Shareholder pleads; "No wiggle room this time please"
posted on
Feb 03, 2010 02:32PM
While I accept that unusual things happen in uncharted waters, we have been trying to get silver out of this ore since I became a granddad. Surely Jim and the UC BoD acquired experience, prudence and wisdom as a result.
This is ‘proof in the pudding’ time in the eyes of every potential investor that has the ability to read our history.
This 2010 time line has to be a hard commitment based on confidence earned from many years of false starts and unexpected outcomes. I will not lure new potential investors into doubt or complacency, I will do everything I can to endorse Jim’s objective and hold faith and trust that he can deliver.
However, I am concerned about this aspect of the 2010-01-25 NR:
“(Jan. 25, 2010) - UC Resources Ltd. (TSX VENTURE:UC) ("UC") announces that … the company intends to run the mill at a through-put rate of 220 tonnes per day with between 4-5 years of production tailings available. In conjunction with the mill being placed into production, an exploration plan is being developed for the Xora claim … Logistics and geophysical programs are presently being planned for the impending drill program on the Xora claim.”
We have 4 - 5 years of ore to work our way through so I hope this secondary activity is not going to be a distraction for the primary objective (silver & gold) a/p the above.
Kindest Regards
Aafab