Member Info for Max111

The Royal Mint have now sold out of 1kg bars and are about to sell out of 500g bars:
https://www.royalmint.com/invest/bullion/bullion-bars/silver-bars/

You can sense something is about to happen to silver soon. Perfect timing for UFO with re-opening EH & silver assay results and Mexico silver permits!

In the interview on the 5th Nov, Bill stated, “We are looking at opening up the old underground mine. We are just finalising discussions with a party to do that.”
I have no idea who the other party is. Can't wait to see inside though!
I didn't hear about any exclusivity agreements for EH.

The last sentence of the website states, "It is anticipated that the initial results will be available in late November."
https://www.alienmetals.uk/project/silver-elizabeth-hill/
In the webinar Bill said he was promised the EH results mid-late November.

Interestingly they also just updated the webpage for Hanc0ck with last sentence saying, "Hand held XRF (pXRF) readings expected soon from 60 Rock chip samples collected during recent field reconnaissance program post laboratory level sample preparation carried out."
https://www.alienmetals.uk/project/iron-ore-han****-tenement/
Phase 3 drilling should commence within a couple days.

Also should get the announcement of the deal to re-open EH with another party any day now.

Plus should get the San Celso & Los Campos silver permits before xmas! With the silver bull ready to make a move, it's actually the perfect storm!

https://www.londonstockexchange.com/news-article/UFO/exercise-of-warrants-and-issue-of-equity/15211347

1,400,000 which is about £11,200.
UFO to receive £3,500 for issuing them.

Well well well. Chris2 the liar is back.

Chris2 when will be selling the iron ore?

According to your research and the article you posted, it stated the Chinese plan to keep steel "output low in 2022 and let it rebound in 2023, 2024". Perfect for when we go into production!

It also stated, "China continues to rapidly urbanize, while infrastructure expansion remains a core part of its latest five-year plan."
"We expect Beijing may have to drive infrastructure hard next year to reach five-year targets, and that should help steel demand."

And most importantly it also confirmed what I stated earlier, "Major miners are largely not expanding production, leading to tight supplies."

Enjoy Biden's signing ceremony tomorrow of the $1.2 Trillion Infrastructure Bill!

*FMG boarders the west

Our current initial JORC inferred resource of 10.4M tonnes wouldn't attract interest from a major if it was in an isolated area.
However, the main Sirius Deposit to the East of our Sirius "Extension" is owned by Brockman Mining and Hanc0ck Prospecting is to the north of our Sirius Extension (Sirius passes through to them). Han**** Prospecting is a multi-billion dollar company owned by Gina Rinehart. They have both been buying other tenements.
FMG boarders the east and BHP boarders the south. They all obviously have very deep pockets.
However, the danger is that with our current Mkt Cap of £30M, it would be cheaper for them to just take us over and then they get Brockman and everything else for free!

Fitch also rated Subprime as AAA!

None of the analysts have factored in Biden's "once-in-a-century" $1.2 Trillion Infrastructure Stimulus which just passed both houses of Congress and Biden is going to sign into law on Monday.
https://twitter.com/SpeakerPelosi/status/1456852294444765184

Of course they were going to engage in Keynesian pump priming or "Build Back Better" as they like to call it.
Same with all the other governments around the world.

China has restricted steel production to reduce pollution for the Olympics. But don't forget, we will be producing DSO which is what the Chinese want since it uses the least energy and is the least polluting when converting into steel.

If you have spoken to people in the construction sector they will tell you a lot of construction projects have been postponed until next year due to the shortage of steel. Then need to add new demand from infrastructure projects that to come on-line as we go into production.

The Australian producers have all stated in their recent reports that their production will remain flat. They have been engaged in replacement tonnage and not additional tonnage. Vale CEO said the Iron ore market will stay 'relatively tight'.
Chinese interests in Africa require about 10 years of development and even then, will only be able to supply 10% of China’s iron ore requirements (without military coups).

Plus with demographics the middle class in Asia is expected to increase from 2Billion to 3.5Billion by 2030
https://www.weforum.org/agenda/2020/07/the-rise-of-the-asian-middle-class

But even in the worst case scenario, Fenix uses the contractor model which is designed to be turned on and off if necessary depending on the Iron Ore price. So no big deal since we will be working up Brockman for JV (Rio has joining deposit on boarder) and working up our fantastic silver deposits for JV.

I remember last November, the SP jumped from 1.13p to 1.53p on speculation that we were about to get the permits.
I almost wrote them off!
Bill has already got all his funds so no need to bluff. What a come back!
And I have a good feeling we will hit some copper and this time we have 100% ownership of Donovan 2, instead of just 20%!!

Thanks for posting this Hufc. I totally missed it.

This is probably the most important update all year!

Brockman = “I’m hoping by the end of the year at the latest we will have all the heritage surveys completed and then get the process moving forward to get those permits in place to be able to do some drilling. We need to do some drilling with Brockman in a similar fashion to what we did with Han****.”

“BHP, Rio, FMG, We know that our big brother neighbours are sort of peering over the fence to see how we are doing and you never know one day they might say actually we would like some of that thanks very much and with the sort of pockets they have they might be complementary to the company and to the investors to move forward along that work stream. We’ll see what the future holds.”

Han****: “There will be a bigger phase of drilling after cyclone season. There is significantly more ground to cover.”

“We will use some of the funding for the development of the Elizabeth Hill project. Significant & exciting and plenty of work to do there.”

Mexico: “I’ve really got my fingers crossed for having a couple of those drill permits through in the coming weeks. I know we have been saying this for a long time, but we have been working really hard to get the last boxes ticked on those. We are very close to that. As soon as that happens we are going to go and drill as we have always said, do some initial drilling on both San Celso and Los Campos silver projects and put some more exploratory holes into Donovan2 Copper project because we still have strong belief that there is something significant there. I am as excited in a way about those as I am about Elizabeth Hill as I am about Han****!”

I can now see a 7M buy showing. Who has Bill been talking to in London ;)

Twitter Update
Point Utah Port facility from above, Port Hedland

"Share_Talk are looking to have Bill Brodie Good, CEO & Technical Director in the London studio later to update holders #UFO Update to follow ASAP"

Sound like Bill is in London. I think he is now going to be busier than a one-legged river dancer! lol

https://twitter.com/Share_Talk/status/1459093338615914520

Point Utah Port facility from above, Port Hedland.
https://twitter.com/AlienMetals/status/1459085699345489923

“San Celso, Los Campos and Donovan2, which I’m hoping to get drilling there very soon”

Bill Brodie Good of Alien Metals explains the drilling programme, starting soon, at their Han**** Iron Ore project
https://audioboom.com/posts/7978556-bill-brodie-good-of-alien-metals-explains-the-drilling-programme-starting-soon-at-their-han****

Drilling “Starting in a few days”

Working it up to get it "shovel ready"

Alien Metals to start Phase 3 drilling programme at Han**** iron ore project
https://www.proactiveinvestors.com/companies/news/965968/alien-metals-to-start-phase-3-drilling-programme-at-han****-iron-ore-project-965968.html

It does state, "to commence in coming days" so not weeks.

Also we should get an RNS soon announcing the deal with the other party to finally re-open the Elizabeth Hill silver mine, just as silver starts its bullish move. The stars are aligned :)

“This work will develop alongside Lloyd Edmunds’ operational development work and the Company is excited to continue to push this significant project forward."

Plus Biden will be signing the $1.2 Trillion infrastructure bill into law on Monday! Perfect timing! :)

http://www.rns-pdf.londonstockexchange.com/rns/0209S_1-2021-11-10.pdf