RE: Commodities Witness Strong Momentum25 Sep 2024 12:21
Keith Neumeyer was saying he was buying in the ground silver at US$10/oz back in 2016 when silver prices were a lot cheaper than now.
UFO was valued $100M in 2020, GGP $1bn, Chalice Mining was valued at $3bn last year. Non were mining.
If we use a conservative 5% in situ value on the $2.8bn Munni Munni PGM & Gold JORC Resource (which doesn't include any battery metals at all), well that's $140M.
Chinese have been buying up all the junior iron ore companies they can get their hands on.
UFO is cheap as chips. Take advantage of it if you can before news. Chart set up nicely.