Re: PP Concerns
in response to
by
posted on
May 25, 2011 12:14PM
Thanks for post good info. I do think there would be value in UC plus partners doing a limited drilling at VMS 1-5 first...to verify as much CU resource as possibly..and if needed do a 43-101. I think this may bring some interest from other interested parties.We are in the drivers seat IMO..if we got an offer from someone else..I think Cliffs would have to match it or better it unless they wanted a competitor as a partner and in control. The Rof property is shaping up to be "UC"s ace in the hole. I like all the chatter about infrastructue..on the other boards..if something happens onthat front alone..I think all the ROF companies will get a huge lift. On this piece of news alone.. if and when verified ..it could easily double the stock price...for most companies...or at least those with viable deposits..such as UC.
BTW..there are approx 15 -18 million warrants around 10-12 cents if we got some news that moved us into 20-30 cent range..these warrants would likely be exercised and could provide a nice source of cash.