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it's a good forum question why ufo over partners with a buggers share.

ufo provides exposure.

30% of elizabther hill jv wce

exposure to silver.

30% of munni munni jv green tech

exposure to a potential serius resources nova discovery

90% of han**** jv wind field metals .

* with bits and pieces worthless to shareholders.

i want exposure to all. they are in need additional proof, there is a lot of commercially valid elements, but commercial validation isn't the be all and end all.

there is competition for majors money, it's a crowded field.

there is a also 10% tax offset at certain product size and qualifications operators want this.

i want exposure to these step changes. i want the back up of several projects and i want the assuredness that the history of the ufo sites proffer against sp wipeout.

This is the silver bet. Plenty of work to do , plenty of risk on the boardroom for us.

However, this has a mine. It has deep pits, it has a lot evidence it has previous production. A historic Jorc that has only 50% extracted. It's in the best jurisdiction.

This is one of the next silver plays around. If there is a better one I want to know it!

For perspective Alien bough Elizabeth Hill 2019 with silver $19 dollars. The average extraction cost per ounce was $13, opex I assume.

$6 margin per ounce .

That's what Elizabeth hill sat in a dusty back office. Needing a lot more proof and growth of resource

2026 we are silver at $77 with an average extraction cost in Australia of $19 per ounce

$58 margin

That's why it's out the dusty back office.

Furthermore

I don't know if it had been discussed previously.Corrections welcome.

* Silver extraction

Legend mining Jorc 1999 at Elizabeth Hill was 4.05 million ounces of silver.

Historical extraction, to 2000, was 1.2 million ounces.

Remaining silver in place is 2.85 million ounces.

Gross value of remaining silver is $220 m , net $160m

Legend only recovered at 200 g/t of silver for the economics.

Silver price today will mean 50 g/t silver is good to go and that means open pit mining is possible

Cases of silver mines in Australia running 60% margin on some 50g/t -100 g/t mines.

* Tonnage

Legend extracted 17,000 t @2136 g/t from Elizabeth Hill

30,000t remained

If open pit is possible than another 500,000 t is possible at 50 g/t, this rate becomes the floor not the ceiling .

Silver just needs to be above $30 to bother..needs a sustained confident run that creates the new normal for prices.

Elizabeth hill standalone with peripheral metals could be Upto anywhere at $400 mine, just as is.

Aware of the plans to Munni Munni and drain the deep pit that Legend had, just this project and others for UFO is standing on giant shoulders of the silver price now.

Elizabeth hill has spent decades waiting for this silver price.

Each to their own but you sold now ?

Silver up 200% in a few months.

Wish you luck, frustrations are hard to overcome for sure

Https://youtu.be/nc2h4bsxVPA?si=ec_tQcFkl8SubUBG

If that links doesn't work

"The Karratha Queen is one of the world's largest and most beautiful native silver specimens, weighing approximately 145 kilograms (165 kg upon discovery) and containing about 3,520 ounces of silver. Discovered at the Elizabeth Hill mine in the Pilbara region of Western Australia, it is currently on display at The Perth Mint.

This video introduces the Karratha Queen and its display at the Perth Mint"

Google Karratha Perth Mint.

Obviously adjust to JV levels.

Chin up Gents and Ladies

I have been there. Not here but I have been here.

The silver price has altered the entire landscape.

Here we go. A the risk of repeating other posters.

I’ve been digging through the old Legend Mining reports from 2000—their final year mining Elizabeth Hill—and the economic shift compared to 2026 is extreme.

Last year of mining 2020, they pulled out 1.17 million ounces, but they were getting slapped by a $5/oz silver price. They were struggling with a $3 million debt and actually lost $1 million that year despite the high production.

That was that . Time gentlemen please!

The same production today with $76/oz, that 1.17 million ounces would generate roughly $88.9 million in revenue. That is a massive jump from the $6 million in sales they brought in back then. Even if we are conservative with modern costs and set an AISC of $14.50/oz, total operating costs would be about $17 million, leaving us with a net profit of roughly $71.9 million per year.

The standout part for me is the grade. That final year averaged 3,623 g/t silver. Exceptionally high anywhere.

This bod looks very active on the actual business front.

Maybe I have new eyes and lack some frustration of longer holders but I see some twitter.

I think expecting the BOD to defend the odd up and down is a bit OTT.

Obviously they should get on Instagram!

Under the political circumstances I should have used another subject title.

Fairly new here, has anyone done any homework on these interesection and the potential value, tried to price together an average recovery .

Would love to see

Ty

3% on warrants from TVR?

I suppose that can move a day range.

Need the wild west speculators from silver. Let it calm and be investigable

Spot price vs paper silver first to settle . The differences are not normal despite what some commentators may speculate on.

There is clearly contrasting interests.

Remember we are still way higher than any price seen in 2025.

2018 updates at Radio hill

Works Progress to date. At a cost of millions.

Process 26 and Gekko works.

▪ Crushing circuit refurbishment program complete - including ROM wall replacement, installation of

refurbished primary and secondary crushers, conveyor belts, and vibrating screen.

▪ Milling and Classification area – steelwork, cyclone cluster and DSM screen installation has commenced.

▪ Gekko gold circuit complete – including installation of Inline Pressure Jig, Falcon, Inline Spinner and

associated gold room equipment (refer Figure 2).

▪ Gold room building – structure and cladding complete and and fit out continues with Gemini Table and

Barring Furnace placed into position.

▪ All slurry pumps have been overhauled – and installation underway.

▪ Thickener and flocculant plant - foundations and ground slabs complete with thickener lifted into place.

▪ High Voltage – HV cables installed and awaiting termination.

Welcome at experienced voices ,on the advances in equipment that Radio Hill may require

Artemisresources/radio-hill/

Into a search engine should work

[LINK REMOVED]

Radio Hill owned by Artemis.

The MOU in place and should complete as the full extent of the deposits comes to light. Radio HIll will probably cost £5m-£10m from maintenance mode to processing. It's a 425, 000 tpa.

I'd expect broad terms discussed verbally and for that information to arrive around the same time we get solid results.

The most important component is the deposit grade. That's looks good. It may need tight spaced drilling to track and quantity the silver veins but at these grades that's still exceptional.

Whoever said this is easy should dig a 2 by 6 channel in their garden.

It doesn't matter if the silver is in granite, a gekko gravity machine is in place ,but yes it can be twice as expensive,use more kit and labour, again it's trivial at these grades and prices

That Radio Hill could be working and making buck in 2026 at a frantic push. That's exceptional.

The players here are serious.

Gla.