Member Info for Max111

The tailings on their own will be worth more than £2 in profit for UFO if the deal goes ahead (which I believe it will).

They previously only got a JORC for 4M oz and only mined 1/4 of it and stopped since the price of silver was $4/oz in 2000.
At the webinar Bill said:
“Significantly they only mined certain areas of the underground deposit. The surface, top 50m were not mined, and yet we know there is significant resource sitting there.”
“Within the project there are other targets still to be properly tested. We have a trenching programme to get going as soon as possible along with some initial drilling to further test for repeat mineralised systems at the mine and also start re-testing and filling the blanks from the historic work there.”
“The grades are incredible. We’ve seen some in the database 25,000g/t! You are almost talking about pure silver!
So it’s very important that these things are addressed and this is what we are doing as part of the twin drilling programme to fully understand and be able to update the potential.”

"Head grade of over 2000g/tonne silver. As importantly significant potential of secondary or third mineralised systems along strike from the discovered ore body. It’s highly underexplored."

In the company presentation states:
"Surface resource and depth extension of high-grade mineralization BELOW 100 metres UNTESTED."

Then there is all of Munni Munni to explore which soil samples prove it has silver.

Or silver
or both.

https://twitter.com/DanaWhitney59/status/1404429519658700801

We will soon be drilling the seven highest priority targets delineated for PGE & Silver at Elizabeth Hill.
UFO owns 3.5km of the 8km PGE strike at Munni Munni!
PGE prospects the size of Munni Munni can presently only be found in higher risk locations, such as Africa, Russia etc.

TW is extremely unethical. Instead of asking the question to UFO’s Nomad at Beumont Cornish first, he puts out a piece which got circulated making baseless allegations and calling the Nomad “Roland fatty Cornish”!
There has been no impropriety. As per the 90% interest deal in Hamersley, 3rd party advisers where used and paid a fee.
Starbright, due you really think Dan Smith who has over 12-years of Capital Markets experience in Executive and Non-Executive Director roles and is familiar with the regulated environment of companies listed on stock exchanges, having also served as Company Secretary for Corporations listed on AIM, ASX and NSX, doesn’t know the right procedures?
Do you really think Mark Culbert who has over 20 years’ experience as a lawyer doesn’t know what he is doing?!
Unfortunately, the allegations you & TW were making and circulating (prior to emailing UFO or Beumont Cornish first) ultimately panicked investors to sell, making them think the share will be suspended.
And TW stated on Twitter on Saturday, the share won’t be suspended. So hope some people got some bargains. But I feel sorry for the people who were caused to panic sell thinking the share will be suspended. Very unethical behaviour!

I've got my eyes firmly on the prize of UFO becoming a DSO producer and then seeing the price of the next metal to pop => silver.

Hamersley's 90% interest downside valuation will now be = £106,796,800 (2.95p/share).
Then reduce the aggressive 60% discount factor.
Then add JV or contract mining which will multiply the valuation!

Then add the other projects.

We are due a lot of silver news now:
- We’ve got a team hitting the ground in about 7 days time on Elizabeth Hill.
- Drilling to start as soon as drill rig sourced (permit already in place for 4,000m of drilling). Can get EH drill date RNS any day.
- Tailings Project 45 day extension is up next week. IMO those that doubt we will get a deal which will provide UFO with a significant source of income will be disappointed.
- The Mexico silver projects, we are on the cusp of getting those permits. It can't be much longer now! Drilling fully funded. They are excellent high-grade projects. Los Campos right next to Endeavour and is being marketed by IBK Capital, so easy to JV.
- Basel III due I think 28th June. Chris Marcus was saying last night it could send silver up to $100/oz!
- UFO primed for maximum leverage on LSE.

