posted on
Nov 05, 2010 03:41PM


Message: Re: ?????
Great point SRV.
Progressive factual information is what most are looking for. We can understand delays and appreciate altered time lines given the environment and limited infrastructure.
However market curiosity will wane given protracted news release. Credibility is based on what one says in given timelines and positive results.
This was released on Sept. 29th. " The company aims to move toward commercial production as quickly as possible and should be at the target 220 tpd within 2 weeks if all goes well and based on the earlier test period. Once stable run rates are attained at the target throughput with target recoveries, the company will then be testing maximum throughput rates in the months ahead which could increase performance".
We are well beyond that timeline. We are also waiting drill results that were mentioned in the same NR on Sept. 29; " Assays for both hole 2 and hole 3 are pending and will be reviewed prior to commencing a planned 6 hole program after a short 2 week break. This 6 hole program that will be funded by a grant by the Geological Department of Mexico. The grant previously announced as being for $92,000 Canadian dollars has now been expanded up to $120,000 Canadian dollars with the possibility of multiple renewals based on results. "
I in no way am bashing UC, I am heavily invested. However I do have concerns about realistic timelines. I expect to see positive millrun rates and hopefully assays. The old saying is put your money where your mouth is. I hope this post will prove to be of little significance as Jim said he willhave an NR soon.
Just a little rant.....anxiety...lol
Cheers.
b.
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