Member Info for Max111

I was looking at the UFO chart and realised we have literally just gone back to the price that we were on 22nd Oct.
3 days prior to that (19th Oct) we were trading above 3p.
That’s when the big dumping began.
Now that the dumping has stopped, I strongly believe we will re-rate incredibly fast.
Do some sums in your head and put your own valuation on what we should be trading at. Always DYOR.

Hi smiller,
On p.24 of the company presentation it gives exploration target estimates as a low case of 74 Megatonnes (Mt) and high case of 245 Mt. This is very substantial indeed.

In RNS 29/10/20 it states:
“Significantly for Alien Metals the continuity of grade in relation to the mapped units of the primary units sampling show excellent correlation and significant continued very high-grade DSO level iron ore in significant volume. “

livestock posted Friday’s article from FT:
Iron ore set to average $100 a tonne for the first time since 2013
https://www.ft.com/content/2a0f550c-4075-48ef-bda0-0f9e615ba8fb

You can do the maths!

Yes 944T. I can definitely see it happening.

On Aliens company presentation p.21 you can see Alien & Rio sharing the boundary on the same hill:
https://www.alienmetals.uk/wp-content/uploads/20201014-Alien-Metals-Presentation.pdf

Also in RNS 29/10/20 it said Rio are in operation directly south of our tenement.

So if they can literally drive their trucks a little more up the hill to get to our DSO Iron Ore.

I guess we will get more details when the Assay Results come back from the lab. They are due to also report the next stage plans. I'm patient anyway :)

Yes that would definitely be worth keeping the 25% cut.
I am hoping by then Hamersley DSO will be spinning off so much cash flow, that it wouldn't be an issue.
And can use that cash flow to make new low-cost acquisitions at a rapid rate.

As a silver bug myself, I was only really focused on the silver projects. But after listening to Ian Williams saying you get much higher dividend yields from base metals miners like Rio & BHP then from gold miners, it made me realise what a fantastic advantage it is to have a diversified portfolio of assets.
This can only drive faster growth as we get in income quicker from the DSO.

Yes makes sense to use all the infrastructure that companies next door to us like Fortescue & Rio already have in place.

Big thumbs up to Bill for picking it! :)

Does anyone think we can start getting income from our high-grade DSO Iron Ore by end of 2021?

Since it's Direct Shipping Ore and just needs to be put on a truck, train & shipped to China without processing, I think it's possible. Or am I being too optimistic?

I don't see the point of using the Telegram group, since the trolls on this board will just migrate to Telegram as well.
Then new investors will not be able to use this board to research UFO.
Before I invested in UFO, I read through 3 months of previous comments as part of my research (back then there were not that many posts!).

I prefer to have everything in the open and let people judge for themselves.

The only benefit of using Telegram is for the traders that want to share graphs and to chat when this BB is down.

This is a must listen from PM Fund Managers:
https://www.youtube.com/watch?v=FMZHMz1hNIU

Ian Williams, CEO of Charteris said:
15mins – 21mins – “Our favourite commodities are silver & copper.” “Iron Ore is going up at a rate of knots as well!”
“More upside in copper and one or two of these base metals than in gold at the moment.”
42mins – 46mins - “I think there is going to be a feeding frenzy of M&A.”
“We favour a really heavy weighting to silver over gold because we think silver has a lot more upside than gold.”
“A lot of silver gets mined as a by-product of lead & zinc so the amount of silver that comes out of pure silver mines, there aren’t that many companies.”
56mins – 58mins – Talks about future silver price.

Since UFO has x3 high-grade silver projects, x1 high-grade VMS copper project and x1 high-grade DSO Iron Ore project (IO in significant volume as per RNS 29/10/20), you can understand why I strongly believe UFO is so incredibly undervalued.

I hope Ian Williams reads this post ;)

Also don’t forget UFO enters Morgan Stanley's MSCI Global Micro Cap Index on 30th November (GGP went on the same path and has just gone from Micro to Mid Cap).

Also with regards to Greenland the silver analyst in this video below explains how silver is a by-product of zinc & lead mining.
4:30 - https://www.youtube.com/watch?v=-e_MqQi0cQQ

Therefore, the 208km2 exploration licence we have been awarded for Greenland is not just about zinc & lead.
I think they must be planning to extract silver also.

Goes to show, silver deposits are becoming very rare.

As Keith Neumeyer of First Majestic Silver said high-grade silver mines are now very rare and we are going to see a 10 year bull market coming up.

Thankfully we have x3 confirmed high-grade silver projects :)

Hi funkinmonks,
Also bear in mind that at the last placing 4/09/20 we raise the funds for drilling Donovan 2.
Capstone Mining took the project on prior to drilling which completely took us all by surprise.
I am guessing they did this in order to prevent a bidding war as copper prices were shooting up. This is what happens in a bull market.

Now we no longer have to pay a penny to develop Donovan 2 (which Capstone say has the potential to be a Tier 1 asset) and can spend the funds on our Greenland project instead.
Therefore, as things stand, we don’t need to raise money for Greenland.

As per RNS 12/11/20:
“The Company remains well funded to carry out its exploration activities with GBP 2m (2.55m USD) in funds as of 31 Oct 2020.”

Hi Schoolboyknows.

26th October M&A Update RNS stated:
“The Company will continue its efforts in exploring and developing the projects and simultaneously consider third party funding options to develop and mining the projects minimising dilution to shareholders.”

Once we get the 3rd Party funders onboard, we no longer have to care what the trolls says on this board.

Bill can then focus on company strategy:
Low-cost acquisitions -> Bring up value curve via geo exploration work -> JV Partnership -> Unlock
Value for shareholders.

They couldn’t have been more blunt when they said in the last RNS:
“With a fresh look and an active portfolio, the website development reflects the growth and strength of the Company going forward and we are well on the road to further positive news and success and hope to share this with the market as it comes.”

Enjoy the weekend :)

Thanks TKIA for defending the spaceship from people trying to spread false rumours.

I've really had enough of the trolls!

If I ignore the Mrs any longer, I will be in big trouble!

Have a great weekend aliens. I really can't wait for next week as we get the drilling permit. Been a long wait.

Thanks BTC :)

BOOM!!!

On Monday, UFO will re-rate super fast.

As Shouston once said, if you have shorts on, I hope you have a nappy on underneath! lol

Thank you for all your help TKIA.

A note to any big holders:
When you want to exit, please be considerate to your fellow aliens and drip feed, so as not to tank the market and put everyone through one month of misery. TIA.

Hi MKumar. It was TKIA who worked that out. Hopefully he will enlighten us ;)

Definitely livestock.

It's all about leverage.

Gold -> Silver -> Gold stocks -> Silver stocks -> Large Cap -> Mid Cap -> Silver junior.

Since UFO is the best junior silver play on AIM, it gives you the biggest silver bang for your buck on LSE.

I can just picture the drill holes going into our x2 confirmed high-grade silver mines :)

The brakes are officially off!!! :)