Member Info for Max111

Brockman has a JORC inferred and indicated mineral resource of 126M @60.28% Fe from surface. Only one out of four drill holes returned this result!
This his still highly underexplored.

Also there was no drilling previously done at Han****. This is an unknown.

This is why you cannot compare the acquisition price.

StarBright you keep comparing the acquisition cost of prospective projects with their future value.
This is nonsensical.
The whole point of investing in a junior miner is to strike it rich.
We are just at the beginning of our journey in unlocking value for shareholders at the start of a metals bull market.

You are not consistent. One period you are ramping, “lets clear out the cupboards” etc, then you are de-ramping saying everything is priced in when it’s clearly not.

It's very interesting that recently (just before news flow) StarBright has been sounding very negative on this BB without clarifying his position.
He even tried to compare Hamersley to a low-grade Iron Ore deposit in the Congo that requires a $2Billion investment to get off the ground.

Just to clarify this is StarBright's position on UFO, this is what he said previously:
"I see UFO as a way to gain exposure to several long-ish odds punts, any one of which might be TRANSFORMATIONAL IN MARKET CAP TERMS. I don't think it is remotely possible to value the company in a CONVENTIONAL manner at this point. We have some interesting opportunities, a motivated management team who are keen to progress and a chance to benefit from macro tail-winds in the industrial commodity space. That's a great combination. I am here for the journey, strapped in and prepared to ride out turbulence on the way."

SILJ:
https://uk.tradingview.com/symbols/AMEX-SILJ/

UFO:
https://uk.tradingview.com/symbols/LSE-UFO/

Silver:
https://uk.tradingview.com/symbols/TVC-SILVER/

Check 1 month chart an each and compare and you will see.

It's the sector. If you look at junior silver miners SILJ 1 month chart and compare it with UFO's 1 month chart, it pretty much same.
Things will move up fast as silver moves up and news flow starts.

@smiller. Sorry I just checked and we are sole-funding the previous survey & sampling and current drilling at Hamersley under the agreement with Windfield.

But since it's been over 4 months since we were in discussions to increase our 51% interest and haven't had any news at all, I doubt Windfield will sell any more equity.
However, they might give up more equity if we become their JV partner to mine Hamersley ourselves.
But JV route with either BHP, Rio or FMG who are on our boarder is most likely.

That's a great point smiller.

In RNS 16/10/20 it stated, "The Company has also commenced discussions to increase the Company's current interest of 51% in the key Hamersley tenements."

The key word there is "increase".
I very much doubt Windfield will ever sell all of there share when they have never sold 1 UFO share. They know the potential of the project.

But they are under obligation to fund 49% of exploration. They are not a listed company and might find it difficult to come up with the funds and thus be forced to give up some equity in return for exploration expenditure.
That will be very good for us.

Ford has announced its entire passenger range in Europe will be all-electric by the end of the decade.
https://news.sky.com/story/ford-joins-motor-industry-race-to-all-electric-future-12220588

Jaguar brand will lead the way with a complete electric vehicle range by 2025!

We are already at a 300M oz/year silver mining deficit!

Adding this to the solar demand from Biden's plan to spend $2 Trillion on clean energy over the next 4 years means the price of silver has to skyrocket.
Very similar to what happened to Palladium.

It reminds me of the video 944Turbo shared when Bill let slip about talking to a possible partner in Mexico regarding Donovan2. Then in September we had the Exclusivity Agreement RNS with Capstone.
Looking very exciting for 2021.

This is a great update interview Bill gave 4 months:

2:40mins “With the growth of Iron Ore, the interest in the market place especially in the Pilbara, we are starting to talk to possible partners and parties who might take an interest in joining us to move these projects forward.”

https://www.youtube.com/watch?v=bwNOfTX6X2k

Once we start to prove up our high-grade DSO Iron Ore, IMO things will move fast.

BHP just become the most valuable company in the FTSE 100 and just made record 6 month dividends.

At the AGM Bill said the placing was strategically the right thing to do. I believe he will be proven to be right in due course.
Bill has big plans for UFO which obviously requires funds.

Bill said the placing , "Gives opportunity to everyone to develop and grow.
We can drill 1 more meter and dig anther trench. Doesn’t want to cut corners. Proper drilling and do metallurgy.
Now have funds to advance rapidly for all our projects.
We are in an incredibly strong position."

Most importantly he said, "Wants everyone including all the smaller individual investors to benefit from the placing.”

It's a great opportunity to buy in or add before the news flow, below the price the non-exec director just paid @1.25p.

Sorry I just remembered someone said yesterday, they had made a 5.5M buy, so the buy of £62,755 was theirs.

But around 12:30pm today I was getting massive quotes to sell.
There is definitely a large background buyer IMO.

Hi Cohan, I don't make SP predictions, but never felt more confident with UFO. Everything is now lined up for a big move up.
We are well funded and as Turner Pope stated in their research note, "In expectation of continued heavy
news flow, Alien’s share price might continue to anticipate potential for further high-impact results."

A 5.5M delayed buy from yesterday is now showing.
12:52 5,500,000 @1.141.
The price is at the ask and the SP ticked up after so it's a buy.

As I said earlier, the MMs keep dropping the bid to fill their large worked orders.

Lol BB. I leave the peddling to others. I'm just researching, making observations and looking forward to the news flow as we prove up our fantastic high-grade assets.

Well Casa, you seem to be a contrarian indicator ;)
I guess that means a blue day tomorrow.

I can now get huge quotes to sell, but can only buy 1M shares.
There is a massive buyer!
Hold on and be patient for the news Aliens. Our time is coming.

Well done Lyndon. IMO, it's a great time to top up at the placing price before the news flow especially since the non-exec director just bought £62,500 worth of shares @1.25p.
Also I can now get quotes to sell 5M shares. Every times this happens, a large delayed buy shows up the next 1-2 days. There is definitely a large buyer in the market.
IMO the MMs keep dropping the bid to fill their large worked orders.
Big updates very close now.

Last time silver was trying to break the $30 barrier, we traded over 600M shares in just 3 days and were mentioned in The Times and Daily Mail!
If we actually break $30 and keep going, UFO's rise will be spectacular.

IMO silver was going to break $30 by April anyway (as mentioned by Andrew Maguire).
The silver squeeze campaign is just fast-forwarding the inevitable.

No I just found it on Twitter. It's a really accurate narrative! It covers all the events!