Member Info for Max111

The minerals exploration sector is starting to heat up.
The top risers on the FTSE AIM board are mainly minerals & energy exploration companies.
https://www.londonstockexchange.com/indices/ftse-aim-all-share/constituents/table

People are starting to smell there is going to be a big shortage and buying in now whilst the shares are still dirt cheap.
When the physical spot price really moves, these shares are going to Pluto! GLA

Beam me up Scotty to 1p!

Yes definitely. Then there is one huge air pocket up to 11p!

There is so much interest in buying up metal deposits at moment, doing JV's should be easy.

Keith Neumeyer of First Majestic Silver said, "$300 silver is very plausible"
https://www.youtube.com/watch?v=BOzNhi7UN0k&t=76s

You need to build your position in UFO now whilst you still can. GL

There are hardly any sellers. People in UFO are generally now long-term investors. It's definitely going higher today :)

Patrick Karim is very good. I have listened to him doing interviews on other podcasts.

After today's silver move, UFO has been the only silver Junior on LSE to respond:
https://www.londonstockexchange.com/indices/ftse-aim-all-share/constituents/table

This is due to it's assets, Bill being appointed as CEO and a massive amount of news due to come out soon. GLA

fffishxx123 got fried! lol

You are right, it's not silver.

Just our copper assets at Donovan 2 will bring in some serious money soon (drilling program set & lab certified results to come back 3-4 weeks after drilling started).

Charteris CEO Ian Williams (whose fund invests in silver miners) explains the importance of copper.
He said, "if you have some copper deposits, the chances are that you have had a knock on the door from someone from China to buy your mine from you!"
Listen 19:50:
https://www.youtube.com/watch?v=dbRd6qrjKJw&t=1254s

Zak Mir was spot on when he forecasted 0.50 by end of August (well he was off by 1 day!) lol.

He is now forecasting UFO can hit 0.85 within 4-6 weeks.
Imo, that's a given considering the Elizabeth Hill completion is due this month.

If we sign a JV, it's one big air pocket to fill until 11p! Our market cap is still tiny considering the fundamentals.

UFO is flying high on the FTSE AIM All-Share Risers board:
https://www.londonstockexchange.com/indices/ftse-aim-all-share/constituents/table

Once people see silver is shooting up, they will want to invest in a silver junior to get the multi-bags.

UFO is the best junior silver play on LSE. It's going to be an awesome ride! GLA

This is fantastic news. It's the missing piece that we needed.

It's so rare to have an excellent, experienced geologist who also has management skills.
He clearly demonstrated this at the last conference:
https://www.youtube.com/watch?v=WyfDw1Nirns

Can't wait to see the new projects he pick up.
Since he really knows his stuff, he won't be making any mistakes. I'm so glad I found and invested in UFO in the early stages of the metals bull market. GLA

As Rick Rule always says, it's the policy response that causes the precious metals prices to rise.

The vaccine will not be rolled out before Xmas.
Policy makers will want to stave off politically unstable levels of unemployment before Xmas.

Jackson Hole has now set the stage for more stimulus and higher inflation.
Fed Chair, Jay Powell said they will now have an average 2% inflation policy, which allows for higher inflation.
The European Central Bank is conducting a strategic review of whether to adopt it's own average interest rate policy.
BOE Governor Andrew Bailey brags about how much firepower he has left and that he is ready to 'go big and go fast' with QE and has negative interest rates in the locker.

There is no way they can tighten monetary policy and increase the misery before Xmas.

Retail demand for precious metals also increases in the 2nd half of the year due to the Indian wedding season (Oct-Feb), Xmas and Chinese New Year.

With very limited supply of physical available coming from refineries (Andrew Maguire of Kinesis is not getting any wholesale allocation until next year!) expect much higher prices by Xmas!

Anyone investing in UFO imo could have a multi-bag Xmas present! GLA

Thanks for sharing the link Dave.
Wow, UFO to go up 4-5 bags soon!

Everything is coming into play all at same time to make the UFO go parabolic!

When the furlough scheme ends in October, there will be more money printing and we are likely to get negative interest rates (they only mention having negative interest rates in locker, when they are likely to use it):
https://www.thisismoney.co.uk/money/news/article-8675477/Bank-England-Bank-big-fast-beat-second-wave.html

Hi Oil_Beast,

- The Elizabeth Hill acquisition should be finalised mid September.
- They will then announce a trenching, mapping programme straight after the acquisition (they are doing work behind the scenes at the moment).
- Then the next stage will be a drilling programme.

- They should start the drilling at Donavan 2 soon.
- Bill mentioned in an interview that it takes about 3-4 weeks from start of drilling to get back the lab certified results.
- Once they have the results, they can form a partnership or JV. They have appointed IBK Capital already in order to arrange this.

- They are in final preparation of the official paperwork to be able to drill in Mexico at the silver projects - Los Campos & San Celso.

- The RNS out today said they are going to carry out further exploration work & maiden drilling programme at the Hamersley Iron Ore projects.
Bill bio say he "has over 25 years’ in mineral exploration, working for start-ups, juniors, mid-tier and major (Rio Tinto Mining and other Rio Tinto group companies in a variety of roles) resource companies."
Rio Tinto's tenement is right next door to Alien's Tenement.
This must be why Bill picked up this project. He knows the geology and has contacts at Rio Tinto to arrange a JV.

The recent increase in metals prices has meant that all the projects are now economically viable.
The ball is now rolling on all the projects. The only thing that has slowed the progress this year has been the pandemic.
A new RNS announcing progress can drop any day.

Just need to have faith in Bill and his experience and abilities and just be patient. GL

Eric Sprott mentioned in his last weekly podcast that he feels very strongly that the silver ratio will go 15 to 1:
https://www.youtube.com/watch?v=0N2VKU3V3E0

The ratio is currently 72 to 1.

Just imagine how many times UFO will bag if the ratio gets to 15 to 1!!

Bill Brodie Good is a fantastic geologist. He is going to be an absolute legend towards the end of this metals bull market.

Can't wait to see the new projects he picks up for Alien soon :)

Scotgold seems like a good company, but I'm too reluctant to invest in mining companies in N. Ireland & Scotland due to the backlash from local environmental lobbies.

I read this article last month:
https://www.theguardian.com/business/2020/jul/28/how-much-is-a-life-worth-northern-irish-community-split-over-gold-mining-plans

Best mining jurisdictions are in North/South America & Australia imo.
UFO is positioned very well with projects in Mexico & Australia.

Hi all. I'm a long-term gold/silver bug.

It's great to be able to chat, share ideas and question each other without being disrespectful, so that we can come to find the best investment opportunities possible.

During a bull market, money always flows from Large Caps -> Mid Caps -> Juniors.

There were many 50 bagger silver junior miners during the history of silver bull markets.

Eric Sprott just mentioned in his weekly podcast that he feels very strongly that the silver ratio will go 15 to 1:
https://www.youtube.com/watch?v=0N2VKU3V3E0

I'm now purely invested in silver until we get closer towards 15 to 1.

If anyone can find a better silver Junior that is listed on LSE (my trading account only allows me to buy LSE listed shares) please let me know and I will become an investor. Hope everyone has a great weekend :)

Here is the YouTube link:

https://www.youtube.com/watch?v=ueEq2V0-KjY