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Message: Re: Financing

In Response to StormTroopers Rage

posted on Jul 08, 2008 12:13PM

I understand your grief and have shared your angst. We shareholders know less about the current state of affairs at UC than about the empty promises of the past. This is not the same UC Resources that I invested into several years ago. I for one am pleased that Jim is in the driver’s seat now.

Jim is what the O&G patch calls the "New Broom" and we have all watched the corners get cleaned out and cleaned up for the future.

The current share price is supported by the current facts. But, I am confident that there is blue sky on the horizon that will restore your optimism.

1. We are waiting on the SPQ / KWR / UC Option agreement to be signed and sealed as our platform for the 2008 / 2009 drilling initiative at McFaulds. Why it has taken so long to ratify is not the fault of Mr. Voisin. He is the guy that has held his ground, proven his intent with investment & action, and salvaged the agreement … and he will get it done before the end of July (is my bet). When this happens, I anticipate a $0.35 share price as the darkness clears on this past horror and the stage is set for the next event.

2. The known stats at the top of this forum page "Recent Intersection on the property includes 4.35% Zn, 2.69% Cu, 0.35 g/t Au and 6.63 g/t Ag Over 19 Metres" speak for themselves. Novak mentioned at the SPQ AGM that the 43-101 for McFaulds #3 is in the works. When this happens we will be the second exploration company at McFaulds to have a proven resource. This tonnage and grade will be added to NOT’s and both stocks will appreciate in value, because the feasibility of a mining / smelting operation just improved significantly. I anticipate a $0.50 share price on this news. SPQ may jump a little bit too. This 43-101 should be in place before the end of August if what I understand he said at the SPQ AGM proves to be true.

3. We have had an extensive aero survey of the property and my guess is that there are other anomalies that on our property that bear the signature of mineralization. Spudding some holes into these targets and visible mineral / assays will provide some share price appreciation.

4. La Yesca is not that far off my friend. BurpGardener might have preferred a brewery (hahahaha) but there is lots of silver to be extracted at La Yesca at a minimal $/ton of processing. The tailings are sitting there in the way. Cleaning up the mill site will make us millions in regular predictable cashflow / profit. These millions can be shuffled off to McFaulds or kept in Mexico to clean up the property some more, build some infrastructure and process some of the Colorado resource from across the street. I believe that we will see cash flow before the end of 2008 and that it will be reflected in a share price of $0.75.

It has been a tough time for us and we have held the fort this long without much info and therefore hope. Voisin is not Hamelin. If you are using Hamelin’s promises as a gospel, have a nice ride in the handcart. This is not the time for flight … we stand, look forward, prepared to fight and defend the core of this business and the principles of our CEO. Jim has a plan, and as soon as Hamelin’s ghost is exorcized I believe that you will be rewarded (and much better informed)

In closing, let me advise you to read back a few weeks on this forum and note the number of shares that Voisin has bought on the open market (see QQ’s posts). This, more than anything is testimony to the confidence Jim has in the future of UC Resources.

So suck it up, hold your shares, and stop fretting over the investment consumerism that the talking heads are selling you. “NIL CARBORUNDUM ILLEGITIMI”

Nuf Sed

Aafab

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