Member Info for MisterPositive

The diversity and exposure to Multiple key commodities is what attracted me to UFO.

Iron ore
Silver
Nickel
Copper
PGMs

Having already raised funds few months back and with c£7m in the bank, management is been putting all its efforts and funds to good use.

Acquisition of 30% Munni Munni with JORC 2.2Moz was a Masterstroke

Its not previous 12 months mate.

Market re-rates on next 12 months and beyond.

Added few more myself.

Rude not to at this crazy low price.

Well who would have thought both GGP and EUA would stellar runs hitting 38p and 40p highs respectively. Different commodities, but it happened. So why not UFO...can very much happen here also as long as you in it.

Iron ore hit $119.60 on Friday. Steel was up 9% as China demand picture stabilise.

UFO has all the hallmarks to also go on a stellar run. In it to win it as they say. Others have already had their strong run. It could finally be UFO turn next year.

Smiller.
No missed out on EUA. Was thinking about taking a position in EUA around 1p mark after it moved from 0.73 but Russia risk put me off at the time. Rest we know. He who dares....wins indeed. PGM metals - palladium, platinum, Rhodium etc was behind the stellar rise at EUA. I think they got 11Moz of PGM. Will need to dig bit deeper as not been following EUA for a while, but it was also around 0.73 - 1.00p before it took off.

Munni Munni prompted me to look at what happened at EUA.

Yes. Good point about safe Tier 1 jurisdiction.

Taking 30% of Munni Munni with option to increase to 100% and reopening Elizabeth Hill after 20 years to me suggests there is a lot more PGM sitting there. something must have prompted management attention to take theses 2 key decisions on EH and Munni Munni.

There would certainly be few millionaires made here depending on your Holding etc if this goes like EUA over next 1-2 years prompting attention from bigger players as we work through the drilling around both deposits.

Could UFO be the next EUA in the making?

That is what i am interested in looking at. With PGM and high grade Silver- Nickel- copper at EH and Munni Munni complex, it will be interesting to see how EH and Munni Munni progress from here onwards.

EUA was going no where and then 40 bagged.
1.07p.....(25 Oct 2019)
40.55.....(4 Dec 2020)

How much PGM- platium, palladium and rhodium could we be sitting on top of the 2.2Moz already at Munni Munni ?

Good questions and thoughts.

Keeping website upto date with all info is key and shows more professional approach.

They would most likely be looking for bigger player to come in and fast track Bougouni. Chinese would be all over this with contractor already involved.

Think fastjet was last seen jetting off on his speed boat towards the pacific ocean.

Could be in Hawai by now. LOL

Might get a nice Christmas present with EH assays RNS next week.

Yes Max.
Resource numbers are highly attractive. If we can get even half of Julimar 10Moz from Munni Munni,
Chalice Mining or others might just buyout Munni Munni outright. Happy to wait to see it through.

In the meantime Market will do its thing but will eventually play catch up....always does. It could be out of nowhere but when it does we need to make sure we got plenty of these shares tucked away.

0.69 are all Buys.

Yes. Julimar 10Moz PGE discovery turned Chalice Mining into A$ 3 billion MCap company within a year.

Alien Metals (old Arian Silver) started out as Silver junior explorer but now completely different Company with some highly desirable key commodities under its portfolio in safe Australia.

Alien Metals is well diversified and hence de-risked vs other explorers. With c£7m cash, current £28m MCap is plain bonkers !!!

Yes. Dilution at 0.85 hurt us but all dilutions have a temporary effect. Market is forward looking and should re-rate us on busy 2022. Buying below 0.85 is a no brainer.

We hit resistance at 0.80 and did not close above it but trend is up. Will have another attempt. We can smash 1p and more on incoming EH news.

Iron ore $111.19
Silver up 2% yesterday
Palladium was up 8% (+$165 in 2 days)
Copper and Nickel up also.

Alient in a much stronger position now than when we hit £100m MCap last year when we hit over 3p

Current MCap 29m ???

They must in talks with Chinese for Offtake agreements. This is normally the time when you have these discussions.

Would expect an update on these in Jan. Not far now.

I am invested in Alien because of all the industrial elements we sitting on PGE elements, nickel, copper, iron ore and Silver. Demand from Solar alone will be huge. Lot of silver pundits out there at both extremes. Still silver went to $50 / oz on the previous cycle defying all those experts.

Not sure why few are obsessed with GGP. They had their srellar run last year. Dont expect a repeat.

Alien is extremely undervalued and is the one that has all the Hallmarks for a stellar year coming up as we move our projects up the value curve which is the phase where the mega returns come in.

Elizabeth Hill is lot more than just high grade Silver and probably got lot of PGE also. It sits at the base with Munni Munni surrounding EH.

Munni Munni looks a fantastic underexplored PGE deposit with 2.2Moz JORC already.

0.50 by end of week doable in my view and still be cheap.

Waiting for Dynasty to spill the beans !!!
Who is this one of worlds largest tech company they in talks with ?

Spodumene current market price exceeding US$2,300 per tonne of concentrate

US$680 per tonne cost estimate.

Over $1600 / tonne profit margin