Although they've drilled a lot so far and haven't found the mother load UC owns a ton of land in McFaulds. 

I must admit I sold all my UC at 45ish last week and threw it into BMK around the same price. I've now sold all my BMK and slowly buying back my UC. They have a lot going on although I'm hoping for some crazy speculators to start throwing $$ into the stock. 

http://www.ucresources.net/_resources/McFaulds_Area_Property_Oct_2007.pdf