Re: Sent a message to Gary ... Hmmmmm
in response to
by
posted on
Mar 05, 2014 09:53AM
what do you mean by the Sprott investment and the $6mill ?
the Sprott investment was $1.5 mill and it's showing up on the accounts as at about 500k, that being down to the falling value of siliver in the sprott fund.
http://www.ucresources.net/mobile/news/index.php?&content_id=246
The cost of production will vary a lot if there isn't continual power, you're still paying for people even if they're doing nothing, so you can't attach a mineable value to the tailings under that kind of regime. It sounds as though they need to re-think their energy source as well as the quality of tailings issue.
AP