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I like your target, but I think you might be low.

As far as this endless speculation that UC does not have a lock on 55%, we asked them again (and again) after JDF said he heard different in a telephone conversation. Here is their written response which is also posted on company posts area of this forum. It is in english and it is clear. 55%.

Dear Shareholder,

Thank you for your inquiry. The following response was provided by UC Resources:

We are covered in our option agreement, we can spend our required amount at any time to earn that 55%....if anyone is interested in that land package they would have to come to us as we would have 55%, our option agreement can't be violated, and covers such provisions.  If we start to hit something interesting and decide to excellerate our agreement we have that option available as well.

Please see press release dated March 7, 2007 

Regards,

AGORACOM

-------------------

BK

 

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