Member Info for Max111

The truth is that most juniors will never make any profit. Rick Rule of Sprott said it's 1 in 3000 chance.

That's what makes Direct Shipping Ore (DSO) so special and why the BOD have made a JORC on the Sirius Extension a priority.

Goldman Sachs has just said, "Iron ore bull market likely to run until at least 2023". Perfect for UFO to cash in.

Personally I'm an old fashioned guy that believes in intrinsic value and doesn't buy things like Non-fungible tokens (NFTs).

It's good to know that UFO now has a downside valuation of 3p (if you only believe we will only achieve the low case of 74M tonnes) and an upside valuation of 10p (if you believe we will achieve the high case of 245M tonnes, which Turner Pope said might be revised upwards due to a discovery of several kilometres of BIF ridges).

Only 3 more days until silver tailings extension runs out. There is dough to be made from the tailings with recovery rate of 90% and average grade of 472g/t.

Chris2, the larger the base, the higher in space.
If you don’t use a separate alias and if you are not interested in UFO, why do you post here and not on HEMO?!
You say you didn’t promote HEMO, but wrote:
“the risk/ reward is swinging to a favourable buy in my opinion” when the SP was 2.40p.
Which ForrestGump at the time replied that he might buy HEMO.
Oh, so you made money on HEMO by cross-ramping here?!

Alien holds the Brockman and Han**** Ranges high-grade iron ore projects in Western Australia.

https://twitter.com/AlienMetals/status/1417127092794318852

Chris2, you were also promoting HEMO on UFO's BB a few weeks ago when the SP was 2.40p. Today it's 1.90p.
What a genius you are! LOL

"Iron ore prices will reach $300 a ton in a year or two on strong demand and tight supply: Analyst
Demand rebound from around the world, along with disrupted supply will drive iron ore price higher, says Barry Dawes of Martin Place Securities."
https://www.cnbc.com/video/2021/07/16/iron-ore-prices-will-reach-300-a-ton-in-a-year-or-so-analyst.html

Just imagine the profit involved at $300/tonne!!!!

Thankfully UFO is set to be the next junior to bring on an iron ore project from the Pilbara.

DSO baby!!

Nice 2.3M buy @.85p.
Hopefully we get the 1st batch of Iron Ore lab results next week and tailing news (extension ends Friday).

Very true 5x5Croire. The situation in South Africa hasn't been mentioned on this BB before. It's very sad for the people there.

"It's A War Zone" - South Africa To Deploy 25,000 Troops As Country On Brink Of Civil War
https://www.zerohedge.com/geopolitical/its-war-zone-south-africa-deploy-25000-troops-country-brink-civil-war

This is why jurisdiction is number 1 on my list.
Also it's important to note that South Africa are the largest producers of PGE.
Second is Russia, which is also risky.
Munni Munni has the 3rd largest deposit of PGE and we own 3.5km of the 8km of PGE strike.
Platinum prices have to pop soon.

Thanks for sharing info about Rio Tinto today 5x5Croire.

In the RNS it stated:
"Operating costs:
• Pilbara iron ore 2021 unit cost guidance is now $18.0-$18.5 per tonne (previously $16.7-17.7)."

Their profit margin is absolutely incredible!

UFO RNS 20/5/21 stated:
"The Company is in the process of commencing a follow-up drill program on the Han**** licence with a view to generating a maiden JORC compliant resource and, once permits have been received, we will commence our maiden drill program at the Brockman licence as well, which contains historic BHP iron prospects and remains an exciting licence IN ITS OWN RIGHT."

In TP's 2/12/20 Research Note it stated that neighbouring mines included the Hamersley-Channar iron ore mine which was a RIO TINTO JV through its wholly owned subsidiary Hamersley Iron and Sinosteel Channar. It produced 11M tonnes per year and produced total of 290M tonnes and is expected to close next year.

Fenix is a listed company with under 10M tonnes and has a mine life of 6.5 years.
Brockman has an estimated target of 233M tonnes!

Brockman would make an excellent JV so close to existing mines (that need to be replaced) & infrastructure. I think the way they might possibly do it is as a spin-off separate company in its own right, then JV?
Lots of options. Just got to keep bringing them up the value curve at the moment.

https://www.londonstockexchange.com/news-article/UFO/remote-access-to-annual-general-meeting/15061425

UFO AGM is less then 2 weeks away now. So IMO they will give us plenty to eat before the AGM.
News is due on 1st batch of lab results.
Tailings extension runs out end of next week and I have heard the lab being used for the tailings, ALS Perth is back up to speed on getting assays done.
Elizabeth Hill drill date RNS due as soon as drill rig sourced.
Drill permits on Brockman due hopefully this month.
Have a nice day Aliens :)

https://www.foxbusiness.com/economy/producer-price-index-june-2021

Inflation is not going to be transitory.
Hopefully the markets will soon understand this.

Alien Metals provides Donovan 2 exploration update:
https://www.globalminingreview.com/exploration-development/14072021/alien-metals-provides-donovan-2-exploration-update/

I always felt Teck Resources which are significantly closer than Capstone to Donovan 2 would be a better partner.
Just need some positive results now from the 55 planned samples and MMI.

https://www.proactiveinvestors.co.uk/companies/news/954940/alien-metals-sticking-largely-to-original-drilling-plan-at-donovan-2-project-954940.html

Also the fact they have now got a newly rented warehouse facility close to Donovan 2 and San Celso to me indicates that they plan to start work at San Celso also.
It was always the plan to drill San Celso before Los Campos.

I'm shocked the original high-priority targets identified by Alien prior to Capstone’s involvement remain untested!

The MMI technique proved very successful at the San Nicolas project.
Still a lot of potential in finding the source of the mineralisation.
Good that work has started in the plan to obtain 55 samples.

http://www.rns-pdf.londonstockexchange.com/rns/1424F_1-2021-7-13.pdf

https://www.lse.co.uk/rns/UFO/exploration-planning-for-donovan-2-copper-gold-5s5qymznd3uamj3.html

#Alien holds the Brockman and Han**** Ranges high-grade iron ore projects in Western Australia.
https://twitter.com/AlienMetals/status/1414954380290404353