals.uk/

UFO is the best junior silver play on LSE and is also about to re-open the highest-grade silver mine in Australia.

This year has been very frustrating for silver but IMO silver will hit its ATH in 2022.
"That in turn bodes well for companies that predominantly produce silver, like Fresnillo (LON:FRES), or companies that have significant silver components to their exploration efforts, like Alien Metals (LON:UFO)."
https://www.proactiveinvestors.co.uk/companies/news/924710/the-gold-silver-ratio-narrows-providing-boosts-to-companies-like-fresnillo-and-alien-metals-924710.html

Interestingly UFO Alien Metals hold a tenement right on the boarder of Rio Tinto:
https://www.alienmetals.uk/wp-content/uploads/Untitled-design-2020-08-26T143843.624-1024x633.png

UFO will drill it soon
https://twitter.com/AlienMetals/status/1476459630578569218

UFO's tenement was obtained via a ballot which Rio also applied for. In Western Australia if more than one company applies it goes to ballot.

UFO has a tiny market cap of £26m compared to Rio's Mkt Cap of £79bn.

Also Gina Rinehart (Australia's richest person) is our direct neighbour to the north of the UFO Han**** tenement. Our Sirius Extension deposit passes into her tenement and she is on a buying spree. She invested in another company a couple months ago also.
IMO only a matter of time before she start knocking on our door.

@iPhoneiTrade, paid ramper? I don't need to get paid. Just need to be a shareholder. As Rick Rule says, investors are the only people that complain when it gets cheaper to buy! Take advantage of it.

Yes MP, and also in TP's 2/12/20 Research Note it stated that neighbouring mines included the Hamersley-Channar iron ore mine which was a Rio Tinto JV through its wholly owned subsidiary Hamersley Iron and Sinosteel Channar.
It produced 11M tonnes per year and produced total of 290M tonnes and is now at end of its mine life, so will need replacing also.

The heritage surveys for Brockman should hopefully be completed now, then permits only take a couple weeks in WA.

Brockman is right on Rio Tinto's boarder:
https://www.alienmetals.uk/wp-content/uploads/Untitled-design-2020-08-26T143843.624-1024x633.png

Rio is currently producing low grade SP10 and only has enough reserves to sustain production for about 6 years.
Also demand now is for the high-grade that we have since it is the least polluting when converting into steel.

The quickest way to travel in the Pilbara! Site visit to Brockman Iron Ore Tenement, pre Xmas 2021
https://twitter.com/AlienMetals/status/1476459630578569218

Check the Baltic Exchange Dry Index. It's massively down from it's peak in October.
The shipping companies are still making a massive amount of money. Say $15/t x 100,000t = $1.5M per shipment! It's a good business!

The Iron Ore juniors are now hedging the price prior to production & shipping. This is what Fe Ltd recently did.

Also as Bill previously said, we will used Fenix's contractor model which is designed to be turned on & off depending on the iron ore price.
That's the great thing about having the diversified portfolio of Iron Ore & Silver close to each other in the Pilbara. There will always be work to do and profit to be made.

@Peanutty, Shipping costs from Tubarao Brazil were $50/t earlier this year.
However, from Port Hedland they went up to just over $20/t at the peak this year. Now below $15/ton.
Fenix has higher shipping rates from Geraldton Port since they can't use large Bulk Carriers. Maximum loading capacity for Iron Ore at Geraldon Port is only 60,000t.
https://www.ssyonline.com/free-charts/bulk-carrier-freight-rates/#

BTW the drampers claim that UFO is a CEO "life style company" has proven to be absolute nonsense.
The interim results stated UFO had US$3.7M cash in the bank as of 31th July.
They have been spending shareholders money very wisely and cost effectively.
Turned a tenement to a JORC compliant inferred resource with in in situ value of over US$1bn DSO within just 8months of drilling. Scoping study within 9months of drilling! Unheard of in such a short space of time, especially during a pandemic!
Which other junior on AIM has done this this year?

This £10,000 buy is probably in response to smiller who kept demanding Bill put his hand in is pocket and buy some shares.

Bill should have exercised some of his 45M share options that are priced between 0.45-0.55p.

However, if he did that then people would say he is just about to flip some shares to cash in. Really can't win!

Bill has big plans for UFO and is in for the long-haul. He will be a rich man when SP goes double digits at production/takeover and it will be very well deserved.