Member Info for Montmuzard

Some really chunky buys going through at full ask. Almost as if someone knows something. If one of the big boys took this out for £500m, that's still a ten-bagger from here and still cheap IMO.

Nice to see this coming good finally. Been in since January and feels like a proper re-rate this time.

Don't forget that the NKT NPV of up to $1.7bn doesn't include (a) 2m oz of PGMs counted in the reserves yet; (b) anything for the second (open) pit; or (c) value unlocked by the joint MT-NKT DFS that eliminates single asset and single commodity risk. So, what should the NPV be? It's way, way over $2bn IMO.

Then factor in the two MT pits at whatever value you like. The Oak note conservatively had this at $550m with the lowest discount rate. Could be much more.

Ditto WK: the minimum the Oak note had this at was $406m (so 8p/share given EUA's 68% ownership) but we also don't know what is going on with the flanks there, so there could be significant expansion opportunity beyond the 64k/oz p/a target.

All of these figures were based on fairly conservative discount rates. You don't have to adjust them very much to find yourself over $4bn NPV and that's just with the known knowns. There are very many known unknowns - NKT second pit, WK flanks, imputed value of Nyud and Rosgeo assets - that could see these figures increase further.

Any chance of an update to your benchmarking note from a few years ago in light of joint MT-NKT DFS?

Keen to know if we now exceed the supersize target of 230p 😎

Broker note about to drop?

Christian explained this at the AGM: they're deliberately suppressing communications because they're in a sensitive period. They obviously want to release enough information to market to start to push the share price up, but not so much that any counterparties at the table get upset. The drip-feeding of information is clearly about getting inside information into the public domain so that the broker note - which it wouldn't surprise me if it dropped intraday today or tomorrow - is able to be published with some updated figures in it. My hope is that it will also contain some forward-looking predictions about the anticipated eventual NPV of the assets once the MT-NKT joint DFS is complete with two pits at the latter. It's going to be an absolute monster.

Which could secure EU strategic minerals status. That's $6m/tonne with 328 tonnes. Almost $2bn, or 180 times the current MCap, or 3.25p/share.

Just the byproduct, before anyone even starts thinking about gold and copper.

They're still trying to shake some out and getting nowhere. Just let it rise if you want sellers!

Volume is massive - almost half the company traded already today

A constant stream of late-reported trades all designed to make it look like SP is dropping

Yep, buying pressure has been sustained all day and MMs trying to disguise it implies to me they're trying and failing to keep a lid on it

81 gone, this is going to be a cracking last two hours today

.8 about to go ...

MMs also reporting late trades from earlier in the day to make it appear that the SP is dropping ... they definitely want your shares.

Very wide spread: MMs want your shares.

This hits 0.9 again this avo

70 paid again already

Don't think this retrace will be long lived - a few stops cleared out and we're off again

Own up, who's seen the assays then?

han**** critical here and will be massively value-accretive once the jv is finally signed off.

interview from early last year noted ufo profitable with iron ore spot prices above $80 (currently $105 and most forecasts suggest it will stay over $80 for the foreseeable even amid relatively weak chinese steel output) and mcap of $200m-300m aud once jv up and running: https://www.ig.com/uk/news-and-trade-ideas/investing-in-iron-ore-through-alien-metals--ufo--240213

so, although progress has been slow, we must be close to execution and a serious rerate. a $200m aud mcap gets us towards 1.5p with significant potential upside beyond that. basically a ten-bagger minimum from here and for anyone who bought years ago when were last near 1p removal of the shares at last from the bottom drawer.