Re: More Directors buying stock ...- mattusvi
in response to
by
posted on
Jul 12, 2009 12:38PM
Long time, no post. Trust you keep yourself bussy inbetween.
As for all things UC, the recent news coming out of the Office suggests to me that there still remains challenges with respect to the LaYesa Operation (actually, the lack of seeing it operate) while the preparation for the inevitable drilling of two or more of the most prospective Anomalies in the RoF Properties, closest to the NOT/FWR Super Deposits, continues to move long at a very MEASURED pace.
My perspective is that UC has by now fully fulfilled their obligations with respect to the McFauld's JV Earn-In. And with the Geophysical Data from recent work in hand it is now but a Timing Matter before the follow up drilling occurs.
Given the Games Noront Resources BoD is playing and their very recent, however long delayed, official release of vague details (select incomplete partial VISUALS) on the Exploration Program occuring at Eagle 1 over the past 8-10 months, it seems wise to me for UC Resources to continue on the relatively very low key steady progression toward actually doing the needed Drilling so as to confirm the Value of what the Targeted Anomalies actually possess.
With that, the next 2-6 months could very well see Noront Resources once again prove that they have the Viable Mine Starter. As for FWR, well, FWR is also in the same position as NOT, though FWR has been down playing (in that they have not released any Ni/Cu/PMG Assay results on Drilling associated with the Black Thor/Label over and above the initial demonstration that such is found in proximity, if not in association, with the Chromite) their Ni/Cu/PMG Potential.
With these two, at present, having the Prime Focus and Attention of All interested in this Area Play, UC has the next Best Potential to step up to the same Level of Prospective Quality. All it will take is one (or a few) very well placed Drill Hole(s).
Thus, given the sequence of recent Exploration and Corporate events, leading to the present Time, there seems to be a steady convergence of Exploration Efforts, due to competing Corporate Strategies if not a coordinated, ALL leading to the Re-Ignition of Major Speculative Interest in the RoF. And consequently, each of the Prime Results Possessing Players.
UC Resources looks to be poised to be just such a RoF player when this all finally breaks open AGAIN.
Old Joe
PS: When UC announces specific plans and time frame for actually doing the needed drilling, take it as a sublte hint that the Ignition Spark is being struck.