RE: Help where is our support28 Jan 2021 11:40
What negative news do you have Wents?
Is UFO going bankrupt?
= No. UFO is in an incredibly strong position and we have £4.4M in the bank to aggressively drive exploration in our 5 projects and have started our extremely busy field season. Drill results to be released in 4 weeks to prove some of our est target of 245M tonnes!
Do we no longer need solar panels?
= No. Biden planning to spend $2 Trillion on clean energy over the next 4 years whilst we are running at a silver deficit of over 300M oz/year.
Do we no longer need iron ore?
= No. Infrastructure stimulus to increase. China pushing ahead with its one belt, one road initiative, hence Iron Ore price is currently just under $170/tonne!
UFO is the best junior silver play and best junior iron ore play on LSE.
News also to follow on XRF results.
Air Mag Survey results due in 2-4 weeks to highlight new deposits in our 117km2 mineral rich Munni Munni North Tenement.
Our JV Partner Capstone will commence drilling Donovan 2 soon.
Hamersley & Elizabeth Hill are under JV discussions.
IMO, buy & hold and expect multibags as Bill unlocks the value of our high-grade projects.