RE: A bit of fun guesstimate13 Dec 2021 11:01
IMO UFO will be one of the very few shares that will be in the 10-bagger club next year (with or without a silver bull run).
After current drilling at Hanc0ck ends next week (to upgrade & expand MRE), they will do another round of drilling to expand the resource even further next year.
We should get the permit for Brockman soon and next year start converting some of the estimated target of 233M tonnes to a JORC! Brockman will be huge!
Once Lloyd Edmunds gets Hanc0ck "shovel ready" then JV offers likely for IOCA.
Elizabeth Hill = huge potential. Already have a dated JORC silver resource that exits, just needs to be updated, defined and expanded. We will soon find out what’s in the EH halo.
Bill mentioned that there are potentially 2 more egg yolk & white Elizabeth Hill systems next to the current mine!
Munni Munni = incredible potential. There are 20 large priority targets. They will work their way from the EH mine base camp and following the PGE strike all the way back to the feeder zone source at the Cadgerina Dyke. Each of the 7 highest priority targets they drill out should add significant value. See Chalice Mining’s chart when they discovered their Julimar PGM deposit last year = 55-bagger!!
Munni Munni PGM project = 30% interest of over 2m oz PGMs. This is a strategic asset which will be expanded. Re-rate potential on this is huge with the new consolidated EH region. Larger resource region = better JV potential.
Mexico = permits due very soon and then start drilling. IBK Capital were marketing San Celso & Los Campos, so JV after initial drilling likely (especially since they are near Fresnillo and Endeavour Silver).
Donovan2, the original high-priority targets identified remain untested (RNS 14/7/21). I have a strong feeling they will find the VMS source of the 3% copper samples. Then Teck Resources next door would be a perfect JV partner and we would get much better JV terms.
Greenland = Ironbark Zinc just got green light & $US657 million funding! Bill previously said they were talking to and actively seeking JV partners for Greenland, so definitely possible next year.
So literally all our projects have JV potential next year!
On the 4th Nov placing they initially tried to raise £3.5M, but then went to £4M due to the demand.
Looks like the sellers are done now. I really can’t see this below the placing price of 0.85p for much longer. Then we get silver assays & silver permits. Then just imagine a silver bull run next year with silver hitting it's ATH of $50!
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