re: smh report: open up 11 percent higher someone thinks its good news, the shares will jump 11% in open. considering its the worst ever time for UCL politically, this is very exciting.
I believe 3 years to get the mine up and running. as the stock pile of zinc reduces dramatically it will become more and more of a priority to get Mehdiabad up and running.
Also the NPV metioned in the article and IRR is teribly understated. AIM used in theirs $1874 for zinc late last year and $3000 odd recently. UCL are using $1700 which is incredibly low by todays standard. I guess its better to have management understating rather than over stating.
cheers andrewe
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