ccu vs uml, page-3

Few things to point out

UML market cap is $25m

UMLs EV is negative (good thing)

Production at Dargues will only likely replace falling production at Henty.

I prefer to just look at cash and cash generation for next 2 years. Could go to 5c

Approval of Dargues and good fresh hits at Henty are cherries on top.


UML is still way undervalued yes, but a PER of 10 is not credible until they have a longer life mine in front of them.


NOTE: have just realised this was from 2013...no idea why this popped up in my screen, $90m - wow, what a fall.

so ignore my post, it's current views only.