Member Info for Max111

@Smiller, just need to read p.31-32 on Corporate Presentation https://www.alienmetals.uk/
"San Celso hosts two historic underground silver mines that contained Bonanza Grades"
Los Campos "10km east of Endeavour Mining Corp’s 6moz El Campos Silver Mine"
Our Los Campos has a similar if not larger system with higher grades then Endeavour's El Compas.

You might want to put all these projects in the drawer for a couple years and focus on just Hamersley, but acquiring 100% of Munni Munni now is literally once in a lifetime opportunity that is not going to wait. Simple as that.

@smiller. Mexico is a game changer. We are very fortunate to the the legacy silver projects that Arian Silver actually floated on in 2006. These primary bonanza grade silver deposits are extremely rare now.
Permits coming in Q1.
Also depends on where you think the price of silver will go in 2022.

It's all about unlocking Munni Munni for JV with a large player.
Just need to look at the map. Over 8km of PGE strike that was going from Elizabeth Hill, Munni Munni North, Platina & Artemis's Munni Munni PGM project (snaking in and out tenements).

As Artemis tweeted today, "Great deal for all and now its consolidated Munni Munni should fly!"

Personally I can't fault any of the decisions the BOD have made and I am truly astounded by what they have achieved so far.
Who would have thought UFO would get 90% of Hamersley (we used to dream of it) and 100% of the whole Munni Munni region (never dreamed it was possible)! Incredible.

In the short-term the SP, market and sector will do it's own thing and we will keep pushing on to unlock the projects into the metals secular bull market.

@Smiller, you prefer to sell/put on hold Mexico projects!? You must be mad. SP will re-rate massively once silver permits are issued in Q1.
You forget our business model. We are a project generator. We make acquisitions, bring up value curve via geo exploration work, then JV for free-carry to development or sell. Unlock value for shareholders.
So far we have developed an inferred JORC Resource on Hanc0ck.
If we need money in future, just need to sell the Sirius extension which passes into Brockman Mining's Sirius deposit, or Hanc0ck Prospecting's tenement to the north.
We don't sell prior to bringing up the value curve.

We now have 100% of JORC 2004 Resource of 2.2Moz, comprising 1.14Moz palladium, 830,000oz platinum, 152,000oz gold and 76,000oz of rhodium.
• 1.14Moz Palladium x $1,828/oz = $2bn
• 830,000oz platinum x $968/oz = $803,440,000
• 152,000oz gold x $1,800/oz = $273,600,000
• 76,000oz rhodium x $12,875 = $978,500,000
Total of UFO Munni Munni 2004 JORC Resource = $4,055,540,000 in situ value.
Compare that with UFO’s current Market Cap of just £26M!

But the key thing is that the Resource remains open along strike and at depth!
None of the PGE strike in Munni Munni North has been drilled, and Artemis only did infill drilling (no exploration). The whole region is massively under explored and we now have over 20 large air mag targets, many of which lead to the Cadgerina Dyke, which is interpreted to be the feeder zone of the whole Munni Munni intrusion!

As Bill said in a previous interview, he will do RAB/Air Core drilling to keep costs down. Just need to prove the geological models of the strike and update the 2004 Resource. Beautiful consolidated PGM package for a JV deal.

We were up 3.7% when I last posted with a 1M buy near to close, but an after close sell notched us down.

Good to see we ended the day up.
The market will soon wake up to the potential of unlocking Munni Munni.
New PGE prospects this size can presently only be found in higher risk locations such as Africa & Russia and we will need a lot of PGMs for the future green economy.