Bill Brodie Good, Chief Executive Officer, will provide an investor presentation on Wednesday, 16 June 2021 at 3:00pm via the @InvestorMeetCo platform.
https://twitter.com/AlienMetals/status/1404373307206557696

Lol. I think next week will be a significant week for UFO.
-We should be increasing our interest in Hamersley from 51% to 90.2%.
-Bill did say in the interview on Friday that, "We’ve got a team hitting the ground in about 10 days time on Elizabeth Hill."
This ties in with the Tailings Project 45 day extension.
The ave recovery on the tailings was 91.9%, and Bill said, "with silver currently around $28/oz, we see potential for the project to be a significant source of income."
-Bill said he was trying to source a drill rig for EH to start drilling (already have permit for 4,000m of drilling). So might get RNS about maiden drilling at EH for the 7 highest priority targets.
-Obviously the Investor Presentation on Wednesday at 3pm.
So lots to look forward to :)

I am sure Richard Shemasian is keen for UFO to start drilling Elizabeth Hill to add to his collection!

https://www.perthnow.com.au/business/gold/the-perth-mint-puts-king-henry-and-karratha-queen-massive-gold-and-silver-specimens-on-display-ng-b881894466z

"The silver project, we are on the cusp of getting those permits.
Hoping to visit Mexico soon and getting back on the ground.
We’ve got a team hitting the ground in about 10 days time on Elizabeth Hill.
Fantastic news has been coming out of our iron ore project in the Pilbara."

https://audioboom.com/posts/7885123-bill-brodie-good-of-alien-metals-joe-salomon-of-oilex-and-paul-hill-on-stocks-to-watch

A JV to monetise the iron ore in the ground can be done anytime. The 90% deal increases the chances of JV, partial sale, spin-off/IPO. This Richard Shemasian is great at.

panda1, pls copy & paste it here.

This was the substance of the last one:
Alien Metals – is this an undeclared related party deal? Questions for Roland “fatty” Cornish

"With London’s worst Nomad, Mr Roland “fatty” Cornish, on board, you know that everything at Alien Metals (UFO) must be strictly above board. Nothing gets by the eagle eyes of Fatty. Well not before 11.15 AM when he waddles off to start his daily seven course luncheon. So what’s the deal with Alien? It is all to do with wombats, creatures rarely on the menu for Fatty."
https://www.*************.com/views/56145/alien-metals-is-this-an-undeclared-related-party-deal-questions-for-roland-fatty-cornish

Wolfy81, why are you focused on Mexico when Hamersley's 90% interest downside valuation = £106,796,800 (2.95p/share).

Wolfy81, my new personal troll. Yes I did say the Donovan 2 results were due since they had enough time to get them back from the lab. I was correct.
I said, "IMO" that it will be a VMS system. I never said, and never have said it "will" be a VMS systems since VMS systems are underground and the only way to tell is by drilling.
The IP survey that Alien & Capstone did along with the well sampling and the fact that teck resources had deposit close by (VMS systems are close to each other) indicated a very good chance of an economic deposit.
No one on this BB doubted the Donovan 2 results.
In fact you kept doubting the Hamersely results, but I pointed out to you that you can actually see with the naked eye the several kilometres of BIF ridge locations that were discovered with helicopter support last October.

Boyzer1969, I have always like to hear both sides of the story as long as they are backed up with fact. Unlike when you accused me of being an insider because my posts were "always factual".
BTW, I haven't caused any investor to lose money, since you only realise a loss when you press sell.
That's exactly what the short gang try to do, cause people to panic sell. Then they rob them blind of their shares.
I am a long-term investor, not a trader.

They said it would be released at 8:30am.

All I can see is them buying back their positions.

Short gang, where is the expose????
Show me.

How many people did you rob today?

Obviously I forgot to at Chris2

Where did the short gang's thread go.

The first 3 people on the thread were:
panda1
stevomining
Boyzer1969

I never knew the 145kg nugget was called the The Karratha Queen! lol

Also it's interesting the article states, "The Karratha Queen silver nugget is on a long-term loan from the Shemesian family."

Goes to show our TR1 Richard Shemesian is also a silver lover!