Member Info for Max111

XRF is actually key and how they have been getting round the lab delays. Eg. they went from Phase1 straight to Phase2 at Hanc0ck using XRF (there was even a marked increase in the lab results compared to XRF when they came through).

Same at Elizabeth Hill. The XRF results they were getting (plus visible silver & copper in drill core) spurred them to do a follow up RC + diamond tail drill program at EH straight away.

So XRF is how they are playing it.

So what is your interest in UFO?

Chris2 You don't think strong physical demand (esp when there is a shortage) has any bearing on silver and thus UFO and SILJ? Maybe study some charts.

What price are you trying to buy back in at Chris2?

Interesting how people don't see the correlation between UFO and silver.

My money is on that they will find the source of Elizabeth Hill under the valleys surrounding.
https://twitter.com/AlienMetals/status/1441320395261419522

Also we are just about going into a strong PM season. Indian wedding season is between October to December. Then Christmas. Then Chinese New Year. All whilst there is a global silver shortage. Should be fun :)

x3 of the 1M trades are all at exactly same time, 10:48:44 meaning duplicate/cancelled. Interesting.

What I find interesting is that no one is factoring in the $32 Trillion dollars (34% of global GDP) has been printed globally since the beginning of the pandemic much of which is focused on infrastructure and is now starting to filter through. Plus no one is factoring in the $1 Trillion Infrastructure Bill that will be voted on Monday 27th September (which IMO will be passed). Perfect timing for the lag effect to affect iron ore prices for when we go into production.

$120/t Iron Ore price today. Alien yesterday announced a maiden Inferred iron ore resource in excess of 10Mt at 60.4% Fe at the Han**** Project.
https://twitter.com/AlienMetals/status/1441323117675089922

The valleys of Elizabeth Hill being geologically mapped. #UFO #Silver
https://twitter.com/AlienMetals/status/1441320395261419522

Maiden Pilbara resource for Alien
https://www.miningnews.net/resource-definition/news/1418230/maiden-pilbara-resource-for-alien

This article was published in Mining Journal, but couldn't read before since behind paywall.

Bill told the publication some important details:
"From very initial high level scoping study review work, we are very confident the economics of this project will be very low with a very small capex to get started, along with the high quality of the ore and, more significantly, the upside potential of the tenement to host substantially more DSO grade material in the ridge systems," said Good.

"We feel that the current iron ore price will level out soon to a more acceptable level and high demand for the DSO grade material will continue as there is still huge growth in the pipeline, hence the need for quality raw materials."

Good said Alien had started initial concept studies, which were "extremely positive for having a very competitive breakeven cost even with the current dip in the iron ore price, especially if you factor in the location of the project, the very low capex needed, with no railway or port building needed or even huge pre-strip requirements".

Then the article mentions, "Han**** is one of two tenements that sit within the Hamersley project, which borders licences held by Fortescue Metals Group, Han**** Prospecting and BHP."

So the options for our economic high-grade DSO sitting at surface are there:
Standalone, IPO/Spin-off, JV or large cheque.

Looking very promising indeed for shareholders :)

One key takeaway for me is that the company are now getting round the long lead times for lab assays by using XRF.

He said they have had success with XRF in terms of comparison with its reading to lab results. XRF results will then help put things together for the next phase.

This shows the great innovative, entrepreneurial nature of Bill to drive the projects forward despite industry delays.

Hi Dip. Is this a UFO webinar? Do you have a link?

Yes Prospector. Upside2020's analysis of sat images is showing they are drilling about 1/2 kilometre outside the ore body!
https://twitter.com/Upside20201/status/1439884872735133703/photo/1

Can't wait for the next lot of XRF results :)

Also don't forget to add Brockman which has a high case tonnes of 233 Million Tonnes, which might be revised upwards since RNS 9/10/20 stated they found a larger amount of Brockman Iron Formation than originally thought.

Sentiment in the metals markets has been down for temporary reasons:
Taper talk (now kicking can since they can't meaningfully taper), China temporary restrictions for pollution (global steel shortage means production will be ramped up) and Evergrande Collapse (now restructure deal with bondholders taking place).
Trillions have been printed and will continue to be printed so sentiment will come back very strong. Just need to be positioned.
Wents you say, "spread of 12.50% adds no real value". However, 1min before the close today I was getting quote to buy 2M shares at 0.90p (0.899p). Just a little more buying pressure and we will be in the 90s, then we break the 200-Day Moving Average of 1p. It can take days or months to multibag, but it is starting to feel very much like October last year.

https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-wednesday-22nd-september-2021-via-vox-markets/#gs.bysj0r
"The latest May trend line break and clearance of the 50 day moving average at 0.8p opens the door for a rebound towards that month’s 1.20p zone peaks as soon as the end of next month – while 0.8p holds."

1.20p EOM :)

UFO gets mentioned between 4-5mins:
https://soundcloud.com/user-596578261/vsa-capital-morning-miner-220921?utm_source=cards-frame.twitter.com&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fuser-596578261%252Fvsa-capital-morning-miner-220921

It's DSO that the Chinese are after since it is the most efficient and least polluting when converting into steel.
Great news today that so far we have in excess of 10M tonnes of it!

"Moreover, recognising that that China’s steel industry aims to reach peak carbon emissions by 2025 and achieve a 30% reduction from peak by 2030, its decarbonisation push is seen providing new demand for high-grade direct feed products, possibly spiking premium ore prices around the time that scale production from Han**** gets underway."

@stevomining aka Pops1980 (that got banned) only your de-ramping is priced in.

UFO smashing through 50-Day Moving Average 0.80p and resistance levels of the low 0.80s.

Good luck with setting up your coup for UFO!

"Ideally located in the highly prospective Pilbara region of NW Australia on the doorstep of giant producers including Rio Tinto (ASX: RIO), BHP (NYSE: BHP), Fortescue Metal Group (ASX: FMG) and Han**** Prospecting, such an outcome could well spark interest from a number of potential development partners." :)

"Assuming Fenix’s own production cash costs of (US$47/t), for example, this suggests it might enjoy a gross margin of c.US$50/t offering opportunity to translate this to EBITDA in excess of US$40/t each year based on current ore prices according to industry watchers."