Looking forward to the Elizabeth Hill assays and getting Elizabeth Hill up & running again :)

From the entire $UFO team we wish you all a Merry Christmas and a prosperous New Year. We thank you for your continued support throughout 2021 as we now prepare for a very exciting New Year to come!
https://twitter.com/AlienMetals/status/1473626548741758980

UFO gets a quick mention on Katie's Market Report :)
https://www.youtube.com/watch?v=BzPcSgYBVcw&t=94s

@smiller the current PGM Resource of 2.4Moz which is worth billions is already enough. We don't need to find any more.
However, it's the same over 8km of PGE strike that runs through from Elizabeth Hill (which I'm guessing recent drilling at the J-Reef is showing PGMs) and salamanders between our previous Munni Munni North (3.5km) and the main Munni Munni PGM project in the south.
It's about consolidating it for a JV. As Artemis tweeted this morning, "Great deal for all and now its consolidated Munni Munni should fly!"

Plus ultimately it's about metals prices and Palladium is set to have a great year in 2022.

@Smiller, Project Generators don’t sit still, the buy assets bring up value curve then sell/JV/develop and deliver and unlock value shareholders.

This consolidation of 100% of the whole Munni Munni region is an incredible achievement.
Who would have thought this was possible. And now Munni Munni will be unlocked. Upside potential is actually even much bigger then Hamersley!

PGE prospects this size can presently only be found in higher risk locations such as Africa, Russia etc.

Alien Metals to become sole owner of Munni Munni project in Australia
https://www.vo xmarkets.co.uk/articles/alien-metals-to-become-sole-owner-of-munni-munni-project-in-western-australia--863d1a1/

(need to delete space in vo x to make link work).

Alien Metals buys out Artemis Resources stake in Munni Munni project
https://www.stockmarketwire.com/article/7225084/Alien-Metals-buys-out-Artemis-Resources-stake-in-Munni-Munni-project.html

Alien Metals takes full control of Australia's major platinum group projects in A$4.9mln deal
https://www.proactiveinvestors.co.uk/companies/news/969957/alien-metals-takes-full-control-of-australia-s-major-platinum-group-projects-in-a-4-9mln-deal-969957.html?utm_source=dlvr.it&utm_medium=twitter

Chief executive Bill Brodie Good said: "We are very excited to be in a position to become the 100% holder of one of Australia's largest PGE projects.

“The acquisition will consolidate our landholding in this significant region of the Pilbara.

“The ownership of this major PGE deposit, located so close to one of Australia's highest-grade silver deposits, presents Alien with an amazing exploration and development opportunity.

“After many millions of exploration and development dollars were spent on these projects, the deposits in these tenements were essentially side-lined due to historically depressed metal prices. Subsequently, we feel it represents a significant opportunity to Alien shareholders.”

The bid on Palladium is now $1750/oz and we now have 100% of 1.14Moz Resource of Palladium = $2bn of in situ value just on the palladium!
Then add the platinum, gold & rhodium of the resource.
UFO is massively undervalued & Munni Munni is about to be unlocked.

I never imagined getting 100% of Munni Munni! Dream come true.
The BOD have very skilfully consolidated the landholding, first acquiring the Elizabeh Hill mine, then Munni Munni North and after drilling, Platina's 30% stake and then now Artemis's 70% stake of the main Munni Munni PGM project which already has a JORC Resource of 2.2Moz PGM!
Munni Munni is about to be unlocked and has massive added upside with exploration synergies.
See what happened to Chalice Mining when they discovered the Julimar PGM deposit last year! What happened to EUA?

"Great to announce we along with our JV partners are selling the Munni Munni Project to @AlienMetals who own Elizabeth Hill right next door. Great deal for all and now its consolidated Munni Munni should fly! We will be big shareholders of @AlienMetals!"
https://twitter.com/ArtemisResource/status/1473547244100108291

https://www.rns-pdf.londonstockexchange.com/rns/4186W_1-2021-12-21.pdf

"Iron Ore climbed more than 50% in just six weeks!
Iron ore in Singapore jumped as much as 4% to $129.45 a ton, the highest since mid-October!"

https://bloomberg.com/news/articles/2021-12-21/iron-ore-s-rally-hits-50-as-china-economy-support-fans-optimism?sref=B3F4vkZA