re: potential of caz........, page-2

re: potential of caz........
from the CAZ thread...


Interesting to read some of the thoughts here on UKD as it relates to CAZ - pretty level headed.

I have stood on the ranges very close to UKD's new leases. Interesting that on one side I can see West Angelas and the other Area C.

I have also seen some holes drilled very close to those UKD leases. There is a lot of high grade ore there - make no mistake about it. Area C has tremendous potential for reserves upgrades, especially compared to some of RIO's Tom Price and Newman operations.

Probably the P levels being on the high side is the biggest risk - but I am guessing Carpenter/Bowler will not want to get involved here, so poltical risk reduced.

As for spikes on the stock price, the Market Cap is the key - has plenty of speculative upside at current prices imo. Look where CAZ/SRK/FMG Market Caps went on speculation in their early days?

Of course market taking a pounding will throw a spanner in the works but don't under-estimate how the market will rate the UKD real estate when their is a sniff of a rig warming up.

Also don't think that RIO/BHP/FMG haven't already had a closer look at UKD and whether strategic stakes are warranted. It is an interesting play for those who understand and know CAZ/Shovellana...

I have owned CAZ/SRK/FMG/UKD at various times the last 3 years - holding SRK/UKD now so obviously I hope it keeps going up...

Time will tell...