Member Info for MisterPositive

"Two of these prospect Ridges C and E are open along strike for over 9km within the tenement with potential to significantly increase the 10.4Mt @ 60.4% Fe (including 7.8Mt @ 60.1% Fe at the Sirius Extension target and 2.6Mt @ 61.5% Fe at the Ridges targets) resource."

JORC compliant 10.4Mt @ 60.4% Fe could increase substantially with ridges C and E open along strike for over 9km is the stand out for me.
We could be sitting at +30Mt or higher when they tap into those.

Agree, upside from Hanc0ck is MASSIVE, and very profitable. Both RIO and BHP had these many years ago and must be looking in with such positive numbers from scoping study.

Some excellent posts & contributions over the weekend by many.

We almost took 1p on Friday and hit 0.975 before weekend profit takers took beer money.

1p next week is no brainer. 1.25- 1.30 coming.
Next target would be 1.50
Then 2p + .......etc.

Elizabeth Hill - 1st batch Assay results are due.

FOMO will kick in even more. Been buying past week to accumulate as many of these while price is still low. Wont stay low for too long.

This is a "Multi-bagger" and we know it.

Hanc0ck
Brockman
Elizabeth Hill

All company makers. Sentiment turned positive.
Watch volumes next week. ATB.

MP

"Elizabeth Hill is historically one of Australia’s highest grade silver mines and has produced over one million ounces at an average of 2,195 g/t Ag (70.24 Oz/t Ag) from an initial resource of just over four million ounces. The deposit was also unique for the exceptional native silver nuggets including, as previously reported, a single 180 Kg nugget. Mining ceased in 2000 due to a depressed silver price and a fall out between the JV partners East Coast Minerals and Legend Mining hence the remaining considerable untapped resource."

Single 180 Kg nugget !!!
Average of 2,195 g/t Ag (70.24 Oz/t Ag)

These are truly exceptional numbers. Only the initial resource is 4m oz. UFO now picked on this and the resource could be substantially higher than 4 million oz. Just look at the average grade. Huge untapped resource at Elizabeth Hill. I would expect final resource figure as over +10 million oz.

4m oz @ $25/oz = $100m
4m oz @ $50/oz = $200m

Assay results from 1st driling batch due soon.

Silver about to enter a major rally providing huge leverage to UFO price. Still cheap and early doors.

This is just massive upside potential just from Silver. Hanc0ck upside is much much bigger as they dig into those 'multiple' parallel ridges discovered next to current ones.

According to Peter Boockvar, chief investment officer at Bleakley Advisory Group.

"Silver … can get back to its highs of $50 plus. Name me one asset that's down 50% from its record high. I can't really think of many other than silver."

Nice one.

Been a good week here. More to come. Sentiment towards any stock can change pretty quick leading to good momentum.

Rise has been backed by good news.

52 week high 2.20
Previous intra-day high 3.19

Sentiment & momentum looking good here for a strong upcoming rally.

Elisabeth Hill silver assays....next.

Wait till this gets to 1.25-1.30 next week.

More derampers will move inhouse.

If market analysts expect Silver to Double from here then expect a strong rally here.

UFO time to shine now. Been left behind.

Wolfy81
That is totally irrelevant whether Bill is on site or not. Work is getting done. Thats what is important. He will be on site soon as he can.

At Hanc0ck we now got not one but "Multiple" ridges in parallel to current resource which is what just around 10% only of the area tested.

Would love to see bidding war between RIO and BHP to buyout UFO.

Could both come in for Hanc0ck in my view.
Current price would be history.

7p should come when RIO or BHP are on the phone to Bill....

Could come lot sooner imo. Sentiment turned very positive and ALL deposits looking so very attractive.

1.30

Like that

Hanc0ck resource worth $1 billion...is that right?
Brockman - could also be huge by the looks.

Elizabeth Hill - silver grades are just out of this world.

All 3 deposits up for grabs to highest bidder.

RIO , BHP written all over this...$$$$$$

0.97

Could go straight to 1.10 - 1.15

as more FOMO kicks in.

Yes, looks like FOMO kicking in also.

But fundamentals and $$$ profit upside speaks for itself. It was just a matter of time that this was going to head back towards 1.50 and higher

0.95

1p on its way. Should get to 1.50 fast if we can crack 1.15 also.

0.94

Typo..

1p
1.15
1.45

Think we could see 1.15 pretty soon as we crack 1p