Re: Friday news
in response to
by
posted on
Jun 16, 2011 08:07AM
Cinima wrote : Anyway, imo, this is just another sigh that very positive things are coming for UC and/or the ROF in general in the very near future, likely before the end of June.
Yes, the mill at La yeska has been running for a while now and producing dore. This will provide an important cash flow that can be used for more exploration etc.
Jim is also excited about the exploration possibilities at JBL. The large UC controled land in JBL already contains copper discoveries and lots of possibility for nickel, chromite etc.
My understanding is the copper could be economically mined if the infrastructure was in place. It appears that the Ont. Gov't is prepared to support the development of this northern area by facilitating the infrastructure.
I agree that this is likely a long way off but with the mill running now UC is likely undervalued at this SP. Someone else obviously agrees.
SN