Presto I am not saying half cash. UNV is using their cash to bring this into production. Even thought they are doing a great job they will use up most of their cash at sometime.
UNV might reduce their cash to $8 million which is around 2.5 cents per share backing. At this level their should be some speculative value in the stock with $9 million market cap.
The share price will not move until they start mining and pay off some debt. Hypotheticals don't work well in a (bear market.
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