Member Info for Max111

It looks like Kitco is going to be the next domino to fall as people try to convert their pool accounts to physical, but find out there is no physical!
Getting very interesting...

That's a good thing we have 100% ownership of Elizabeth Hill which was one of Australia's highest grade silver mines and only ceased production in 2000 (due to silver being $4/oz) and can thus be put back into production fairly quickly compared to other projects.
Also good that we will start drilling our 100% owned San Celso silver mine in a couple weeks.

Thanks for the heads up yesterday 2020Upside.

All the mints around the world are really struggling.

I can't believe the Royal Mint is completely out of silver bullion bars at the moment! Their vaults are currently empty!
https://www.royalmint.com/invest/bullion/bullion-bars/silver-bars/

Even during the silver squeeze move, the Royal Mint only ran out of the 1kg silver bars, but had other bars available.

The silver manipulation and paper/physical scam is starting to be exposed.

Chris Marcus was spot on with his book:
The Big Silver Short: How The Wall Street Banks Have Left The Silver Market In Place For The Short-Squeeze Of A Lifetime

Well done Prospector :)
We have excellent high-grade projects and I have full confidence in Bill with his 25+ years experience in mineral exploration to unlock their value for shareholders. Especially since Bill used to work for Rio Tinto ;)

Prospector, I noticed your first comment on GGP was on 24 Apr 2018 when the SP was 0.57p.
Goes to show patience does pay off.

napthman1 said ufo is at the 2018 part of the ggp journey. I believe he will be proven to be right.

Yes silverhorse. All of our projects have the potential to be worth a fortune.
I am confident that Donovan 2 will turn out to be a VMS copper/gold system.
VMS systems are hidden underground so the only way to confirm is through the drill results.
Drilling started on Donovan2 on 25th Feb and in the company presentation that was released on 22nd March it stated:
"Donovan 2 in ideal location and geological setting to host VMS deposit."
surface sample results included:
• 3.34% Cu
• 2.68 g/t Au

RNS 1/3/21 stated:
"We look forward to updating the market as the drilling progresses and watching this project grow quickly into a significant entity."

No copper/gold resource is factored into our downside valuation.
If we can prove it is a copper/gold VMS system, you can expect fireworks when the results are released.

Same with the DSO Iron Ore results.
The company presentation stated:
"Both projects contain significant Direct Shipping Ore (DSO) potential"
I am confident we will get good results since we have several kilometres of BIF ridges locations at Hanc ock Ranges.
Once we get the results, it should provide an impetus to a JV.
Pilbara DSO Iron Ore will completely transform UFO.
Not too long for results.

Hi ibmibm.

It was a positive RNS but the last sentence stated:
"while work continues on obtaining the drilling permit grant."

The covid related back log delays at the Ministry have unfortunately held up our Mexico silver projects.

But it won't take too long for the permits since the last sentence of the company presentation stated:
“Maiden drilling funded and environmental permission being concluded to commence as soon as feasible.”

22/3/21 RNS stated:
“The company is progressing with drill permits in Mexico to be able to commence the maiden drill programs on both San Celso and Los Campos silver projects. These programs are already funded and we are ready to get them started and have projected to be able to start at least San Celso in the next few weeks.”

They are both excellent high-grade silver projects so really looking forward to getting some drill holes in them.

I think GGP is a great company, but IMO there is now more upside potential in UFO. As the company presentation stated:
"Alien well funded with a unique opportunity for significant returns."

Lol Silverhorse :) I will be here until we get to at least mid-tier.

I initially invested in UFO in order to get maximum leverage in silver since the average penny silver stock went up 150x in price between 1962 and 1968, when the price of silver merely doubled.

But I have come to love DSO Iron Ore & VMS Copper/Gold.

IMO it was the 9th Oct RNS on Hamersley Iron Ore plus the incoming Donovan 2 Copper/Gold JV which caused the SP to go from 0.73p to 3p within 6 trading days.

The previous LTHs decided to take profit plus the TR1.
But now we will soon actually get the assay results to start to prove up our Iron Ore & Copper/Gold.

If we eventually hit our est target of 245M tonnes of Iron Ore (which Turner Pope previously said we might actually exceed) and if our discount factor gets reduced to 60% then our valuation will be £221M which equates to 6.5p/share.
Then add the Donovan 2 Copper Gold assay results.

Then add a Hamersley JV which will massively add to our valuation.
Then add San Celso and Los Campos.
Then add Elizabeth Hill.
Then add Munni Munni North.
Then add Greenland!

The metals bull market will treat us very well.

The quoted ask ticked up a bit from 0.95 to 0.976.
But some people have been using an app that charges full ask at 1.10p.
Last trade was only £5.

We should start moving up as we get closer to news & re-valuation.

Mining magnate Andrew Forrest upgrades his 25-year-old plane to the world's most expensive private jet - worth $98million - after getting $1.6billion richer in just six months
https://www.dailymail.co.uk/news/article-9439463/Mining-magnate-Andrew-Forrest-upgrades-25-year-old-plane-98million-private-jet.html

Looking forward to the Hanco ck drill results :)

Increases strike length by a further 20-30% of high-grade silver.

Also San Celso is close to infrastructure including main road network, power and an experienced work force. Thus bodes well for fast development.

https://www.rns-pdf.londonstockexchange.com/rns/4530U_1-2021-4-5.pdf

I think US markets are open tomorrow & Monday.
It will be interesting when UK reopens on Tuesday with new ISA allowance.
Silver & SILJ up.
Mexico x2 silver permits will be very welcome next week!
Can't wait until we finally start drilling San Celso.
Have a nice Easter everyone.

Thanks CrossFyre. We should get a bigger audience on Shares Magazine compared to Vo x Markets and Share Talk.
Bill has really transformed UFO compared to this time last year. People keep underestimating him.
We are well funded for all our drill programmes for this year. Looking great :)

I just found it:
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-200421

Awesome. I will register for it. Thanks.

Do you have any links for the webinar? I can't find any details.

Hi Panino, I remember you from the UFO BB from last summer.
Good to have you back.

It really wont take much to get the SP going since we are over sold and currently very undervalued with a downside valuation without news of £41.5M.
We have had a very busy field season and the results will flow.
Last year we had 1 JV. I thinks this year we should get at least a couple plus lots of drill results.
We will be flying again very soon. GL.

Covid & weather issues have caused delays for all miners.

Yes silverhorse. I'm looking forward to a nice ride back up to 3p as we advance the projects.
The profit takers are gone. Those that haven't researched our projects and know the value of their potential have capitulated. The placing was over 4 months ago and the churn is done. We have already cleared a path to 1.6p on 1st Feb.
The share is definitely ready to move when it wants to.

IMO the bottom was in last Thursday when we had the panic/capitulation and end of tax year selling.
New ISA allowance starts next week. Looking good.