UML unity mining limited
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Ann: Resources & Reserves Update , page-4

  1. Samscout
    1,077 Posts.
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    18/08/12
    13:33
    Post #: 10587875
    The company should make a takeover bid for horseshoe metals (HOR) - its got a JORC of 91,000 contained tonnes of copper and about 35,000 ounzes of gold - plus further recent discoveries are going to increase it further - its market cap is about $16 million - it sits on an old mine so start up costs shouldn't be that high - maybe $10 million - UML would still have cash left over. Much better value than ERM or MYG in my view.

    IMHO
    UML Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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