Member Info for Max111

More shares in stronger hands today.
With silver & iron ore moving up we should see money flowing back to the juniors and we are in a very strong position.

Beginnings of the new camp at Elizabeth Hill
#UFO work continues into the festive season
Elizabeth Hill is the only pure #silver mine in Western Australia set to re-open
https://twitter.com/Share_Talk/status/1472877501231910912

Also it's very important to note that PGM prospects the size of Munni Munni can presently only be found in higher risk locations, such as S. Africa (which experienced instability earlier this year) and Russia etc.

UFO has a key advantage being in a Tier 1 jurisdiction.

@silverhorse, I'm only interested in UFO since it's the best junior silver play on LSE.

We are finally starting to see capital flows come back to the silver miners.

Large Cap FRES with Mkt Cap £6.8bn is finally starting to head back up and is now up 3% today.

Doesn't take much to push a Mkt Cap of £28m.

We now have 30% of JORC 2004 Resource of 2.2Moz, comprising 1.14Moz palladium, 830,000oz platinum, 152,000oz gold and 76,000oz of rhodium,
30% of 1.14Moz Palladium x $1,700/oz = $581,400,000
30% of 830,000oz platinum x $935/oz = $232,815,000
30% of 152,000 gold x $1,800/oz = $82,080,000
30% of 76,000ox rhodium x $12,850 = $292,980,000
Total of UFO Munni Munni 2004 JORC Resource interest = $1,189,275,000 in situ value.
Use a discount factor of 90% = $118,927,500/£89,193,841 or a current value of about 2.23p/share.

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. The whole region is massively under explored and we now have over 20 large targets, many of which lead to the Cadgerina Dyke, which is interpreted to be the feeder zone of the whole Munni Munni intrusion!
Incredible upside, as Chalice Mining experienced last year when they discovered the Julimar PGM deposit.

Good article from yesterday if anyone missed it:
https://www.australianmining.com.au/news/forgotten-silver-mine-sparks-alien-interest/?utm_source=dlvr.it&utm_medium=twitter
"Initial assay results are expected before the end of 2021"

I don't get this idea where people are stating news will be after xmas or new year.
All the recent company communication has stated it is due by xmas/December.
The labs will be shut on xmas eve until January. So they have to arrive by next week.
Plus the initial assays that sent over 3 month ago were for only about 10 holes.

@Paul, you say, "More posts than trades today." However, I can see 53 trades and so far 47 posts.

News will come next week. Don't worry. We are just waiting on the first batch of assays which RNS 9th Sept stated that they will be dispatched to the lab in coming days. So that's over 3 months now.

But you should take comfort in the fact that since you are feeling fatigue and despondent, a significant move up is coming.

https://twitter.com/goldsilver_pros/status/1471543512726265856/photo/1

It's crazy how some people can't see the opportunity to get maximum leverage on silver on LSE.

@Wents, where is all the silver going to come from to meet the clean energy targets for solar & EV's etc at $20?

Remember, Billionaire Eric Sprott has been saying:
"Once this dam (manipulation) breaks you could see $100 silver within a week."

Anyhow, EH will still make profit at $20/oz due to the bonanza high-grade and it's set to re-open soon.

@wentsland, David Brady was saying that Banks are already starting to get rid of their shorts.

Do you seriously believe silver will stay around $20 when the dollar is losing purchasing power at 7% (official figure 6.8%) and the Fed is powerless to do anything about it?!

In a way I'm glad the silver assays have been delayed. It would have been a waste to announce them in a down market when no one is taking notice. Much better to announce them when silver is heading back up.
Michael Oliver who called the silver breakout last year, is saying the breakout momentum level for silver is now lower due to where we are now. Momentum breakout level no longer $30, he was saying it's more like $24.50.

Silver stocks rebounding. SILJ up nearly 5% :)

Now the ECB:
European Central Bank leaves rates on hold despite rising inflation
https://uk.news.yahoo.com/european-central-bank-leaves-rates-on-hold-despite-rising-inflation-125913642.html

Too little too late.
UK inflation is 5.1% and all BOE can do is set rates at near zero (0.25%) whilst maintaining QE at £895bn and next MPC meeting is 3rd Feb 2022!
Once the inflation genie is out, there is no going back in.

Ridge C outcrop east of existing resource near new drill pad, Han**** Project.
https://twitter.com/AlienMetals/status/1471399452443353092

Today is the Bank of England's turn to make a decision on interest rates.
Official UK inflation is 5.1% (well above the 2% target) and interest rates are at zero (0.1%)!

Previously I never imagined a scenario of 5.1% inflation and keeping rates at near zero!

Lets see how much ammo they have and what they can do today.

Improving access into Elizabeth Hill to accommodate equipment delivery for reopening of the mine. #UFO weeks from re-entering the dormant operation.
https://twitter.com/Share_Talk/status/1471378818434744323

Improving access into Elizabeth Hill to accommodate equipment delivery for reopening of the mine.
https://twitter.com/AlienMetals/status/1471376828019646464

Plus Fed continues to buy assets and expand the balance sheet (but at a slower rate, aka taper).

J-Powell also admitted inflation will run above the 2% goal well into next year and said there's a real risk that inflation may be more persistent. All whilst keeping rates at zero!

And the Senate just voted to raise the debt ceiling by $2.5 trillion!

Plus Biden's $1.2 Trillion Infrastructure Stimulus fully signed into law and will add $1.9 Trillion Build Back Better.

Hopefully the market finally starts to wake up!!