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HH, yes but the important fact is that 1.7Mt is now in the indicated category.

Iron ore prices expected to rise into next year even if China doesn't decide to live with COVID, but the CCP must act because lockdown related unrest is accelerating.
https://www.afr.com/companies/mining/iron-ore-miners-emerge-from-price-slump-with-a-spring-in-their-step-20221117-p5bz14

No exploration company ploughs ahead with a second drilling campaign without the lab results from the first. They also need time to analyse the results and feed those into the phase 2 drilling.

Unclejim, the last placing was to accelerate exploration. It had nothing to do with the iron ore offtake.

UFO isn't raising £5 million by equity. Rod has suggested a low yielding bank loan.

Correct norm, and both solar panels and EV's are big consumers of silver.

dickie, do you know how the futures market works? It is based of anticipated demand. The global push to green energy will have a huge impact.

Silver demand will go through the roof if more countries start doing this.
https://www.theguardian.com/world/2022/nov/09/france-to-require-all-large-car-parks-to-be-covered-by-solar-panels

rad121, most investors use reverse logic and come to the conclusion that it's better to buy once all the agreements become binding and the SP is much higher, rather than buy when the price is low.

It's just a formality now. The option was already in place under the agreed terms.

Anglo American partnership to boost renewable energy in South Africa.

https://www.mining.com/anglo-american-edf-partner-up-to-boost-renewable-energy-in-south-africa/?utm_source=Energy_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=httpswwwminingcomangloamericanedfpartneruptoboostrenewableenergyinsouthafrica

Anglo American PGMs
https://www.angloamerican.com/products/platinum

Because you want a company representative to manage your insecurities and short-term proclivities as well as communicate news. Maybe Rod is busy negotiating deals and doing detailed planning - did you consider that?

https://www.eadt.co.uk/news/business/solar-farm-developer-eyes-up-bentley-site-9303788

Max, part of the recent placing was specifically intended for acceleration of Munni Munni exploration. But they will do a certain amount of surface work first before drilling. Looks like that has started.

That's the plan for EH, to get drill cores from the mine shafts.

Not if you believe in the huge upside and value you don't.

Rod strikes me a very rational and focused guy, not open to hyperbole and guff. A good start. Let's see if it continues.

"When an opportunity arises, step up to the pie cart with a large pan"
- Charlie Munger.

28mt high grade DSO defined right on the tenement border in the north east, and you could probably follow the geology to the south west. You only need one similar patch within the tenement and you're in business.