Yes, cheap stock
posted on
Jun 12, 2008 04:37PM
This from Kaiser back in November 2007
Compared to Spider and KWG who have 308 million and 243 million shares fully diluted and net interests of only 23%, UC has 100 million fully diluted and a 55% net interest that translates into an implied project value of only $87 million. Spider's Neil Novak is an insider of UC, and is also involved with the exploration services company operating Noront's exploration program. UC is gearing up to reinterpret its former low priority anomalies and aims to be drilling in early 2008. I am recommending UC Resources Inc (UC-V: $0.48)as a Good Relative Spec Value Buy at $0.48 for anybody seeking relatively cheap exposure to the original McFauld's Lake land package.
BK