There’s a lot of solidarity and passion on this discussion forum since the NR. Its great to see new posters that have been lurking and old farts like Hoov weighing in. (All in jest Lar) I’ve learned a lot from everyone’s contribution …. Thanks

For what its worth I offer the following perspective.

I assume that November 11 is the notice date. 45 days later is close to Christmas so who knows what the official signing date will be. Unless KWG or SPQ want it. Maybe a bidding war? (More on this later). But we get $850,000 cash minimum. Thank you Gary, Thank you Jim, Thank you Santa Cliff.

The closing of the sale is expected to occur early in the first quarter of 2012. Then we have every diluted dime we invested in the RoF and a few pennies more back in our jeans.

Hoov offered this gem of information that I wasn’t aware of: “I've talked to Frank about these claims a few times. He never liked the deal that Novak made with UC. In essence, he could get the original claims back, for the cost of the exploration work done on them”. Everyone knows I thought our share of the swamp was worth $30 KK (but hell, those guys at Remax can do wonders at twenty cents on the dollar)

From my perspective this is a major coup, or in the words of our quarterback; one hell of a “punt” Excellent strategy gentlemen, well played, perfect delivery.

BarbuBeatnik offered this perspective: “I am a bit amazed of the price of 6MM$ attached to the 55% interest sold. Moe' holes are probably just holes, sadly, and Frank's interest is probably low as to this property, because Jim has certainly pre-offered him the land before going to Cliffs”

Now we know that Jim and Gary have negotiated a premium to the bottom dollar which would have been = to the exploration dollars UC actually invested. But this does not address the issue regarding KWG’s likelihood of challenging CLF on the transaction. I don’t expect any action from NN as he is likely still resting in the sun

But Hoov offered this into the equation: “BTW, when I talked to Jim yesterday, I asked about the assays. He told me they weren't all back. Waiting on one metal (whatever the implication of that is). And waiting for the QP (Moe Lavigne of KWG) to write a news release”.

This may be the catalyst for price action from KWG, and certainly Moe has more than a professional interest in the results of these two wildcat holes. I think that this scenario has a low likelihood of developing into anything exciting though.

Hoov weighed in again with: “IMHO, the moment the 55% interest was secured, these claims were put on the market. That's April until now to put a deal together.”

Our SP started halving after the JV buy in was accomplished (I don’t have the volume numbers). The market reaction today is complacent so my guess is that if any of the majors wanted to ride the RoF pony, they’re gone already.

Keegan expressed our fears: “it certainly could be an initial firesale as shareholders, bound and determined for value in the rof, leave”.

41,000 shares traded today would surely indicate that these shares are held in very tight hands. Our major institutional type shareholders were likely in the loop on a decision of this magnitude.

Hoov was chatting up his network and offered the following: “I don't expect an immediate update on what the future holds for UC in Mexico”.

I think this is a major mistake !!!

Hoov went on to post Jim’s remarks to his post: "I have drill plans, milling plans, and acquisition plans."

Interesting response from Jim, I surely hope that he barked them out in priority. The emphasis has to be La Yesca. THIS WAS PLAN “A” and the reason I first bought into UC. We are soooooooo close to commercial viability. A successful full throttle quarter is what we need to get this company and SP rolling. My priority list would have been; A published feasibility study and some fresh feed for the mill, a new web site and an IR campaign.

But Truck summed it up nicely for me and I share his sentiment … specifically: “Pick yer friggin horse and get on it. Mine is Mexico. I intend to let JimBob know that I am with him and to get his dented head and arse in gear”.

Effectively phrased my friend, it is going to take this type of enthusiasm and commitment to action to achieve success. I think that Gary and Jim have it …. So I hold

I fear the impact of this on the 2012 balance sheet though.

Aafab