Good old days...
posted on
Jun 02, 2010 02:49PM
Another member on the other board posted some material i thought was very good to refresh people memory of this stock........One company that the market has pretty much ignored isUCResourcesInc (UC-V: $0.48)which has two strategic claim blocks north and south of Noront's Double Eagle that it has optioned 55% fromSpiderResourcesInc (SPQ-V: $0.18)andKWGResourcesInc (KWG-V: $0.16). What was a rather unexciting third pass at the VMS potential of the two Spider/KWG blocks has turned into a brand new play. Compared to Spider and KWG who have 308 million and 243 million shares fully diluted and net interests of only 23%, UC has 100 million fully diluted and a 55% net interest that translates into an implied project value of only $87 million. Spider's Neil Novak is an insider of UC, and is also involved with the exploration services company operating Noront's exploration program. UC is gearing up to reinterpret its former low priority anomalies and aims to be drilling in early 2008. I am recommendingUCResourcesInc (UC-V: $0.48)as a Good Relative Spec Value Buy at $0.48for anybody seeking relatively cheap exposure to the original McFauld's Lake land package...
WE will get ours......