RE: UFO have over $1billion iron ore at Hanc0ck17 Nov 2021 18:45
myavian, do you think silver is going to stay around $25/oz when we are running at a silver mining deficit and there is now going to be massive demand for solar, EVs etc?
Eg USA is planning to generate 40% of all electricity by solar by 2035. Similar goals by other countries around the world.
Please explain to me where this silver is going to come from where it can be supplied at $25/oz!!??
Billionaire Eric Sprott, has always said, "Once this dam (manipulation) breaks you could see $100 silver within a week."
Just need to be positioned, and UFO gives you maximum leverage on LSE.
Plus people don't view Iron Ore as a green metal, but it is an essential metal required for all solar installations, wind turbines (One 5-megawatt turbine requires 900 tonnes of steel or 1,440 tonnes of iron ore), all EVs, high-speed rail etc etc.
It's impossible to transition without using a lot more iron ore.